Tag Archives: AerCap

AerCap signs agreement to sell six A320s to Avolon, establishes a JV

AerCap Holdings N.V. (The Netherlands) announced it has signed an agreement with aircraft leasing company Avolon (Dublin) for the sale of six Airbus A320s. Four of the aircraft are new (2010 manufactured) and are part of the AerVenture portfolio, a joint venture between AerCap and Abu Dhabi’s investment holding company Waha Capital. The other two aircraft are owned by AerCap and were manufactured in 2008. All aircraft have been sold with leases attached.

In addition to the A320 sale, AerCap has established a joint venture with Avolon which owns three of AerCap’s A330-200 aircraft on long-term leases with Aeroflot. AerCap and Avolon will each contribute 50% of the equity required for this joint venture. AerCap will continue to manage the aircraft and the related leases.

AerCap acquires Genesis Lease, increases its portfolio to 345 aircraft

AerCap Holdings N.V. and Genesis Lease Limited announced the completion of their amalgamation, previously announced on September 18, 2009, under which Genesis shareholders will receive one AerCap ordinary share for every Genesis common share they owned.

Under the merger, Genesis became a wholly-owned subsidiary of AerCap and its shares ceased trading at the New York Stock Exchange. AerCap’s CEO Klaus Heinemann and CFO Keith Helming will lead the combined company, which has retained the name AerCap.

AerCap now has 345 commercial aircraft in their portfolio.

Genesis Lease to merge with AerCap

Genesis Lease (Shannon) will be merged with AerCap (formerly Debis AirFinance).

News link:

www.irishexaminer.com/business/kfaukfcwojey/rss2/

Strategic Airlines is a new airline from Australia

Airbus A320 F-GSTS has been painted in the new Strategic brand at Toulouse. Copyright Photo: Eurospot.

Strategic Airlines (Brisbane) is a new international airline from Australia. The company expects to commence operations this October in Europe and August in Australia. Strategic will specialize in ACMI (Aircraft, Crew, Maintenance, Insurance) operations. Two 174-seat Airbus A320s are being leased from AerCap. One A320 will be based in Europe (the company has applied for a French AOC so there will be a French subsidiary). The second A320 will be based in Brisbane and will be operated for Solomon Airlines starting on August 3, 2009. A larger Airbus A330-200 is also being leased from Swiss International Air Lines.