4-May-2018 1:08 PM

AerCap completes 114 aircraft transactions in 1Q2018

AerCap reported (03-May-2018) the following highlights for 1Q2018:

  • 114 aircraft transactions, including 28 widebody transactions.
  • Approximately 95% of new aircraft deliveries until 2019 and approximately 80% until 2020 leased;
  • 6.9 years average remaining lease term, weight by net book value;
  • 98.3% fleet utilisation rate;
  • Closed on USD2.9 billion of debt financing, including USD1.15 billion senior unsecured notes offering;
  • USD10.8 billion of available liquidity and adjusted debt/equity ratio of 2.8 to 1;
  • Book value per share of USD59.60, an increase of 16% year-on-year;
  • Repurchased 5.9 million shares for USD305 million;
  • New USD200 million share repurchase programme authorised, which will run until 30-Sep-2018. [more - original PR]

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