Tag Archives: AerCap

AerCap, world’s largest 787 customer, adds 5 Boeing 787 Dreamliners

Boeing and AerCap Holdings N.V. today announced that the global lessor is growing its substantial 787 Dreamliner portfolio with an order for five additional 787-9 jets.

AerCap now has 125 787 Dreamliners in its portfolio or on order. The world’s largest 787 customer, AerCap continues to invest in the 787 family, which has received more than 700 repeat orders from 47 customers across the globe. The 787 has been the most-utilized widebody throughout the pandemic due to its efficiency, capacity and capability.

Boeing designed the 787 family with superior efficiency, which allows airlines to profitably open new routes to fly people directly where they’d like to go in exceptional comfort.

Since revenue service began in 2011, the 787 family has launched more than 325 new nonstop routes around the world, including 50 routes opened since 2020. The 787-9 can fly 296 passengers up to 7,565 nautical miles (14,010 km) in a typical two-class configuration.

AerCap signs lease agreements for 10 new Airbus A320neo aircraft and two new Airbus A330neo aircraft with ITA Airways

AerCap Holdings N.V. today announced it has signed lease agreements for ten new Airbus A320neo aircraft and two new Airbus A330neo aircraft with ITA Airways.

The aircraft are scheduled to deliver beginning in 2023 through 2024. The integration of these new aircraft is in line with the fleet plan of the Italian flag carrier.

ITA Airways aircraft photo gallery:

AerCap faces a ‘mission impossible’ recovering planes from Russia

AerCap (Dublin) is the largest aircraft leasing company.

Aercap owns 149 aircraft leased to Russian airlines and operated in Russia.

The company plans to comply with all sanctions against Russia but it faces severe challenges in recovering the leased airliners according to the Irish Times.

AerCap completes the GECAS transaction

AerCap Holdings N.V. has announced its major business transactions during the full year and fourth quarter 2021:

  • Completed the GECAS transaction on November 1, 2021, making AerCap the worldwide industry leader across all areas of aviation leasing: aircraft, engines and helicopters.
  • In December 2021, AerCap received an MSCI ESG Rating of “A,” an improvement from our previous ESG rating of “BBB.”

Full Year 2021 Transactions

  • Raised long-term funding of approximately $30.5 billionincluding $24 billion in the fourth quarter to finance the GECAS acquisition.
  • Signed 311 lease agreements.
  • Completed 65 purchases.
  • Executed 62 sale transactions.

Fourth Quarter 2021 Transactions

  • Signed 158 lease agreements, including 19 widebody aircraft and 92 narrowbody aircraft, 27 engines and 20 helicopters.
  • Completed 42 purchases for 29 aircraft (including 16 Airbus A320neo Family aircraft, 1 Airbus A220 aircraft and 5 Boeing 737 MAX aircraft for AerCap’s owned aircraft portfolio and 7 aircraft for AerCap’s managed aircraft portfolio), 5 engines and 8 helicopters.
  • Executed 30 sale transactions for 23 aircraft (including 5 Airbus A320 Family aircraft, 2 Airbus A320neo Family aircraft, 5 Boeing 737NGs, 4 Boeing 757s, 2 Boeing 737 MAX aircraft and 1 Boeing 767-300ER from AerCap’s owned aircraft portfolio and 4 aircraft from AerCap’s managed aircraft portfolio), 4 engines and 3 helicopters.

The full year and fourth quarter numbers include transactions of the combined company for the period after closing of the GECAS acquisition on November 1, 2021. Transactions prior to closing are only included for AerCap on a stand-alone basis.

AerCap delivers the first of 14 Airbus A220 aircraft to Breeze Airways

AerCap Holdings N.V.  today announced that it has delivered the first of 14 new PW1500G powered Airbus A220-300 aircraft to Breeze Airways.

 

The 14-aircraft deal comprises the sale and leaseback of 11 A220 aircraft, the second of which is scheduled to deliver this month with the remaining deliveries continuing through 2022 and 2023, and 3 aircraft owned by Einn Volant Aircraft Leasing Holdings Limited (“EVAL”), a global aircraft leasing platform and joint venture between AerCap and Caisse de dépôt et placement du Québec (“CDPQ”), a global investment group. All three aircraft will be managed by AerCap and are scheduled for delivery through 2022.

AerCap to acquire GE Capital Aviation Services (GECAS)

AerCap Holdings N.V., the global leader in aircraft leasing, announced today that it has entered into a definitive agreement with General Electric (GE) under which AerCap will acquire 100% of GE Capital Aviation Services (GECAS), a GE business.

The combined company will be an industry leader across all areas of aviation leasing, with over 2,000 owned and managed aircraft, over 900 owned and managed engines, over 300 owned helicopters and approximately 300 customers around the world.

 

AerCap signs lease agreement with Air Macau for three Airbus A321neos

AerCap Holdings N.V. has announced today that it has signed long-term lease agreements with Air Macau for three new Airbus A321neo aircraft. The agreement was signed during a ceremony in Macau to celebrate the airline’s 25th anniversary. The first aircraft is scheduled to deliver in November 2020 with the two remaining units delivering through October 2021.

In 1995, Air Macau leased their first aircraft, three Airbus A321s and one A320 from AerCap, which were the first aircraft of their type in Macau.

 

Boeing delivers the 787th 787 Dreamliner to AerCap and China Southern

Boeing's 787th Boeing 787

Boeing has delivered the 787th 787 Dreamliner to come off the production line, marking a special milestone for the super-efficient airplane family and the fastest-selling twin-aisle jet in history.

Since its first delivery in September, 2011, the 787 family has flown nearly 300 million passengers on more than 1.5 million flights around the world, including more than 210 new nonstop routes made possible by the airplane’s superior fuel efficiency and range.

The airplane was delivered to AerCap, the world’s largest lessor and 787 customer. Sporting a special logo commemorating the production milestone, the airplane will be leased and operated by China Southern, which continues to expand its long-haul fleet of 787 Dreamliners, including 10 787-8s and eight 787-9s.

China Southern Airlines first ordered 10 787-8 Dreamliners in 2005 and further increased its capability on long-haul routes when they placed an order for 787-9s in 2016.

The 787s have enabled the airline to launch a number of non-stop global routes, connecting Guangzhou to London and Rome in Europe; Vancouver, British Columbia, in North America; and Perth, Auckland, and Christchurch in the Oceania region.

About China Southern Airlines

As China’s largest airline by fleet size, China Southern Airlines currently operates more than 800 aircraft, including Boeing 787, 777, 747 and 737s. The carrier operates more than 3,000 daily flights to 224 destinations in 40 countries and regions across the world.

About AerCap

AerCap is the global leader in aircraft leasing with, as of September 30, 2018, 1,457 owned, managed or on order aircraft in its portfolio. AerCap has one of the most attractive order books in the industry. AerCap serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Dublin with offices in Shannon, Los Angeles, Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle and Toulouse.

Top Copyright Photo (all others by China Southern): China Southern Airlines Boeing 787-9 Dreamliner B-1168 (msn 38797) (787th Boeing 787) PAE (Nick Dean). Image: 944679.

China Southern Airlines aircraft slide show:

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AerCap takes delivery of its first Boeing 737 MAX for China Southern

AerCap Holdings N.V. has today announced that it has taken delivery of its first Boeing 737 MAX 8.

The aircraft will be leased to China Southern Airlines, the first of 5 aircraft to go on lease to the airline from AerCap’s 737 MAX order book with Boeing.

AerCap has a total of 104 Boeing 737 MAX aircraft owned and on order, delivering through 2022.

AerCap and China Southern Airlines have recorded several firsts in recent years. In March 2018, AerCap made history when it delivered China Southern Airlines’ first A321neo, making the airline the first operator of the aircraft type in China. In 2016, AerCap delivered the first Pratt & Whitney powered A320neo into China, to China Southern Airlines.

Photo: AerCap.

AerCap boosts Airbus A320neo portfolio by 50 aircraft

Aircraft lessor AerCap holdings N.V. has upped its Airbus A320neo portfolio after signing a firm agreement to buy 50 additional aircraft. This transaction brings AerCap’s firm orders for the A320neo Family aircraft to a total of 270, owned and on order.