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AerCap Leased, Purchased and Sold 953 Assets in the Full Year 2023 and 267 Assets in the Fou

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AerCap Leased, Purchased and Sold 953 Assets in the Full Year 2023 and 267 Assets in the Fourth Quarter 2023 and Repurchased Approximately 44 Million Shares in the Full Year 2023 

DUBLIN, Jan. 3, 2024 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap") (NYSE: AER) has announced its major business transactions during the full year and fourth quarter 2023:

Full Year 2023 Transactions

  • Signed 592 lease agreements, completed 173 purchases and 188 sale transactions.
  • Received cash insurance settlement proceeds of approximately $1.3 billion.
  • Repurchased approximately 44 million shares, at an average price of $59.09 per share, for a total of approximately $2.6 billion.
  • Signed financing transactions for approximately $13.3 billion.

Fourth Quarter 2023 Transactions

  • Signed 179 lease agreements, including 11 widebody aircraft, 89 narrowbody aircraft, 3 regional jets, 57 engines and 19 helicopters.
  • Completed 52 purchases for 24 aircraft (including 4 Airbus A220 Family aircraft, 11 Airbus A320neo Family aircraft, 6 Boeing 737 MAX aircraft and 3 Boeing 787-9s for AerCap's owned aircraft portfolio), 23 engines and 5 helicopters.
  • Completed 36 sale transactions for 20 aircraft (including 3 Airbus A220 Family aircraft, 4 Airbus A320 Family aircraft, 3 Airbus A320neo Family aircraft, 1 Airbus A330, 3 Boeing 737NGs, 1 Boeing 737-300SF, 2 Embraer E190s and 3 De Havilland Canada DHC-8s from AerCap's owned aircraft portfolio), 9 engines from AerCap's owned engine portfolio, 1 engine from AerCap's managed engine portfolio and 6 helicopters.
  • Received cash insurance settlement proceeds of approximately $609 million.
  • Repurchased approximately 10 million shares, at an average price of $62.86 per share, for a total of approximately $649 million.
  • Signed financing transactions for approximately $1.7 billion.

About AerCap 

AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle, Toulouse and other locations around the world.

Forward-Looking Statements

This press release contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements". In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "should," "expect," "plan," "intend," "will," "aim," "estimate," "anticipate," "believe," "predict," "potential" or "continue" or the negatives thereof or variations thereon or similar terminology. All statements other than statements of historical fact included in this press release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements, including, among other things, the availability of capital to us and to our customers and changes in interest rates; the ability of our lessees and potential lessees to make lease payments to us; our ability to successfully negotiate flight equipment (which includes aircraft, engines and helicopters) purchases, sales and leases, to collect outstanding amounts due and to repossess flight equipment under defaulted leases, and to control costs and expenses; changes in the overall demand for commercial aviation leasing and aviation asset management services; the continued impacts of the Ukraine Conflict, including the resulting sanctions by the United States, the European Union, the United Kingdom and other countries, on our business and results of operations, financial condition and cash flows; the rate of recovery in air travel related to the Covid-19 pandemic, the aviation industry and global economic conditions; the potential impacts of the pandemic and responsive government actions on our business and results of operations, financial condition and cash flows; the effects of terrorist attacks on the aviation industry and on our operations; the economic condition of the global airline and cargo industry and economic and political conditions; development of increased government regulation, including travel restrictions, sanctions, regulation of trade and the imposition of import and export controls, tariffs and other trade barriers; a downgrade in any of our credit ratings; competitive pressures within the industry; regulatory changes affecting commercial flight equipment operators, flight equipment maintenance, engine standards, accounting standards and taxes.

As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. These and other important factors and risks are discussed in AerCap's annual report on Form 20-F and other filings with the SEC. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. For more information regarding AerCap and to be added to our email distribution list, please visit www.aercap.com.

This press release was sourced from AerCap on 03-Jan-2024.