Ten Year Component Lease Agreement Signed Between British Airways And Aeroturbine

< BACK TO AVIATION starstarstarstarstar   Industry - Aviation Press Release
2nd April 2008, 12:21pm - Views: 449









Ten Year Component Lease Agreement Signed Between British Airways and

AeroTurbine


AMSTERDAM and MIAMI, April 1 /PRNewswire-AsiaNet/ --


    AerCap Holdings N.V. ("AerCap," NYSE: AER) announced today that its subsidiary AeroTurbine,

Inc. entered into a component purchase and sale agreement and a component lease agreement

with British Airways, whereby AeroTurbine will purchase British Airways' entire stock of wheels and

brakes for the Boeing 737, 757, 767, 777, and 747-400 and will lease the same back to British

Airways for a period of between six years and ten years, in line with British Airways' fleet renewal

plans. 


    AeroTurbine has agreed to allow British Airways to position the wheel and 

brake stock at various locations around the world to support British Airways' 

day to day flight operations and manage the ongoing maintenance of the 

equipment in line with British Airways' normal high maintenance standards.      AeroTurbine's

President, Michael King commented: "The signing of this agreement represents a major milestone

for our company. Closing a contract with a strategic partner like British Airways further

demonstrates our 

position as a primary supplier in the aftermarket parts arena. We are 

obviously delighted to be selected as a key vendor to British Airways and look 

forward to further enhancing this relationship in the coming years."  

 

    About AerCap and AeroTurbine 

    AerCap is an integrated global aviation company with a leading market position in aircraft and

engine leasing, trading and parts sales. AeroTurbine 

is a subsidiary of AerCap focusing on engine leasing and trading, airframe and 

engine disassembly, part sales and MRO services.  

 

    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@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, 

Industry Aviation AerCap Holdings N.V. 2 image

          pwortel@aercap.com, both of AerCap

    (AER) 









news articles logo NEWS ARTICLES
Contact News Articles |Remove this article