MEDIA RELEASE PR35284
AerCap Signs $221 Million Airbus A330 Pre-Delivery Payment Funding Facility
AMSTERDAM, July 2 /PRNewswire-AsiaNet/ --
AerCap Holdings N.V. ("AerCap", NYSE: AER) today announced that it has signed a $221 million funding
facility with HSH Nordbank AG covering the pre-delivery payments for ten new Airbus A330 aircraft.
This funding facility completes AerCap's remaining pre-delivery payment
requirements for its 30 A330 aircraft order. This order was placed in
2006/2007 with deliveries scheduled until 2012.
Keith Helming, Chief Financial Officer of AerCap said: "We are pleased to
now have pre-delivery funding in place for all of our committed A330 and A320
purchases. The current transaction further strengthens our relationship with
HSH Nordbank who, as one of the major players in aviation financing, has
supported AerCap's business model in the past through pre-delivery funding
for our Airbus A320 order, and facilities for the acquisition of a Boeing
portfolio in 2008 and for our subsidiary AeroTurbine.
In total, AerCap has accessed over $8 billion of debt financing over the
last three years including $4.5 billion raised in the turbulent market
environment since the second quarter 2008."
About AerCap
AerCap is an integrated global aviation company with a leading market
position in aircraft and engine leasing, trading and parts sales. AerCap's
portfolio consists of 297 aircraft and 78 engines that are either owned, on
order, under contract or letter of intent, or managed. The company also
provides aircraft management services and performs aircraft maintenance,
repair and overhaul services and aircraft disassemblies. AerCap is
headquartered in The Netherlands and has offices in Ireland, the United
States, Singapore, China 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.
Contact for Media: Contact for Investors:
Frauke Oberdieck Peter Wortel
+31-20-655-9616 +31-20-655-9658
foberdieck@aercap.com pwortel@aercap.com
SOURCE AerCap Holdings N.V.
CONTACT: Media, Frauke Oberdieck, +31-20-655-9616, foberdieck@aercap.com,
or Investors, Peter Wortel, +31-20-655-9658, pwortel@aercap.com, both of
AerCap
(AER)
NEWS 
