AerCap has rescheduled the delivery of 37 aircraft that were previously expected to be delivered in 2021 and 2022. These aircraft are now expected to be delivered in 2023 and later years.
Working in concert with the aircraft manufacturers and its airline customers, AerCap has rescheduled the delivery of over 100 aircraft that were originally planned to be delivered in 2020, 2021 and 2022.
The rescheduling of these deliveries has reduced the company’s cash capital expenditures in 2020 and 2021 by a total of approximately US$4.7 billion. AerCap currently expects to have cash capital expenditures of approximately US$1.1 billion for the remainder of 2020 and approximately US$2.5 billion for 2021. The company expects that cash capital expenditures during these years to decrease further as it continues discussions with aircraft manufacturers and customers.
All of the aircraft delivering in 2020 and 2021 have already been placed on long-term leases.
