AMSTERDAM, Netherlands, June 27 /CNW/ -- AerCap Holdings N.V. ("AerCap,"
NYSE: AER) today announced the closing of a $100 million engine acquisition
facility with a syndicate of US and German banks (Citi, BayernLB, Helaba
Landesbank Hessen-Thuringen Girozentrale, and Norddeutsche Landesbank) led by
Citi as global arranger.
The facility provides AerCap with committed funding to acquire a broad
range of spare engine types to expand AerCap's business for long term engine
leasing based in Shannon, Ireland.
The facility has an availability period of 24 months, with the option for
an additional term period of 36 months.
Tom MacAleavey, Chief Executive of Engine Leasing at AerCap said:
"This facility will allow us to expand our engine pool in order to meet
the growing demand for engine leasing in a more challenging economic
environment when airlines need to optimize their cash position and prefer to
lease spare engines rather than own them."
AerCap is an integrated global aviation company with a leading market
position in aircraft and engine leasing, trading and parts sales. AerCap also
provides aircraft management services and performs aircraft and engine
maintenance, repair and overhaul services and aircraft disassemblies. AerCap
has a fleet of 320 aircraft and 71 commercial engines that were either owned,
on order, under contract or letter of intent, or managed. AerCap is
headquartered in The Netherlands and has offices in Ireland, the United
States, Singapore, China and the United Kingdom.
This press release may contain forward-looking statements that involve
risks and uncertainties. In most cases, you can identify forward-looking
statements by terminology such as "may", "should", "expects", "plans",
"anticipates", "believes", "estimates", "predicts", "potential" or "continue"
or the negative of such terms or similar terminology. Such forward-looking
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assumptions, risks and uncertainties, and actual results may differ materially
from those in the forward-looking statements.
For Media: For Investors:
Frauke Oberdieck Peter Wortel
Tel. +31 20 655 9616 Tel. +31 20 655 9658
For further information:
For further information: Media: Frauke Oberdieck, +31 20 655 9616,
firstname.lastname@example.org; Investors: Peter Wortel, +31 20 655 9658,
email@example.com, both of AerCap