AerCap Holdings N.V. announced the completion of the following transactions during the fourth quarter 2008:
AerCap signed new lease agreements for 14 aircraft:
Three new Airbus A330 for Air China (China),
Three new Airbus A330 for Sichuan Airlines (China),
Three new Airbus A320 for Air One (Italy),
Three Boeing B737-400 for P.T. Metro Batavia (Indonesia),
One Boeing B767-300 for North American Airlines (USA),
One Boeing B767-300 for Aeromexico (Mexico).
delivered 12 aircraft and nine engines under lease agreements:
Three new Airbus A320 for Air One (Italy),
Two new Airbus A320 for Aeroflot-Russian Airlines (Russia),
Two new Airbus A330 for Aeroflot-Russian Airlines (Russia),
One Boeing B737 for Aeroflot-Don (Russia),
One Boeing B737 for P.T. Metro Batavia (Indonesia),
One Boeing B737 for Ukraine International Airlines (Ukraine),
One Airbus A319 for Turk Hava Yollari/THY Turkish Airlines (Turkey),
One McDonnell Douglas MD-11F for Centurion Air Cargo, Inc. (USA).
During the fourth quarter, AerCap acquired five new Airbus A320s and two new A330s under existing commitments with Airbus. In addition AerCap acquired four older Airbus A320s for disassembly by its subsidiary AeroTurbine. AerCap also bought out a joint venture partner’s share in two Airbus A330-300 aircraft and became the sole owner of these aircraft. These aircraft were re-financed at a significantly higher advance rate, generating additional cash.
AerCap expanded its engine pool with the acquisition of three CFM-56 engines, two PW4170 engines and one CF6-80 engine in the fourth quarter.
Additionally to the completed purchase activities above, AerCap signed letters of intent to purchase two B767-200 aircraft. AerCap closed three aircraft sales transactions in the fourth quarter 2008, two of which were from its owned portfolio and one from its managed portfolio:
One new Airbus A330 (owned),
One new Airbus A320 (owned),
One McDonnell Douglas MD83 (managed).
, purchased 11 aircraft and six engines,
sold three aircraft and five engines, disassembled two aircraft and seven engines.
