Forty Million Dollar Share Capital Increase for Dragon Aviation Leasing, AerCap's Chinese Joint Venture
(Thomson Reuters ONE) -
Amsterdam, The Netherlands; February 20, 2012 - AerCap Holdings N.V. ("AerCap,"
"the Company," NYSE: AER) today announced that the shareholders of Dragon
Aviation Leasing, its Chinese aircraft operating lease joint venture, have
agreed to increase the issued share capital of the venture by up to US$40
million. The future share issues will be made in portions aligned to individual
aircraft acquisitions.
The venture comprises Dragon Aviation Leasing Company Limited, based in Beijing,
People's Republic of China and AerDragon Aviation Partners Limited, based in
Shannon, Ireland.
China Aviation Supplies Holding Company (CAS), AerCap and Crédit Agricole CIB
are the shareholders of the venture.
The agreement on the capital share increase was signed by M. Li Hai, CEO of CAS,
Aengus Kelly, CEO of AerCap, and Emmanuel Feld on behalf of Crédit Agricole CIB
on 20 February 2012 during a visit of Mr. Xi Jinping, Vice-President of the
People's Republic of China in Dublin.
Jean-Louis Chevrot, Chief Executive Officer of Dragon Aviation Leasing,
commented on the signing: "With this commitment of our shareholders to the
continued expansion of our venture, and with the support of prestigious
partners, Dragon Aviation Leasing will be in a strong position to benefit from
the fast-growing demand for aircraft in the Chinese and Asian markets."
Dragon Aviation Leasing was established in 2006. It currently has 17 aircraft on
lease to seven airlines. Dragon Aviation offers a full range of services to
airlines and the aviation markets including operating leases, sale & lease
backs, aircraft trading and asset management services.
About China Aviation Supplies Holding Company (CAS)
China Aviation Supplies Holding Company (CAS) was established in October 2002
and is one of the six holding companies of China Civil Aviation Industry. CAS is
specialized in aircraft procurement and support services on aviation supplies.
Over the last 30 years, CAS has purchased and leased more than 1,600 aircraft
for Chinese airlines, and imported numerous airport supporting facilities,
special vehicles, large-scale air traffic control systems and checkout
equipment.
About Crédit Agricole CIB
Crédit Agricole CIB, the Corporate & Investment Banking arm of the Crédit
Agricole group, specialises in the businesses of capital markets and investment
and corporate banking.
About AerCap
AerCap is the world's leading independent aircraft leasing company and has one
of the youngest fleets in the industry. AerCap has $9.1 billion of assets on its
balance sheet and 350 aircraft with a focus on fuel-efficient narrowbodies and
widebodies. AerCap is a New York Stock Exchange-listed company (AER)
headquartered in The Netherlands with offices in Ireland, the United States,
China, Singapore, the United Arab Emirates, and the United Kingdom.
This press release may contain forward-looking statements that involve risks and
uncertainties. In most cases, you can identify forward-looking statements by
terminology such as "may", "should", "expects", "plans", "anticipates",
"believes", "estimates", "predicts", "potential" or "continue" or the negative
of such terms or similar terminology. Such forward-looking statements are not
guarantees of future performance and involve significant assumptions, risks and
uncertainties, and actual results may differ materially from those in the
forward-looking statements.
For Media: For Investors:
Frauke Oberdieck Peter Wortel
Tel. +31 20 655 9616 Tel. +31 20 655 9658
foberdieck(at)aercap.com pwortel(at)aercap.com
www.aercap.com
Dragon Aviation $40M Share Capital Increase:
http://hugin.info/149317/R/1587608/497978.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: AerCap Holdings N.V. via Thomson Reuters ONE
[HUG#1587608]
Unternehmensinformation / Kurzprofil:
Datum: 20.02.2012 - 17:08 Uhr
Sprache: Deutsch
News-ID 116417
Anzahl Zeichen: 4767
contact information:
Town:
Schiphol
Kategorie:
Business News
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"Forty Million Dollar Share Capital Increase for Dragon Aviation Leasing, AerCap's Chinese Joint Venture"
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