AviTrader sponsorship ad

AerCap’s first quarter 2024: leases, purchases, sales and more

AerCap
© AerCap

Holdings has provided an extensive overview of its business activities during the initial quarter of 2024. Throughout this period, the company has been actively involved in various significant transactions across its diverse portfolio.

The company inked a total of 82 lease agreements, encompassing a wide array of aviation assets. These agreements included leases for six wide-body aircraft, 40 narrow-body aircraft, 26 engines and ten helicopters. Such lease agreements signify the continued demand for AerCap's offerings in the aviation leasing market.

AerCap completed 21 purchase transactions during the quarter, indicating its strategic acquisition efforts. These purchases involved a variety of aircraft types, including two -family aircraft, five Airbus -family aircraft, two Airbus A330neos, three aircraft and one Boeing 787-9, adding diversity to its owned aircraft portfolio. Additionally, the purchases encompassed six engines and two helicopters, contributing to AerCap's overall asset base.

On the sales front, AerCap executed 49 transactions, underscoring its active participation in the aircraft resale market. These sales involved a total of 35 aircraft, comprising various models such as the Airbus A320 family, Airbus A320neo family, Boeing 737NGs, Boeing 737 MAXs, Boeing 757s and Embraer E190s, both from its owned aircraft portfolio and managed aircraft portfolio. Alongside aircraft sales, AerCap also sold 13 engines from its owned engine portfolio and managed engine portfolio, as well as one helicopter.

The company undertook a significant share repurchase initiative during the quarter, demonstrating its commitment to enhancing shareholder value. Approximately 4.3 million shares were repurchased at an average price of US$77.89 per share, amounting to a total expenditure of approximately US$336 million.

Furthermore, the company engaged in financing transactions totalling around US$1.6 billion, highlighting its proactive approach to securing capital for its operations and strategic initiatives.

Share this Article
Wednesday February 12, 2025
Spirit Airlines
Spirit Airlines has provided an update on its restructuring process following a proposal from Frontier Group Holdings, the parent company of Frontier Airlines. On February 4, 2025, Frontier submitted a new restructuring proposal offering Spirit stakeholders US... Read More »
Wednesday February 12, 2025
Daniel Hoffmann (l), CEO of Etihad Engineering and Simone Totti (r), Head of Avionics Aftermarket Sales at L3Harris © Etihad Engineering
Etihad Airways Engineering (Etihad Engineering) and L3Harris Technologies (L3Harris) have announced their intention to enter into an agreement at MRO Middle East. Under this partnership, Etihad Engineering would be appointed as L3Harris' licensed repair centre... Read More »
Wednesday February 12, 2025
Bethany Little
Veryon, a provider of information services and software solutions for the aviation industry, has announced the appointment of Bethany Little as its new Chief Executive Officer (CEO). Her arrival marks a bold step forward as Veryon continues to lead innovation ... Read More »
Wednesday February 12, 2025
Air Côte d'Ivoire Airbus A320
Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) has announced the extension of its component support contract with Air Côte d'Ivoire, the flag carrier of Ivory Coast, for a further five years. This strategic partnership will support ... Read More »
Wednesday February 12, 2025
© Archer
Archer has announced a successful funding round of US$301.75 million, further strengthening its financial position and enabling the acceleration of its hybrid aircraft platform development for the defence sector and beyond. Leading institutional investors, inc... Read More »
Wednesday February 12, 2025
TARMAC Aerosave team
On 10 February 2025, during the MRO Middle East exhibition in Dubai, TARMAC Aerosave signed a contract extension with its partner and shareholder, Safran Aircraft Engines. This renewal defines the conditions for the installation of the reverse bleed system (RB... Read More »
Tuesday February 11, 2025
Air Transport Services Group (ATSG), a global powerhouse in medium wide-body freighter aircraft leasing, air transport operations, and support services, has announced that its stockholders have voted to approve the proposed merger with Stonepeak, an alternativ... Read More »
Tuesday February 11, 2025
ATS Technic and STS Aviation Services are poised to reshape the landscape of aviation maintenance in the Middle East © ATS Technic
ATS Technic, the UAE's first independent EASA-certified provider of line- and base-maintenance services, has announced a new partnership with STS Aviation Services. This collaboration marks a significant step in reshaping the aviation maintenance landscape in ... Read More »
Tuesday February 11, 2025
Southwest Airlines
Southwest Airlines has appointed Tom Doxey as Executive Vice President (EVP) & Chief Financial Officer (CFO), effective March 10. Bringing extensive experience in aviation finance, operations and strategic transformation, Doxey will play a key role in stre... Read More »
Tuesday February 11, 2025
Turkish Technic hangar © Turkish Technic
Turkish Technic, a globally renowned MRO provider, has signed agreements with IndiGo, India's largest airline, and Air India Express, a subsidiary of the Air India Group, to provide extensive MRO services for their fleets. The agreements were announced during ... Read More »
Tuesday February 11, 2025
EASA certification for the E-Freigher comes after FAA and ANAC approval in 2024
Embraer's E-Freighter, the E190F, has been fully certified by the European Union Aviation Safety Agency (EASA), allowing it to operate globally. This follows full certification from the Federal Aviation Administration (FAA) and Brazil's National Civil Aviation... Read More »
Tuesday February 11, 2025
Joramco, the Amman-based MRO facility and engineering arm of Dubai Aerospace Enterprise (DAE), has signed comprehensive agreements encompassing material support, maintenance services, and training partnerships. The agreements were formalised during MRO Middle ... Read More »
Tuesday February 11, 2025
ST Engineering has announced that its Commercial Aerospace business has secured maintenance, repair, and overhaul contracts for CFM56-7B and LEAP-1A engines from two major Middle Eastern operators. Under the multi-year agreements, ST Engineering will provide h... Read More »
Monday February 10, 2025
© Avolon
Aircraft lessors Avolon and BOC Aviation have settled lawsuits in the High Court against insurers over jets stranded in Russia after Western sanctions in 2022, the companies announced on February 7. According to REUTERS, the trial, which began last June, invol... Read More »
Monday February 10, 2025
Satys Group has opened a state-of-the-art aircraft painting hangar at DWC Airport © Satys Group
Satys Group (Satys), a French industrial group, has announced the opening of a state-of-the-art aircraft painting hangar at Dubai World Central (DWC) Airport. This cutting-edge facility highlights Satys' continued commitment to innovation and excellence within... Read More »
Monday February 10, 2025
Private equity firms Warburg Pincus and Berkshire Partners will acquire TRIUMPH through a newly formed entity © Shutterstock
TRIUMPH Group (TRIUMPH) has released that it has entered into a definitive agreement under which affiliates of growth-focused private equity firms Warburg Pincus and Berkshire Partners will acquire TRIUMPH through a newly formed entity for a total enterprise v... Read More »
Monday February 10, 2025
FL Technics LLC will provide maintenance for Fly Vaayu’s Airbus A320P2F aircraft © Airbus
FL Technics, a globally recognised provider of aviation MRO solutions, is strengthening its presence in the Middle East. This year, its subsidiary, FL Technics LLC, has begun providing fleet support for UAE-based airline Fly Vaayu, which operates across the In... Read More »
Monday February 10, 2025
Panasonic Avionics will provide in-flight entertainment maintenance support for its fleet of 32 Boeing 787 Dreamliners © Panasonic Avionics
Panasonic Avionics Corporation has signed a landmark ten-year agreement with Riyadh Air, Saudi Arabia's premium global airline, to provide in-flight entertainment maintenance support for its fleet of 32 Boeing 787 Dreamliners. As part of the deal, Panasonic Te... Read More »
Monday February 10, 2025
Groundbreaking at LTCS' facility in Tulsa © Lufthansa Technik
Lufthansa Technik Component Services (LTCS), a U.S. subsidiary of Lufthansa Technik, has commenced construction on an expansion at its facility at Tulsa International Airport. The multi-million-dollar investment is aimed at reinforcing Lufthansa Technik's posi... Read More »
Friday February 7, 2025
Honeywell intents to separate its Automation and Aerospace division © Shutterstock
Honeywell has released that its Board of Directors has completed a comprehensive evaluation of its business portfolio, a process initiated by Chairman and CEO Vimal Kapur a year ago. As a result, the company plans to pursue a full separation of its Automation ... Read More »

2023 MEDIA KIT

VP Sales & Business Development Americas
Tamar Jorssen
tamar.jorssen@avitrader.com
Phone: +1 (778) 213 8543
VP International Sales & Marketing
Malte Tamm
malte.tamm@avitrader.com
Phone: +49 (0)162 8263049

Subscribe to the most widely accepted news source in the aviation industry!


Free Daily, Weekly and MRO Publications delivered to your Inbox!
News Alerts, Editorials, Marketplace, Executive Interviews +more

Select publications:

*we respect your privacy and AviTrader will not share your email address to any 3rd Parties.