AerCap

AerCap Holdings N.V.
Public
Traded as NYSE: AER
Industry Aircraft Leasing
Founded 1995
Headquarters Amsterdam, Netherlands
Key people
  • Aengus Kelly CEO
  • Erwin den Dikken COO
  • Keith Helming CFO
Revenue US$ 1.05 billion (2011)[1]
US$ 225.4 million (2011) [1]
US$ 172.7 million (2011) [1]
Total assets US$ 9.1 billion (2011) [1]
Total equity US$ 2.2 billion (2011) [1]
Number of employees
345 (2011) [1]
Website www.aercap.com

AerCap (AER) is one of the world's largest aircraft leasing companies.[2] It is headquartered in the Netherlands.

On October 2005, the company securitized a portfolio of 42 aircraft worth $1.4 billion, composed of 14 A320s, 10 A321s and 8 Boeing 737s, which were on lease to 19 lessees.[3] On November 24, 2005, the company signed a letter of intent to purchase 70 Airbus A320 Family aircraft.[4] Its fleet is composed of 337[5] aircraft with a total value of US$10 billion. Of the 337, around 250[1] are owned by the company and the remaining are managed by AerCap on behalf of third party investors and companies.

On December 16, 2013, AerCap agreed to buy International Lease Finance Corporation (ILFC) with value around $5.4 billion, $3 billion is paid by cash and the rest with AerCap common shares newly issued. The deal gives AerCap $41 billion in total assets and a fleet of over 1,300 aircraft compared to GE Capital Aviation Services with a fleet of about 1,700 aircraft. It is subject to approval of AerCap's shareholders and regulatory approval which were expected to be finished in Q2 2014. American International Group as the mother of ILFC will carry of 46 percent shares of the combined company and the rest will be held by existing AerCap shareholders.[6]

Fleet

AerCap owned/on order fleet
Aircraft Owned Managed ?? Notes
Airbus A300 2 1 0
Airbus A310 1 0
Airbus A319-100 157 64 0
Airbus A320-200 291 0
Airbus A320neo 130 0
Airbus A321-200 117 0
Airbus A321neo 25 0
Airbus A330-200 78 6 0 excl. 1 Aircraft under Sale Contract
Airbus A330-300 52 0
Airbus A340 1 0
Airbus A350-900 29 0
Boeing 737 Classic 33 35 0
Boeing 737NG 393 44 0
Boeing 747 14 0 0
Boeing 757 37 0
Boeing 767 49 3 0
Boeing 777 75 4 0
Boeing 787-8 32 0
Boeing 787-9 47 0
Total 1563 157 0

References

External links