23 Mar 2020

Irish Aircraft Leasing Newsletter 23 March

AerCap Holdings N.V. Revolving Credit Facility Update AerCap announced that AerCap Holdings N.V. and certain of its subsidiaries are party to a $4.0 billion unsecured revolving credit facility with a syndicate of financial institutions that matures in February 2024. Aengus Kelly, CEO of AerCap, said “We have decided to take this action as a precautionary measure, given recent market volatility. As I said earlier this week at an industry conference, AerCap continues to maintain a strong liquidity and financial position, with $28.2 billion of unencumbered assets and $8.2 billion of available liquidity as of December 31, 2019.” AerCap Signs Lease Agreement with euroAtlantic Airways for 2 Boeing 787-8 Aircraft AerCap announced it has signed an agreement with euroAtlantic Airways, a leading provider of ACMI services as well as charter aviation services, for the lease of two used Boeing 787-8 aircraft. The aircraft are scheduled to deliver in the spring of 2021, and will be the first 787s to be based in Portugal. “We are delighted to support euroAtlantic with two 787-8s, making them the first 787 operator in Portugal,” said Aengus Kelly, CEO of AerCap. “With these new aircraft, euroAtlantic will provide next generation widebody ACMI services to the global market while at the same time enhancing their fleet operations. We wish euroAtlantic every success and we look forward to working with them, together with the Boeing team, as these aircraft deliver.” NAC delivered one ATR 72-600, MSN 1133, to Caribbean Airlines on lease Nordic Aviation Capital (NAC) confirmed the delivery of one ATR 72-600, MSN 1133, to Caribbean Airlines on lease. Caribbean Airlines intends to operate the aircraft on its regional and domestic flights. Nordic Aviation Capital delivered one ATR 72-500, MSN 761, to HEVILIFT on lease Nordic Aviation Capital (NAC) confirmed that it has delivery of one ATR 72-500, MSN 761, to HEVILIFT on lease. “We’re sick and tired of new technologies:” Avolon CEO Read more here Acumen Aviation © 23 March 2020 All Rights Reserved.