AerCap Sells $0.6 Billion Aircraft Portfolio
(Thomson Reuters ONE) -
Amsterdam, The Netherlands; September 30, 2015 - AerCap Holdings N.V. ("AerCap",
NYSE: AER) announced today that it has completed the sale of a ten-aircraft
portfolio to an entity advised by Magnetar Capital, an investment manager with
$14.6 billion assets under management. The aircraft types include four A330-
200s, two 777-200ERs, two 777-300ERs, and two A320-200s with an average age of
approximately 10.5 years. As part of the sale, AerCap has entered into an
agreement with the purchaser under which it will continue to service the
portfolio.
"We are pleased with the sale of these ten aircraft as it helps further balance
the aircraft types in our portfolio," said Ted O'Byrne, Chief Investment Officer
of AerCap. "With the completion of this sale, the total amount of aircraft sold
to date in 2015 is $1.2 billion. We are also delighted with the emergence of our
new partner on the transaction and look forward to working with the Magnetar
team in the future."
David Snyderman, Global Head of Fixed Income at Magnetar, said: "This investment
fits in well with Magnetar's strong and growing portfolio of mid-life aircraft.
We're particularly pleased with our growing relationship with AerCap."
About AerCap
AerCap is the global leader in aircraft leasing with approximately 1,730 owned,
managed or on order aircraft in its portfolio. AerCap has one of the most
attractive order books in the industry. AerCap serves over 200 customers in
approximately 90 countries with comprehensive fleet solutions and provides part-
out and engine leasing services through its subsidiary, AeroTurbine. AerCap is
listed on the New York Stock Exchange (AER) and has its headquarters in
Amsterdam with offices in Dublin, Los Angeles, Shannon, Fort Lauderdale, Miami,
Singapore, Shanghai, Abu Dhabi, Seattle and Toulouse.
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 Investors/Media:
John Wikoff
Tel. +31 631 699 430
jwikoff(at)aercap.com
www.aercap.com
AerCap Sells $0.6 Billion Aircraft Portfolio :
http://hugin.info/149317/R/1955551/712106.pdf
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Source: AerCap Holdings N.V. via GlobeNewswire
[HUG#1955551]
Unternehmensinformation / Kurzprofil:
Datum: 30.09.2015 - 14:45 Uhr
Sprache: Deutsch
News-ID 423718
Anzahl Zeichen: 3515
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