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AerCap Holdings N.V. Enters Into USD2.6 Billion Purchase And Leaseback Agreement With LATAM Airlines Group For 25 Widebody Aircraft

Wednesday, 29 May 2013 09:45am EDT 

AerCap Holdings N.V. announced that it has entered into a $2.6 billion purchase and leaseback agreement with LATAM Airlines Group (LATAM) for 25 widebody aircraft, with deliveries scheduled between 2013 and 2017. The aircraft consist of nine new Airbus A350-900s, four new Boeing 787-9s, and two new Boeing 787-8s from LATAM's order backlog, and ten Airbus A330-200s with an average age of four years. The appraised value of the 25 aircraft is approximately $3 billion. AerCap will purchase the aircraft from LATAM Airlines Group and immediately lease them back to LATAM. AerCap expects to finance the aircraft with a combination of funding from the capital markets, the bank markets, and its existing warehouse facility. 

Company Quote

-0.2001 -0.41%
5 May 2015