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AerCap Holdings N.V. (NYSE: AER) is a leading global aviation leasing company offering comprehensive fleet solutions to approximately 300 airline customers worldwide. With its headquarters in Dublin and offices across major cities such as Amsterdam, Los Angeles, Singapore, and Shanghai, AerCap provides unparalleled services in leasing, financing, sales, and management of commercial aircraft and engines.
The company's extensive portfolio includes one of the world鈥檚 largest fleets of modern, fuel-efficient aircraft. AerCap's robust long-term capital structure supports its strong profitability and cash flow. The firm is renowned for its high-quality assets, including a significant order book for new, technologically advanced aircraft that meet the industry's stringent emission standards.
Recent achievements highlight AerCap's proactive approach to market demands and sustainability. In 2024, the company signed 82 lease agreements, completed 21 aircraft purchases, and sold 49 assets. Additionally, AerCap has committed to buying 150 new CFM LEAP engines, emphasizing its focus on fuel efficiency and environmental responsibility.
AerCap's financial health is solid, demonstrated by its 2024 first-quarter net income of $604 million and strong adjusted earnings per share. The company also announced a new $500 million share repurchase program and initiated a quarterly dividend, reflecting its confidence in future cash flows and commitment to shareholder value.
Furthermore, AerCap is dedicated to ESG principles, as evidenced by its seventh annual ESG Report. The report details the company's advancements in fleet modernization, emissions reduction, and social governance initiatives, underscoring its role in promoting sustainable aviation.
Overall, AerCap continues to lead the aviation leasing industry, leveraging its strategic partnerships, innovative solutions, and strong financial foundation to meet the evolving needs of the global aviation market.
AerCap Holdings N.V. announced the pricing of $1.5 billion in senior notes through its subsidiaries AerCap Ireland Capital and AerCap Global Aviation Trust. The offering consists of $750 million of 4.875% Senior Notes due 2028 and $750 million of 5.375% Senior Notes due 2031.
The notes will be fully guaranteed on a senior unsecured basis by AerCap and certain subsidiaries. The net proceeds will be used for general corporate purposes, including aircraft asset acquisition, investment, financing, and debt repayment.
The offering is being managed by joint book-running managers Citigroup, Deutsche Bank Securities, Barclays, Credit Agricole CIB, and TD Securities. The company filed a registration statement with the SEC that became effective on October 18, 2024.
AerCap Holdings N.V. (NYSE: AER) has reported significant business activities for 2024. Throughout the year, the company executed 496 lease agreements, 150 purchases, and 166 sale transactions. The company secured financing transactions worth approximately $17.5 billion and conducted share repurchases of about 16.8 million shares at $87.80 per share, totaling $1.5 billion.
In Q4 2024, AerCap signed 92 lease agreements across various aircraft types, completed 41 purchases including diverse aircraft models, and executed 55 sale transactions. The quarter saw financing transactions of approximately $1.8 billion, share repurchases of 3.1 million shares at $94.74 per share totaling $297 million, and paid a quarterly dividend of $0.25 per share.
AerCap Holdings N.V. (NYSE: AER) has announced a sale and leaseback agreement with TAAG Angola Airlines for one new Boeing 787-9 aircraft, scheduled for delivery in February 2025. This marks TAAG's first 787 acquisition through a lessor and represents a significant step in the airline's fleet modernization program.
The agreement aims to help TAAG expand its network across Africa, Europe, and Asia using one of the market's most fuel-efficient widebody aircraft. The deal is notable as it establishes TAAG Angola Airlines as a new customer for AerCap and introduces the 787 model to TAAG's fleet.
AerCap Holdings N.V. (NYSE: AER) has announced new lease agreements for two Boeing 737-800 aircraft with Aloula Aviation, a subsidiary of Aramco. The aircraft will be used for transporting Aramco Group passengers in Saudi Arabia. This deal expands AerCap's existing relationship with Aramco, which was previously focused on helicopter leasing through Milestone Aviation. The agreement represents Aloula Aviation's first directly leased aircraft for passenger operations in Saudi Arabia.
AerCap Holdings N.V. (NYSE: AER) has announced the filing of its interim financial report for the third quarter ended September 30, 2024. The report, which includes unaudited condensed consolidated financial statements and notes, has been filed with the U.S. Securities and Exchange Commission. The Form 6-K filing is accessible through AerCap's website investor section and the SEC's website.
AerCap Holdings reported strong Q3 2024 financial results with net income of $375 million, or $1.95 per share, and adjusted net income of $463 million, or $2.41 per share. The company achieved a 99% utilization rate and 27% gain-on-sale margin. Operating cash flow reached a record $5.6 billion for the last twelve months. Basic lease rents were $1,605 million, up 2% year-over-year. AerCap increased its full-year 2024 adjusted earnings guidance from $10.25 to $10.70 per share and authorized a new $500 million share repurchase program.
AerCap Holdings N.V. (NYSE: AER) has announced its plans to release third quarter 2024 financial results on October 30, 2024. The company will host a conference call and webcast for investors and analysts on the same day at 8:30 a.m. Eastern Time. The earnings press release will be available before U.S. financial markets open, and presentation slides will be posted on AerCap's website.
Interested parties can access the call live by dialing +1 646 828 8193 (U.S./Canada) or +353 1 246 5638 (International) with the code 7036670. Alternatively, the webcast can be accessed through AerCap's website. A replay of the webcast will be archived on the company's website for one year.
AerCap Holdings N.V. (NYSE: AER) has reported significant business activities for the third quarter of 2024. The company signed 160 lease agreements, including 13 widebody aircraft, 107 narrowbody aircraft, 24 engines, and 16 helicopters. AerCap also completed 41 purchases, comprising 27 aircraft, 13 engines, and 1 helicopter. Additionally, the company executed 25 sale transactions involving 18 aircraft, 3 engines, and 4 helicopters.
In terms of financial activities, AerCap signed financing transactions totaling approximately $10.5 billion, which included $2.4 billion of senior unsecured notes. The company also repurchased about 5.5 million shares at an average price of $91.03 per share, amounting to approximately $497 million. Furthermore, AerCap paid a quarterly cash dividend of $0.25 per ordinary share.
AerCap Holdings N.V. (AER) has successfully completed its inaugural $500 million Sukuk issuance, priced at a 4.500% profit rate with a five-year maturity. The trust certificates were issued by Aercap Sukuk The company plans to use the net proceeds for general corporate purposes, including acquiring, investing in, financing or refinancing aircraft assets and repaying indebtedness.
Arab Banking (B.S.C.) acted as Arranger and Joint Lead Manager, while Dubai Islamic Bank PJSC, Emirates NBD Bank PJSC, HSBC Bank plc, J.P. Morgan Securities plc, and KFH Capital Investment Company K.S.C.C. served as Joint Lead Managers. Warba Bank K.S.C.P. acted as Co-Lead Manager for the issuance.
AerCap Holdings N.V. (NYSE: AER) has announced the signing of lease agreements with Azerbaijan Airlines (AZAL) for six new Airbus A320NEO family aircraft. The deal includes three A320neos and three A321neos, all powered by CFM LEAP engines, scheduled for delivery in 2026.
Peter Anderson, Chief Commercial Officer of AerCap, expressed delight in welcoming AZAL as a new customer and highlighted the A320neo and A321neo as highly desirable aircraft that will support AZAL's fleet modernization and network expansion. Samir Rzayev, AZAL President, emphasized that these leases will significantly expand their fleet replacement, particularly with the popular A321neo, aiming to enhance passenger comfort and expand their route network.