AerCap

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AerCap Holdings N.V.
Public
Traded as NYSEAER
Industry Aircraft Leasing
Founded April 1995 (1995-04)
Headquarters Dublin, Ireland
Key people
Revenue US$ 5,287.6 million (2015)[1]
US$ 1,275.8 million (2015) [1]
US$ 1,178.7 million (2015) [1]
Total assets US$ 43 billion (2015) [2]
Total equity US$ 9,176 million (2015) [1]
Number of employees
385 (2015) [3]
Website www.aercap.com

AerCap (AER) is the world's largest independent aircraft leasing company after acquiring International Lease Finance Corp. in 2014.[4] As of December 2016, AerCap had 1,566 owned, managed or on order aircraft in its portfolio.[5] AerCap serves over 200 customers in approximately 80 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 Dublin with offices in Amsterdam, Los Angeles, Shannon, Fort Lauderdale, Miami, Singapore, Shanghai, Abu Dhabi, Seattle and Toulouse.[6]

On December 16, 2013, AerCap agreed to buy International Lease Finance Corporation (ILFC) with value around $5.4 billion, $3 billion is paid by cash and the rest with AerCap common shares newly issued. The deal gives AerCap $43 billion in total assets and a fleet of over 1,300 aircraft compared to GE Capital Aviation Services with a fleet of 1,800+ aircraft. American International Group as the parent of ILFC carried 46 percent shares of the combined company and the rest was held by existing AerCap shareholders.

2015[edit]

In June 2015, AerCap signed an agreement with Boeing for an order of 100 Boeing 737 MAX 8 aircraft with deliveries starting in 2019.[7] In June 2015, AIG sold about 71.2 million shares in a public offering and AerCap purchased an additional 15.7 million of its shares from AIG.[8] In August 2015, AIG completed its departure from the airplane-leasing business with the sale of the additional 10.7 million shares.[9]

As of December 31, 2015, AerCap’s portfolio consisted of 1,697 aircraft that were owned, on order, under contract or managed (including aircraft owned by AerDragon, a non-consolidated joint venture). The average age of the owned fleet as of December 31, 2015 was 7.7 years and the average remaining contracted lease term was 5.9 years.[6]In 2015, AerCap leased, purchased and sold 405 aircraft. The company signed lease agreements for 276 aircraft and purchased 46 new aircraft. AerCap executed sale and part-out transactions for 83 aircraft and signed financing transactions for US$7.3 billion.[10] On February 23, 2016, AerCap reported record 2015 financial results and authorized a share repurchase program of $400 million.[11]

2016[edit]

In January 2016, Airline Economics recognized the company with "Lessor of the Year" and "Treasury Team of the Year" awards.[12]

In 2016, AerCap signed lease agreements for 279 aircraft, purchased 38 and sold 141 aircraft, and signed financing transactions for $4.6 billion ; as of December 31, 2016, it has 1,566 owned, managed or on order aircraft in its portfolio.[5]

2017[edit]

In June 2017, Aercap has placed order for 30 Boeing 787-9s, valued at $8.1 billion at list prices at the Paris Air Show.[13]

References[edit]

  1. ^ a b c d "Press Releases — AerCap". www.aercap.com. Retrieved May 13, 2017. 
  2. ^ "Fact Sheet — AerCap". www.aercap.com. Retrieved May 13, 2017. 
  3. ^ "AerCap Holdings N.V. Reports Record Financial Results for 2015 and Authorizes Share Repurchase Program of $400 Million". www.businesswire.com. Retrieved May 13, 2017. 
  4. ^ "Boeing, AerCap said to be negotiating on 100-jet 737 MAX order". The Seattle Times. 12 June 2015. 
  5. ^ a b "AerCap Leased, Purchased and Sold 458 Aircraft in 2016" (Press release). AerCap. January 16, 2017. 
  6. ^ a b "AerCap Holdings N.V. Reports Record Financial Results for 2015 and Authorizes Share Repurchase Program of $400 Million | Business Wire". www.businesswire.com. Retrieved 2016-02-25. 
  7. ^ "Boeing, AerCap Announce Order for 100 737 MAX 8s - Jun 16, 2015". boeing.mediaroom.com. Archived from the original on 2016-03-04. Retrieved 2016-02-25. 
  8. ^ Basak, Sonali (2015-06-03). "AIG Raises $3.7 Billion in Cash From Sales of AerCap Stock". Bloomberg.com. 
  9. ^ Basak, Sonali. "AIG Raises $500 Million Selling AerCap Stock to Exit Stake". Bloomberg.com. Retrieved 2016-02-25. 
  10. ^ "AerCap Leased, Purchased and Sold 405 Aircraft in 2015". EuroInvestor. Retrieved 2016-02-25. 
  11. ^ "AerCap reports record 2015 financial results and authorizes share repurchase program of $400 million | Aviation News - daily news dedicated to the global aviation industry". www.aviationnews-online.com. Retrieved 2016-02-25. 
  12. ^ "Recent Awards — AerCap". www.aercap.com. Retrieved 2016-02-25. 
  13. ^ "Aercap places firm order for 30 Boeing 787-9s". ATW. 19 June 2017. 

External links[edit]