AerCap's board of directors approved a $750 million share repurchase programme on September 10, 2025, the company shared in a stock filing. The buyback programme will run through to the end of the year.
“AerCap had $800 million remaining capacity as of the end of the second quarter, likely indicating most of that repurchase capacity was utilised in the third quarter,” TD Cowen analysts Moshe Orenbuch and Burc Okumus said.
The analysts noted AerCap had $3.5bn in excess capital with a 2.2x leverage, well bellow its 2.7x target, as of the end of the second quarter.
“We expect this excess capital to be deployed through sale-leaseback transactions, investments in the engine business, and share repurchases, as management has stated their view that the stock is undervalued,” the analysts continued.