AerCap has announced its major business transactions for the full year and fourth quarter of 2023:
In the full year of 2023, the company signed 592 lease agreements, completed 173 purchases and executed 188 sale transactions. They also received approximately US$1.3 billion in cash insurance settlement proceeds. AerCap repurchased around 44 million shares at an average price of US$59.09 per share, amounting to approximately US$2.6 billion. Additionally, they engaged in financing transactions worth about US$13.3 billion.
In the fourth quarter of 2023, AerCap signed 179 lease agreements, including 11 wide-body aircraft, 89 narrow-body aircraft, three regional jets, 57 engines and 19 helicopters.
The company completed 52 purchases for 24 aircraft, (including four Airbus A220-family aircraft, 11 Airbus A320neo-family aircraft, six Boeing 737 MAX aircraft and three Boeing 787-9s for AerCap’s owned aircraft portfolio), 23 engines and five helicopters. AerCap also closed 36 sale transactions involving 20 aircraft (including three Airbus A220-family aircraft, four Airbus A320-family aircraft, three Airbus A320neo-family aircraft, one Airbus A330, three Boeing 737NGs, one Boeing 737-300SF, two Embraer E190s and three De Havilland Canada DHC-8s from AerCap’s owned aircraft portfolio), nine engines, one engine from its managed engine portfolio and six helicopters.
Furthermore, AerCap received approximately US$609 million in cash insurance settlement proceeds and repurchased around 10 million shares at an average price of US$62.86 per share, totalling approximately US$649 million. AerCap engaged in financing transactions worth approximately US$1.7 billion during the fourth quarter of 2023. (£1.00 = US$1.26 at time of publication.)
