AerCap reports financial results for full year 2017

AerCap has posted fourth quarter 2017 net income of US$266.3m compared to US$364.7m for the same period in 2016. The decrease in net income was primarily due to the fact that during the fourth quarter of 2016, AerCap recognized income from lease terminations and a gain related to the repayment of a note receivable earlier than expected. Full year 2017 net income was US$1,076.2m compared to US$1,046.6m for 2016.
AerCap executed 402 aircraft transactions in 2017, including 119 widebody transactions and ordered 30 Boeing 787 aircraft and 50 Airbus A320neo Family aircraft. AerCap’s Board of Directors approved a new share repurchase program authorizing total repurchases of up to US$200m of AerCap ordinary shares through June 30, 2018.