AerCap Holdings N.V. Announces Second Quarter 2009 Transactions

AMSTERDAM, July 14 /PRNewswire-FirstCall/ -- AerCap Holdings N.V. ("AerCap,"
"the Company") (NYSE: AER) today announced the completion of the following
aircraft and engine transactions during the second quarter 2009:

-- Signed new lease agreements for nine aircraft and executed letters of
intent for 21 new aircraft leases,
-- Delivered nine aircraft and 19 engines under lease agreements,
-- Purchased eleven aircraft and seven engines,

-- Sold three aircraft and six engines.

Transaction Overview Second Quarter 2009 Year To Date 2009

Owned Managed Total Owned Managed Total

Lease Agreements
Aircraft (Contracts) 7 2 9 9 2 11
Aircraft (Letters of
Intent) 20 1 21 20 1 21

Deliveries
Aircraft 7 2 9 17 5 22
Engines 19 NA 19 27 NA 27

Purchases
Aircraft (Closed) 11 NA 11 21 NA 21
Engines (Closed) 7 NA 7 11 NA 11
Aircraft (Contract Signed,
to be Delivered) 1 NA 1 4 NA 4
Engines (Contract Signed,
to be Delivered) NA NA NA 1 NA 1
Aircraft (Letters of
Intent) 6 0 6 6 0 6

Sales
Aircraft (Closed) 3 NA 3 3 1 4
Engines (Closed) 6 NA 6 10 NA 10
Aircraft (Contract Signed,
to be Delivered) NA 2 2 NA 2 2
Aircraft (Letters of
Intent) NA 1 1 0 1 1

In addition, AerCap announced the completion of the following transactions:

-- Signed a joint-venture agreement with Waha Capital for a 50/50 joint
investment in AerVenture (previously disclosed),
-- Signed a facility agreement with a German bank for a $221 million
pre-delivery financing of ten A330 aircraft (previously disclosed),

-- Closed on the funding ($466.5 million) of the initial 15 A320 aircraft
in its ALS II facility, which allows for funding of a total of 30 A320
aircraft.

AerCap's CEO Klaus Heinemann commented: "The second quarter of 2009 was
highlighted by a number of important milestones for AerCap's solid standing
during the current global economic crisis. With Waha Capital, we found an
experienced and sound new partner for our Airbus A320 joint venture company
AerVenture. We completed the remaining pre-delivery payment financing
requirements for our existing order book. We essentially placed all remaining
aircraft from our order book with airlines. We sold three aircraft, all above
net book value demonstrating that, even in today's market, net book values for
these aircraft remain below market values."

Klaus Heinemann added: "The remainder of 2009 will continue to be very
challenging with many of our airline clients experiencing tough market
conditions but we remain confident that 2010 will show signs of significant
market recovery."

Lease Activities: Contracts Signed for Nine Aircraft and 19 Engines

New Lease Agreements

AerCap signed nine new lease agreements for aircraft in the second quarter
2009:
-- Three new Airbus A320s for Frontier Airlines (U.S.A.),
-- Two new Airbus A330s for P.T. Garuda Indonesia (Indonesia),
-- One new Airbus A320 for Aigle Azur (France),
-- Two Airbus A320s for Strategic Airlines (France),

-- One Airbus A320 for TAME (Ecuador).

The average term of the six lease agreements for new aircraft signed during
the second quarter was 112.0 months. The average term of the three lease
agreements for the used aircraft was 43.7 months. During the second quarter,
AerCap also executed letters of intent (signed and deposit paid by lessee) for
20 new aircraft leases with an average lease term of 140.4 months and for one
used aircraft lease with a lease term of 48 months.

AerCap also entered into 19 engine lease agreements in the second quarter and
delivered the engines to the lessees in the same period. Thirteen of the
leased engines were CFM-56, two were CF6 engines, two were V2500, one was a
CF34 and one was a PW4056 engine.

Deliveries

AerCap completed nine aircraft deliveries in the second quarter under
contracted lease agreements:
-- One new Airbus A320 for Air France (France),
-- One new Airbus A320 for Air Arabia (United Arab Emirates),
-- One new Airbus A320 for TAP (Portugal),
-- One new Airbus A330 for Asiana Airlines (Korea),
-- One new Airbus A330 for Aeroflot-Russian Airlines (Russia),
-- One new Airbus A330 for P.T. Garuda Indonesia (Indonesia),
-- One Boeing B737-400 for Aeroflot-Don (Russia),
-- One Boeing B737-400 for P.T. Metro Batavia (Indonesia),

-- One Boeing B737-500 for Aeroflot-Nord (Russia).

Purchase Activities: Eleven Aircraft Acquired in the Second Quarter

During the second quarter, AerCap acquired four new Airbus A320s and three new
Airbus A330s under existing commitments with Airbus, and four vintage Airbus
A320s for its subsidiary AeroTurbine.

In addition to the completed purchase activities above, AerCap has executed an
agreement for the acquisition of one Airbus A320 aircraft and a letter of
intent for the acquisition of six new A330-300s.

AerCap expanded its engine pool with the acquisition of three CFM-56 and four
CF6 engines in the second quarter.

Sales Activities: Three Aircraft Sold in the Second Quarter 2009

AerCap closed sales transactions for two A321s and one new A320 for its owned
portfolio in the second quarter 2009.

In addition, during the second quarter 2009, AerCap executed agreements for
the sale of one older McDonnell Douglas MD82 and one MD83 from its managed
portfolio and a letter of intent for the sale of one Boeing B737-300 from its
managed portfolio.

AerCap also sold four CFM-56 engines, one V2500 and one JT8D from its owned
engine pool.

Portfolio Summary

As of June 30, 2009, AerCap's portfolio consisted of 290 aircraft and 79
engines that were either owned, on order, under contract or letter of intent,
or managed.

The information above includes transactions completed by AerCap and
AeroTurbine, AerCap's subsidiary which focuses on engine leasing and trading,
airframe and engine disassembly, part sales and MRO services.

About AerCap

AerCap is an integrated global aviation company with a leading market position
in aircraft and engine leasing, trading and parts sales. AerCap also provides
aircraft management services and performs aircraft maintenance, repair and
overhaul services and aircraft disassemblies through its certified repair
stations. 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.

For Media: For Investors:
Frauke Oberdieck Peter Wortel
Tel. +31 20 655 9616 Tel. +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.