AerCap sells equity interest in $1 billion aircraft lease securitisation to Guggenheim Partners

AerCap Holdings’ wholly-owned subsidiary, AerCap Ireland Limited, has signed and completed an agreement with a subsidiary of Guggenheim Partners, under which AerCap has sold its equity interest in Aircraft Lease Securitisation Limited (ALS) by transferring 100% of its interest in the E-Notes, the equity securities issued by ALS, to Guggenheim. ALS is an asset backed securitisation vehicle with a portfolio of fifty aircraft valued at approximately $1 billion. The portfolio is leased to 26 different airlines. As part of the agreement, AerCap will continue to service and manage the aircraft portfolio. Aengus Kelly, CEO of AerCap said: “We are pleased