AerCap Holdings N.V. Statement on Market Speculation & Share Repurchase Program
(Thomson Reuters ONE) -
Amsterdam, The Netherlands; July 16, 2012 - AerCap Holdings N.V. ("AerCap," "the
Company," NYSE: AER) today issued the following statement in response to
published market speculation during the last week:
While it is our longstanding practice not to respond to market rumors and
speculation, we are making an exception in this limited situation. AerCap
disclosed in May 2012 that its board of directors has decided to explore a range
of strategic alternatives to enhance shareholder value, including continued
execution of our operating strategies, further share repurchases, aircraft
portfolio sales or a sale or merger of the company. The Company wishes to stress
however that it currently neither has an engagement with any financial advisor
nor is in discussions with any party regarding the sale of AerCap. We do not
intend to further comment on this matter.
As part of the initiative to enhance shareholder value, the Company's board of
directors has approved an increase in its previously announced share repurchase
program from $130 million to $200 million, which share repurchase program will
run through June 30, 2013.
Repurchases under the program may be made through open market purchases or
privately negotiated transactions in accordance with applicable U.S. federal
securities laws. The timing of repurchases and the exact number of shares of
common stock to be purchased will be determined by the Company's management, in
its discretion, and will depend upon market conditions and other factors. The
program will be funded using the Company's cash on hand and cash generated from
operations. The program may be suspended or discontinued at any time.
About AerCap
AerCap is the world's leading independent aircraft leasing company and has one
of the youngest fleets in the industry. AerCap is a New York Stock Exchange-
listed company (AER) headquartered in The Netherlands with offices in Ireland,
the United States, China, Singapore, and the United Arab Emirates.
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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
AerCap Market Rumor & Share Repurchase Program July 2012:
http://hugin.info/149317/R/1626987/520647.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#1626987]
Unternehmensinformation / Kurzprofil:
Datum: 16.07.2012 - 15:13 Uhr
Sprache: Deutsch
News-ID 165490
Anzahl Zeichen: 3957
contact information:
Town:
Schiphol
Kategorie:
Business News
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