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22-Feb-2017 11:24 AM

AerCap fleet portfolio reaches 1566 aircraft at end of 2016, with 99.5% utilisation

AerCap reported (22-Feb-2017) the following operational highlights for 2016:

Fleet:

  • 458 aircraft transactions executed, including 126 widebody transactions;
  • 99.5% fleet utilisation rate for the full year;
  • Weighted average fleet age of 7.4 years;
  • Weighted average remaining lease term of 6.4 years;
  • 98% of new aircraft deliveries placed on lease through 2018;
  • 78% of new aircraft deliveries leased through 2018;
  • Fleet portfolio of 1566 aircraft that were owned, on order or managed (including aircraft owned by AerDragon, a non-consolidated joint venture) as of the end of 2016.

Financing:

  • USD9.5 billion of available liquidity as of end of 2016;
  • Adjusted debt/equity ratio of 2.7 to 1;
  • Upgraded to investment grade rating (Ba1, outlook stable) by Moody’s Investor Service;
  • USD49.33 book value per share;
  • Repurchased 5.7 million shares in 4Q2016 for USD241 million and 25 million shares in 2016 for USD966 million.
  • Board authorised new USD350 million share repurchase programme, to run through 30-Jun-2017. [more - original PR]

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