AMSTERDAM, Nov. 6 /PRNewswire-FirstCall/ -- AerCap Holdings N.V. ("AerCap",
NYSE: AER) today announced that it has signed a series of agreements with
China Development Bank which provides funding for $86 million of pre-delivery
payments and a $272 million long term funding facility covering four new
Airbus A330 aircraft with deliveries scheduled in 2010 and 2011. The four
aircraft are part of AerCap's 30 A330 order placed in 2006/2007 with
deliveries scheduled until 2012.
Keith Helming, Chief Financial Officer of AerCap said: "AerCap is delighted to
enter the rapidly developing Chinese aviation financing market with an
agreement to provide $358 million of funding for four of our A330s. China is
becoming increasingly involved in international aircraft funding, and China
Development Bank is becoming recognized as one of the premier players in
aviation financing. We are delighted to be broadening our sources of capital
with them through this important milestone transaction."
About AerCap
AerCap is an integrated global aviation company with a leading market position
in aircraft and engine leasing, trading and parts sales. The company also
provides aircraft management services and performs aircraft maintenance,
repair and overhaul services and aircraft disassemblies. AerCap is
headquartered in The Netherlands and has offices in Ireland, the United
States, Singapore, China and the United Kingdom.
This press release may contain forward-looking statements that involve risks
and uncertainties. In most cases, you can identify forward-looking statements
by terminology such as "may", "should", "expects", "plans", "anticipates",
"believes", "estimates", "predicts", "potential" or "continue" or the negative
of such terms or similar terminology. Such forward-looking statements are not
guarantees of future performance and involve significant assumptions, risks
and uncertainties, and actual results may differ materially from those in the
forward-looking statements.
Contact for Media: Contact for Investors:
Frauke Oberdieck Peter Wortel
+31 20 655 9616 +31 20 655 9658
foberdieck@aercap.com pwortel@aercap.com
SOURCE AerCap Holdings N.V.
Media: Frauke Oberdieck, +31-20-655-9616, foberdieck@aercap.com, or Investors,
Peter Wortel, +31-20-655-9658, pwortel@aercap.com, both of AerCap Holdings
N.V.
