AerCap Leases, Purchases and Sells a Combination of 70 Aircraft in Q1/21
APR 8, 2021 - 6:38 am
AerCap signed lease agreements for 60 aircraft, including 28 widebody aircraft and 32 narrowbody aircraft, during Q1/21. In addition, AerCap purchased one Embraer E2 and executed sale transactions for nine aircraft, including two Airbus A320 family aircraft, one Airbus A330, two Boeing 737NGs, one Boeing 787-8 and three Boeing 767-300ERs from AerCap’s owned portfolio.
During the quarter, AerCap also issued $1 billion of five-year senior unsecured notes with a 1.75% coupon and entered into a definitive agreement with General Electric under which AerCap will acquire 100% of GE Capital Aviation Services, a GE business, as previously announced. Furthermore, AerCap entered into a bridge credit agreement, term loan agreement and revolving credit agreement for an aggregate amount of $28.4 billion associated with the acquisition of GECAS.
AerCap is an aircraft lessor.
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
“DE&I is about building corporate strength and success, embracing the future and embracing the talent that will lead to the ultimate success and longevity of an organization.” Melba Hughes began her diversity, equity and inclusion (DE&I) work three decades ago.... read more
“If a company is looking to make the most of its DE&I attempts, it should first ask, “Why? Why does this matter to the business? Why does this matter to us as individuals?” Being specific about the “why” leaves little... read more