AerCap Holdings N.V. Announces Third Quarter 2009 Transactions

AMSTERDAM, Oct. 9 /PRNewswire-FirstCall/ -- AerCap Holdings N.V. ("AerCap,"
"the Company") (NYSE: AER) today announced the completion of the following
transactions during the third quarter 2009:

-- Signed new lease agreements for six aircraft and executed letters of
intent for five new aircraft leases,
-- Delivered eight aircraft and 14 engines under lease agreements,
-- Purchased six aircraft and three engines,
-- Sold three aircraft and three engines, and executed letters of intent
for the sale of five aircraft,

-- Disassembled 12 aircraft and 16 engines.

Transaction Overview Third Quarter 2009 Year To Date 2009
Owned Managed Total Owned Managed Total
Lease Agreements
Aircraft (Contracts) 6 NA 6 15 2 17
Aircraft (Letters of 2 3 5 15 2 17
Intent)
Deliveries
Aircraft 7 1 8 24 6 30
Engines 14 NA 14 41 NA 41
Purchases
Aircraft (Closed) 6 NA 6 27 NA 27
Engines (Closed) 3 NA 3 14 NA 14
Aircraft (Contract NA NA NA 3 NA 3
Signed, to be Delivered)
Engines (Contract NA NA NA 1 NA 1
Signed, to be Delivered)
Aircraft (Letters of 11 NA 11 17 NA 17
Intent)
Engines (Letters of 2 NA 2 2 NA 2
Intent)
Sales
Aircraft (Closed) 1 2 3 4 3 7
Engines (Closed) 3 NA 3 13 NA 13
Aircraft (Contract NA NA NA NA 1 1
Signed, to be Delivered)
Aircraft (Letters of
Intent) 3 2 5 3 2 5

In addition, AerCap announced in the third quarter 2009 that the Boards of
Directors of AerCap Holdings N.V. and Genesis Lease Limited had approved a
definitive agreement under which AerCap and Genesis will merge in an all
share-for-share transaction. The transaction is expected to close in the
fourth quarter of 2009.

AerCap's CEO Klaus Heinemann commented: "The third quarter 2009, while
remaining very challenging for the global aviation environment as a whole,
showed increasing signs of improvement in Asia and Latin America, and with
most of the low cost carrier sector. This improvement is resulting in more
positive demand for our marketing activities for 2010 and 2011. Both
manufacturers and export credit guarantee agencies are showing remarkable
skill in managing the tight funding situation for new aircraft deliveries,
thus protecting the solvency of their significant clients."

Klaus Heinemann added: "AerCap continued with its measured portfolio growth
during the third quarter by taking delivery of six aircraft, all term funded
and placed on profitable leases. The coming winter will remain challenging for
the entire aviation industry. Still, there are currently no indications that
the situation will deteriorate beyond last winter's challenges, which were
managed well by AerCap and most of our competitors."

Lease Activities: Contracts Signed for Six Aircraft and Fourteen Engines

New Lease Agreements

AerCap signed six new lease agreements for aircraft in the third quarter 2009:
-- Four new Airbus A320s for Frontier Airlines (U.S.A.),

-- Two new Airbus A319s for Adria Airways (Slovenia).

The average term of the six lease agreements for new aircraft signed during
the third quarter was 144.0 months. During the third quarter, AerCap also
executed letters of intent (signed and deposit paid by lessee) for five used
aircraft leases with an average lease term of 54.4 months.

AerCap also entered into 14 engine lease agreements in the third quarter and
delivered the engines to the lessees in the same period. Eleven of the leased
engines were CFM-56, two were CF6 engines, and one was a PW4000 engine.

Deliveries

AerCap completed eight aircraft deliveries in the third quarter under
previously contracted lease agreements:
-- Two new Airbus A330s for Aeroflot-Russian Airlines (Russia),
-- One new Airbus A320 for TAP (Portugal),
-- One new Boeing B737-800 for GOL (Brazil),
-- Two Airbus A320s for Strategic Airlines (France),
-- One Boeing B737-800 for Garuda Indonesia (Indonesia),

-- One Airbus A320 for TAME (Ecuador).

Purchase Activities: Six Aircraft Acquired in the Third Quarter

During the third quarter, AerCap executed an LOI to purchase a 13-aircraft
portfolio from GECAS. Two Airbus A320 aircraft from this portfolio were
acquired in the third quarter.

In addition, during the third quarter 2009, AerCap acquired one new Airbus
A320 and two new Airbus A330s under existing commitments with Airbus, and one
new Next Generation Boeing B737-800.

AerCap expanded its engine pool with the acquisition of three CFM56 engines in
the third quarter.

Sales Activities: Three Aircraft Sold in the Third Quarter 2009

During the third quarter, AerCap closed sales transactions for one Airbus
A320-200 from its owned portfolio, and one Boeing B737-300 and one McDonnell
Douglas MD83 from its managed portfolio.

In addition, AerCap executed letters of intent for the sale of three new
Airbus A330-300s from its forward order with Airbus and two older Boeing
B737-300 from its managed portfolio.

AerCap also sold three CFM56 engines from its owned engine pool.

Disassembly: Twelve Aircraft and Sixteen Engines Disassembled

In the third quarter, AerCap's subsidiary AeroTurbine disassembled nine
aircraft and six engines from its own inventory, and three aircraft and ten
engines for third parties.

Portfolio Summary

As of September 30, 2009, AerCap's portfolio consisted of 304 aircraft and 82
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

www.aercap.com

SOURCE AerCap Holdings N.V.

For Media: Frauke Oberdieck, +31-20-655-9616, foberdieck@aercap.com; or For
Investors: Peter Wortel, +31-20-655-9658, pwortel@aercap.com