AirCap signed new lease agreements for 23 aircraft, delivered seven aircraft and ten engines under lease agreements, purchased 19 aircraft, sold eight aircraft, and disassembled three older aircraft.
In addition to transactions closed in the first quarter 2008, AerCap closed two financing transactions during April 2008 which increased available funding by $338 million. These debt facilities will be used for the financing of pre-delivery payments on new A320 family aircraft and A330 aircraft on order from Airbus. With the pre-delivery debt facility for the A320 aircraft, AerVenture, AerCap’s joint venture with Load Air and Al Fawares of Kuwait, has now secured pre-delivery payment debt facilities for all remaining A320 aircraft on order.
