AerDragon To Increase Share Capital to $268 Million
(Thomson Reuters ONE) -
East Epoch Joins as New Shareholder
Amsterdam, The Netherlands; May 6, 2013 - AerCap Holdings N.V. ("AerCap," "the
Company," NYSE: AER) announced today that East Epoch Limited ("East Epoch") has
agreed to become a new shareholder of AerDragon Aviation Partners Limited
("AerDragon"), the Company's operating lease joint venture that primarily serves
the aviation markets in China and Asia. East Epoch's main investor is Mr. Hsu
Pu, who was the Chairman of the Board of Hsu Fu Chi International Group, best
known for founding the largest confectionary company in China. China Aviation
Supplies Holding Company (CAS), a founder of AerDragon, will simultaneously
increase its investment in AerDragon. This is in addition to the previously
announced capital increase agreed by CAS and the other founders of AerDragon,
AerCap and Crédit Agricole CIB ("CACIB").
The new investments when completed will bring AerDragon's total share capital to
$268 million.
Aengus Kelly, Chief Executive of AerCap, said: "Partnering with East Epoch
provides AerDragon with an attractive new source of capital. This transaction,
together with the increased commitment from CAS, will lead to accelerated growth
at AerDragon and will help the venture to expand its aircraft portfolio."
About AerDragon
AerDragon was established in 2006 by CAS, AerCap and CACIB. It currently has 18
aircraft on lease to eight airlines. The venture comprises AerDragon Aviation
Partners, based in Shannon, Ireland and Dragon Aviation Leasing, based in
Beijing, People's Republic of China.
About AerCap
AerCap is one of the world's leading aircraft leasing companies and has one of
the youngest fleets in the industry. AerCap is a New York Stock Exchange-listed
company (AER) and has its headquarters in the Netherlands with offices in
Ireland, the United States, China, Singapore and the United Arab Emirates.
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
AerDragon Share Capital Increase 6 May 2013:
http://hugin.info/149317/R/1699424/560590.doc
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(i) the releases contained herein are protected by copyright and
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originality of the information contained therein.
Source: AerCap Holdings N.V. via Thomson Reuters ONE
[HUG#1699424]
Unternehmensinformation / Kurzprofil:
Datum: 06.05.2013 - 15:06 Uhr
Sprache: Deutsch
News-ID 256441
Anzahl Zeichen: 3729
contact information:
Town:
Schiphol
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"AerDragon To Increase Share Capital to $268 Million"
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AerCap Holdings N.V. (Nachricht senden)
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