AerCap Signs $200 Million Pre-Delivery Payment Facility for Boeing 737-800s
This funding facility completes all of AerCap's pre-delivery payment requirements for its ten Boeing 737-800 aircraft order. This order was placed in 2010 with deliveries scheduled during 2015.
Paul Rofe, Group Treasurer of AerCap said: "We are pleased to have pre-delivery funding in place for these committed Boeing 737-800 purchases. Having the lessees already in place for these aircraft was instrumental in helping us source this financing. The current transaction further strengthens our important relationship with DBS Bank who, as one of the major participants in aviation financing, has supported AerCap's business model in the past through the provision of various other facilities."
In total, AerCap has now raised $1.5 billion of debt financing during 2012.
AerCap is one of the world's leading aircraft leasing companies and has one of the youngest fleets in the industry. AerCap has $10 billion of assets and a fleet of 337 aircraft. AerCap is a New York Stock Exchange-listed company (AER) and has its headquarters in the Netherlands with offices in Ireland, the United States, China, Singapore and the United Arab Emirates.
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Source: AerCap Holdings N.V. via Thomson Reuters ONE
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