AerCap Signs Lease Agreements with New Customer Azerbaijan Airlines for Six New Airbus A320NEO Family Aircraft
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.
AerCap Holdings N.V. (NYSE: AER) ha annunciato la firma di contratti di leasing con Azerbaijan Airlines (AZAL) per sei nuovi aerei della famiglia Airbus A320NEO. L'accordo include tre A320neo e tre A321neo, tutti alimentati da motori CFM LEAP, previsti per la consegna nel 2026.
Peter Anderson, Chief Commercial Officer di AerCap, ha espresso soddisfazione nel dare il benvenuto ad AZAL come nuovo cliente, evidenziando l'A320neo e l'A321neo come aerei molto desiderabili che supporteranno la modernizzazione della flotta e l'espansione della rete di AZAL. Samir Rzayev, Presidente di AZAL, ha sottolineato che questi contratti di leasing espanderanno significativamente il loro rinnovamento della flotta, in particolare con il popolare A321neo, mirando a migliorare il comfort dei passeggeri e ad ampliare la loro rete di rotte.
AerCap Holdings N.V. (NYSE: AER) ha anunciado la firma de acuerdos de arrendamiento con Azerbaijan Airlines (AZAL) para seis nuevos aviones de la familia Airbus A320NEO. El acuerdo incluye tres A320neo y tres A321neo, todos impulsados por motores CFM LEAP, programados para entrega en 2026.
Peter Anderson, Director Comercial de AerCap, expres贸 su alegr铆a por dar la bienvenida a AZAL como nuevo cliente y destac贸 el A320neo y el A321neo como aviones muy deseables que apoyar谩n la modernizaci贸n de la flota y la expansi贸n de la red de AZAL. Samir Rzayev, Presidente de AZAL, enfatiz贸 que estos arrendamientos ampliar谩n significativamente su renovaci贸n de flota, especialmente con el popular A321neo, con el objetivo de mejorar la comodidad de los pasajeros y expandir su red de rutas.
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AerCap Holdings N.V. (NYSE: AER) a annonc茅 la signature de contrats de location avec Azerbaijan Airlines (AZAL) pour six nouveaux avions de la famille Airbus A320NEO. L'accord comprend trois A320neo et trois A321neo, tous propuls茅s par des moteurs CFM LEAP, pr茅vus pour 锚tre livr茅s en 2026.
Peter Anderson, directeur commercial d'AerCap, a exprim茅 sa joie d'accueillir AZAL en tant que nouveau client et a soulign茅 que l'A320neo et l'A321neo sont des avions tr猫s pris茅s qui soutiendront la modernisation de la flotte et l'expansion du r茅seau d'AZAL. Samir Rzayev, pr茅sident d'AZAL, a soulign茅 que ces baux permettront d'茅largir consid茅rablement le renouvellement de leur flotte, en particulier avec le populaire A321neo, dans le but d'am茅liorer le confort des passagers et d'茅largir leur r茅seau de routes.
AerCap Holdings N.V. (NYSE: AER) hat die Unterzeichnung von Leasingvertr盲gen mit Azerbaijan Airlines (AZAL) f眉r sechs neue Flugzeuge der Airbus A320NEO-Familie bekannt gegeben. Der Deal umfasst drei A320neo und drei A321neo, die alle mit CFM LEAP-Triebwerken ausgestattet sind und f眉r die Lieferung im 2026 vorgesehen sind.
Peter Anderson, Chief Commercial Officer von AerCap, 盲u脽erte sich erfreut dar眉ber, AZAL als neuen Kunden willkommen zu hei脽en und hob das A320neo und A321neo als sehr begehrte Flugzeuge hervor, die die Modernisierung der Flotte und die Netzwerkausbau von AZAL unterst眉tzen werden. Samir Rzayev, Pr盲sident von AZAL, betonte, dass diese Leasingvertr盲ge die Erneuerung ihrer Flotte erheblich erweitern werden, insbesondere mit dem beliebten A321neo, und das Ziel darin besteht, den Passagierkomfort zu erh枚hen und das Streckennetz zu erweitern.
- AerCap secures new customer Azerbaijan Airlines for lease agreements
- Deal includes six new Airbus A320NEO family aircraft (three A320neos and three A321neos)
- Aircraft deliveries scheduled for 2026, indicating future revenue stream
- Expansion of AerCap's market presence in Azerbaijan
- None.
Insights
This lease agreement for six new Airbus A320neo family aircraft is a positive development for AerCap. The deal demonstrates AerCap's ability to attract new customers and expand its portfolio with in-demand, fuel-efficient aircraft. The A320neo and A321neo are highly sought-after models, which should provide stable, long-term revenue streams for AerCap.
While the financial terms weren't disclosed, typical list prices for these aircraft models range from
The scheduled delivery in 2026 aligns with the expected recovery and growth in the aviation sector post-pandemic. This forward-looking deal showcases AerCap's strategic positioning to capitalize on the industry's rebound and airlines' need for fleet modernization.
For investors, this agreement underscores AerCap's strong market position and its ability to secure long-term, high-value contracts, which should contribute positively to future earnings and cash flows.
The lease agreement between AerCap and Azerbaijan Airlines (AZAL) is significant for several reasons:
- It marks AZAL's commitment to fleet modernization, aligning with industry trends towards more fuel-efficient aircraft.
- The choice of A320neo and A321neo aircraft reflects the airline's focus on operational efficiency and environmental sustainability.
- This deal indicates AZAL's plans for network expansion, potentially opening new routes and increasing frequencies on existing ones.
The A320neo family offers
This agreement also highlights the continued strong demand for narrowbody aircraft in the post-pandemic recovery phase, as airlines prioritize flexibility and efficiency in their fleet planning. For AerCap, securing a new customer in a growing market like Azerbaijan strengthens its global portfolio diversification.
The lease agreements were signed by Samir Rzayev, President of Azerbaijan Airlines CJSC, and Peter Anderson, Chief Commercial Officer of AerCap.
"AerCap is delighted to welcome AZAL as a new customer and support them with their ongoing fleet and network expansion," said Peter Anderson, the Chief Commercial Officer of AerCap. "The A320neo and A321neo are among the most desirable and in-demand aircraft in the world and will not only enable AZAL to serve more customers across more destinations but will also support their commitment to modernizing their fleet with the most technologically advanced fuel-efficient aircraft on the market. We wish the AZAL team every success with their expansion plans and look forward to a long and successful partnership."
"The signing of these six leases significantly expands our fleet replacement, in particular with the popular A321neo. These aircraft are intended to meet the evolving needs of our passengers, providing them with maximum comfort and convenience, while also contributing to the expansion of our airline's route network. We aim to create better travel opportunities and meet customer expectations by opening new destinations and improving service quality. In addition, the document signed with a major company like AerCap further demonstrates AZAL's strong credibility in the international aviation market," said Samir Rzayev, AZAL President.
About AerCap
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in
Forward-Looking Statements
This press release contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements". In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "should," "expect," "plan," "intend," "will," "aim," "estimate," "anticipate," "believe," "predict," "potential" or "continue" or the negatives thereof or variations thereon or similar terminology. All statements other than statements of historical fact included in this press release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors, including the impacts of, and associated responses to the Ukraine Conflict, that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.
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FAQ
How many aircraft has AerCap (AER) leased to Azerbaijan Airlines?
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