08 Jun 2020

Irish Aircraft Leasing Newsletter 8 June

AerCap Holdings N.V. Announces Pricing of $1.250 Billion Aggregate Principal Amount of Senior Notes AerCap has announced that AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust each a wholly-owned subsidiary of AerCap, priced their offering of senior notes, consisting of $1.250 billion aggregate principal amount of 6.50% Senior Notes due 2025. The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by the Company and certain other subsidiaries of the Company. The Issuers intend to use the net proceeds from the Notes for general corporate purposes. Low-cost carriers positioned to lead airline industry's recovery -  SMBC Aviation Capital CEO Peter Barrett SMBC Aviation Capital CEO Peter Barrett said there are early signs of recovery in air travel demand in Asia and predicted low-cost carriers will lead the industry's recovery. "The strong will get stronger. The ones that do well will take market share. They are going to grow again in a couple of years. Once flying returns, airlines are going to have to discount to get people back on aircraft. They are going to have to sell cheaper tickets to encourage and stimulate demand." SMBC eyes purchase and leaseback opportunities as airlines face finance crunch    SMBC Aviation Capital’s efforts to its support customers impacted by the coronavirus crisis have included purchase and leaseback deals where airlines are in need of financial support reported Flightglobal 3 June. Acumen Aviation © 8 June 2020 All Rights Reserved.