AerCap enters into USD2.6 billion purchase and leaseback agreement with LATAM Airlines Group for 25 widebody aircraft
(Thomson Reuters ONE) -
Amsterdam, Netherlands, May 29, 2013 - AerCap Holdings N.V. (NYSE: AER) today
announced that it has entered into a $2.6 billion purchase and leaseback
agreement with LATAM Airlines Group ("LATAM") for 25 widebody aircraft, with
deliveries scheduled between 2013 and 2017. The aircraft consist of nine new
Airbus A350-900s, four new Boeing 787-9s, and two new Boeing 787-8s from LATAM's
order backlog, and ten Airbus A330-200s with an average age of four years. The
appraised value of the 25 aircraft is approximately $3 billion.
AerCap will purchase the aircraft from LATAM Airlines Group and immediately
lease them back to LATAM. AerCap expects to finance the aircraft with a
combination of funding from the capital markets, the bank markets, and its
existing warehouse facility.
"AerCap is delighted to have completed this landmark transaction with LATAM
Airlines Group, one of the global leaders of the airline industry and one of
AerCap's most prestigious customers for over 20 years," said AerCap's CEO Aengus
Kelly. "This transaction provides AerCap with an attractive opportunity to
expand our widebody portfolio with the most in-demand, new technology aircraft
and to place them on long-term leases to one of the world's leading airlines.
The agreement with LATAM Airlines Group is evidence of the increasing
opportunities we are seeing for large-scale transactions as many airlines begin
to take delivery of the significant orders placed at the beginning of this
decade and use operating leasing as a key financing tool."
About LATAM Airlines Group
LATAM Airlines Group S.A. is the new name given to LAN Airlines S.A. as a result
of its association with TAM S.A. LATAM Airlines Group S.A. now includes LAN
Airlines and its affiliates in Peru, Argentina, Colombia and Ecuador, and LAN
Cargo and its affiliates, as well as TAM S.A. and its subsidiaries TAM Linhas
Aereas S.A., including its business units TAM Transportes Aereos del Mercosur
S.A., (TAM Airlines (Paraguay)) and Multiplus S.A. This association creates one
of the largest airline groups in the world in terms of network connections,
providing passenger transport services to about 135 destinations in 22 countries
and cargo services to about 144 destinations in 27 countries, with a fleet of
316 aircraft. In total, LATAM Airlines Group S.A. has more than 53,000 employees
and its shares are traded in Santiago, as well as on the New York Stock
Exchange, in the form of ADRs, and Sao Paulo Stock Exchange, in the form of
BDRs.
About AerCap
AerCap is one of the world's leading aircraft leasing companies and has one of
the youngest fleets in the industry. AerCap has over $10 billion of assets and a
fleet of 366 aircraft. 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, AerCap Peter Wortel, AerCap
Tel. +31 20 655 9616 Tel. +31 20 655 9658
foberdieck(at)aercap.com pwortel(at)aercap.com
For Media: For Investors:
Frauke Oberdieck, AerCap Peter Wortel, AerCap
Tel. +31 20 655 9616 Tel. +31 20 655 9658
foberdieck(at)aercap.com pwortel(at)aercap.com
AerCap LATAM Press Release May 2013:
http://hugin.info/149317/R/1705510/564203.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#1705510]
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Datum: 29.05.2013 - 15:35 Uhr
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News-ID 264422
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