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AerCap reports 2016 earnings

AerCap reports 2016 earnings

AerCap has reported net income of $364.7 million for the fourth quarter of 2016 and $1,046.6 million for the full year 2016. Diluted earnings per share for the fourth quarter and full year 2016 were $2.01 and $5.52 on a

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AerCap amends, extends and increases unsecured revolver

AerCap amends, extends and increases unsecured revolver

AerCap Holdings has completed the amendment, extension and upsizing of its $3.00 billion unsecured Revolving Credit Facility. The new facility size is $3.75 billion and comprises a four-year revolving period. Citi, Mizuho, Bank of America Merrill Lynch, Barclays, Crédit Agricole

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AerCap signs lease agreement with Loong Air for 20 new aircraft

AerCap signs lease agreement with Loong Air for 20 new aircraft

AerCap has signed a lease agreement for twenty new aircraft with Chinese carrier, Loong Air. The signing ceremony took place in Hangzhou between AerCap Chief Executive Officer, Aengus Kelly and Loong Air Chairman, Liu Qihong. This agreement represents the largest

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AerCap prices senior notes and amends revolver

AerCap prices senior notes and amends revolver

AerCap Holdings has amended and extended two term loan facilities for the total amount of $2.25 billion. AerCap’s $0.75 billion term loan facility, originally put in place by ILFC in February 2012, was amended and extended in December 2016. The

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AerCap announces Q3 transactions

AerCap announces Q3 transactions

During the third quarter of 2016, AerCap signed lease agreements for 96 aircraft, including 10 widebody and 86 narrowbody aircraft. The lessor purchased seven aircraft, including one A320neo, three A350-900s, one 787-8 and two 787-9s. AerCap executed sale transactions for

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AerCap confirms placement of five E2s with Borajet Airlines

AerCap confirms placement of five E2s with Borajet Airlines

AerCap has confirmed placement of three Embraer E190-E2s and two E195-E2s to Turkish carrier, Borajet Airlines. The aircraft, on long term lease from AerCap’s order book with Embraer, will begin delivering to Borajet Airlines in 2018. The announcement was made

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AerCap delivers new A350XWB to LATAM

AerCap delivers new A350XWB to LATAM

AerCap has delivered a new Airbus A350-900 to LATAM Airlines Group. The aircraft was transferred to LATAM Airlines at the Airbus Delivery Centre in Toulouse. AerCap President and Chief Commercial Officer Philip Scruggs said, “LATAM Airlines is a longstanding customer

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AerCap delivers its first A320neo aircraft, on lease to Volaris

AerCap delivers its first A320neo aircraft, on lease to Volaris

Low-cost carrier Volaris has taken delivery of its first A320neo, making the airline the first operator of the A320neo in North America. Volaris is Mexico’s largest Airbus customer, having ordered 74 A320 Family aircraft, including 30 A320neo. The A320neo for

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AerCap authorizes share repurchase program of $250 million

AerCap authorizes share repurchase program of $250 million

AerCap’s Board of Directors has authorized a new $250 million share repurchase program, which will run through December 31, 2016. This program is in addition to the $250 million share repurchase program announced on May 31, 2016, which runs through

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AerCap delivers second new A350 XWB to Ethiopian Airlines

AerCap delivers second new A350 XWB to Ethiopian Airlines

AerCap has delivered a second new Airbus A350-900 to Ethiopian Airlines. The first aircraft was delivered in June, marking the first A350 XWB aircraft to be delivered to an African carrier. AerCap has now leased two A350 XWB aircraft to

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