AerCap Signs Lease Agreements for Three New Boeing 737 MAX Aircraft and Two Boeing 737NG Aircraft with New Customer FlySafair

Rhea-AI Summary

AerCap (NYSE: AER) signed lease agreements with FlySafair for a total of five aircraft: three Boeing 737 MAX 8 and two Boeing 737-800NG. The agreement was announced at the Dubai Airshow 2025.

Delivery timing: the two Boeing 737-800NG are expected beginning Q3 2026, and the three 737 MAX 8 are scheduled beginning Q1 2028. AerCap said the leases support FlySafair's fleet modernization and plans to introduce the 737 MAX into its operations.

Positive

• 3 Boeing 737 MAX 8 leased; deliveries from Q1 2028
• 2 Boeing 737-800NG leased; deliveries from Q3 2026
• FlySafair onboarded as a new AerCap customer
• Agreement supports FlySafair fleet modernization and sustainability

Negative

• None.

DUBAI, UAE, Nov. 18, 2025 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) today announced it has signed lease agreements with FlySafair for three new Boeing 737 MAX 8 aircraft, which are scheduled for delivery beginning Q1 2028, and two Boeing 737-800NG aircraft, expected to deliver beginning Q3 2026. The transaction was announced at the Dubai Airshow 2025. 

"We are very pleased to welcome FlySafair as a new customer to AerCap, and to support their fleet modernization plan," said Peter Anderson, the Chief Commercial Officer of AerCap. "We thank the team at FlySafair for their partnership and wish them every success as they expand their network to meet growing customer demand."

"We're thrilled to embark on this next stage of our fleet development with AerCap as we introduce the Boeing 737 MAX to our operations. This partnership represents a meaningful investment in efficiency, sustainability, and passenger experience," said Kirby Gordon, Chief Marketing Officer at FlySafair.

"The addition of three 737 MAX airplanes marks a significant step in FlySafair's fleet modernization journey, enabling them to enhance operational efficiency and meet growing demand for air travel," said Anbessie Yitbarek, Vice President Sales and Marketing for Africa, Boeing Commercial Airplanes. "With this agreement, FlySafair will join the more than 80 airlines that fly the 737 MAX to destinations around the world. We appreciate AerCap for facilitating this partnership."

About AerCap

AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Memphis, Miami, Singapore, London, Dubai, Shanghai, Amsterdam and other locations around the world.

About FlySafair

FlySafair, Southern Africa's leading low-cost carrier and proud Trusted Domestic Carrier for the Springboks Rugby Team and the Proteas Cricket Team, offers budget-friendly flights for domestic travel between ten local airports. FlySafair also operates five international routes, connecting South Africa with our African neighbours. Operations began in 2014, and the airline has again been ranked the top on-time low-cost airline in the Africa and Middle East by Cirium for 2024.

Forward-Looking Statements

This press release contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements". In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "should," "expect," "plan," "intend," "will," "aim," "estimate," "anticipate," "believe," "predict," "potential" or "continue" or the negatives thereof or variations thereon or similar terminology. All statements other than statements of historical fact included in this press release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements, including but not limited to the availability of capital to us and to our customers and changes in interest rates; the ability of our lessees and potential lessees to make lease payments to us; our ability to successfully negotiate flight equipment (which includes aircraft, engines and helicopters) purchases, sales and leases, to collect outstanding amounts due and to repossess flight equipment under defaulted leases, and to control costs and expenses; changes in the overall demand for commercial aviation leasing and aviation asset management services; the continued impacts of the Ukraine Conflict, including the resulting sanctions by the United States, the European Union, the United Kingdom and other countries, on our business and results of operations, financial condition and cash flows; the effects of terrorist attacks on the aviation industry and on our operations; the economic condition of the global airline and cargo industry and economic and political conditions; the impact of hostilities in the Middle East, or any escalation thereof, on the aviation industry or our business; trade tensions, including U.S. tariffs and retaliatory measures by China and other countries, and the resulting geopolitical uncertainty; development of increased government regulation, including travel restrictions, sanctions, regulation of trade and the imposition of import and export controls, tariffs and other trade barriers; a downgrade in any of our credit ratings; competitive pressures within the industry; regulatory changes affecting commercial flight equipment operators, flight equipment maintenance, engine standards, accounting standards and taxes; and disruptions and security breaches affecting our information systems or the information systems of our third-party providers.

As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. These and other important factors and risks are discussed in AerCap's annual report on Form 20-F and other filings with the United States Securities and Exchange Commission. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information regarding AerCap and to be added to our email distribution list, please visit www.aercap.com.

 

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SOURCE AerCap Holdings N.V.

FAQ

What aircraft did AerCap (AER) lease to FlySafair and in what quantities?

AerCap leased three Boeing 737 MAX 8 and two Boeing 737-800NG to FlySafair.

When will the FlySafair Boeing 737-800NG and 737 MAX deliveries begin?

The two 737-800NG deliveries are expected beginning Q3 2026; the three 737 MAX 8 deliveries begin Q1 2028.

Where was the AerCap and FlySafair lease agreement announced?

The transaction was announced at the Dubai Airshow 2025.

How does the lease deal affect FlySafair's fleet plans?

The leases introduce the 737 MAX to FlySafair and support its fleet modernization and efficiency goals.

Is FlySafair a new customer for AerCap (AER)?

Yes. AerCap confirmed FlySafair is a new customer under these lease agreements.