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Engine order from AerCap; new share repurchase program and first cash dividend
AerCap has announced a deal with Safran Aircraft Engines (Safran) and Shannon Engine Support (SES) for the purchase of 150 new CFM LEAP spare engines valued at approximately $3 billion at list prices. The AerCap Board of Directors has also authorised a new $500 million share repurchase program through December 31, 2024; as well as declaring the initiation of the company’s first quarterly dividend on its common stock of $0.25 per share. This initial quarterly dividend is to be payable on June 13, 2024, to shareholders of record at close of business on May 22, 2024. The engines will be managed
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