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AerCap Holdings N.V. (NYSE: AER) is a leading global aviation leasing company offering comprehensive fleet solutions to approximately 300 airline customers worldwide. With its headquarters in Dublin and offices across major cities such as Amsterdam, Los Angeles, Singapore, and Shanghai, AerCap provides unparalleled services in leasing, financing, sales, and management of commercial aircraft and engines.
The company's extensive portfolio includes one of the world’s largest fleets of modern, fuel-efficient aircraft. AerCap's robust long-term capital structure supports its strong profitability and cash flow. The firm is renowned for its high-quality assets, including a significant order book for new, technologically advanced aircraft that meet the industry's stringent emission standards.
Recent achievements highlight AerCap's proactive approach to market demands and sustainability. In 2024, the company signed 82 lease agreements, completed 21 aircraft purchases, and sold 49 assets. Additionally, AerCap has committed to buying 150 new CFM LEAP engines, emphasizing its focus on fuel efficiency and environmental responsibility.
AerCap's financial health is solid, demonstrated by its 2024 first-quarter net income of $604 million and strong adjusted earnings per share. The company also announced a new $500 million share repurchase program and initiated a quarterly dividend, reflecting its confidence in future cash flows and commitment to shareholder value.
Furthermore, AerCap is dedicated to ESG principles, as evidenced by its seventh annual ESG Report. The report details the company's advancements in fleet modernization, emissions reduction, and social governance initiatives, underscoring its role in promoting sustainable aviation.
Overall, AerCap continues to lead the aviation leasing industry, leveraging its strategic partnerships, innovative solutions, and strong financial foundation to meet the evolving needs of the global aviation market.
AerCap Holdings N.V. (NYSE: AER) announced a cash tender offer to purchase up to $600 million in notes from its subsidiary, AerCap Global Aviation Trust, including three series of senior notes due in 2022. The tender offers will expire on December 28, 2020, with an early tender deadline of December 11, 2020. The company intends to retire and cancel the accepted notes, leading to their delisting from Euronext Dublin. Total consideration will be calculated based on a fixed spread over a reference security, with the total amount to be determined on December 14, 2020.
AerCap (NYSE: AER) announced the filing of its interim financial report for Q3 2020 with the U.S. SEC, including unaudited condensed consolidated financial statements. This report is available on the company's website and the SEC's website. AerCap is a leader in aircraft leasing, serving around 200 clients across 80 countries.
Investors can expect detailed insights into the company's financial performance amid ongoing challenges from the Covid-19 pandemic.
AerCap Holdings N.V. (AER) reported a net loss of $850 million or $6.66 per share for Q3 2020, contrasting with a net income of $270 million or $2.01 per share in Q3 2019. Special items accounted for substantial losses, including a $973 million write-down of flight equipment and goodwill. Despite the challenging environment, AerCap's operating cash flow improved by 76% to $541 million. The company maintained a record liquidity position with over $11 billion in total sources and improved its adjusted debt/equity ratio. CEO Aengus Kelly noted a steady recovery in cash flows and opportunities in new technology aircraft.
AerCap Holdings N.V. (NYSE: AER) announced the delivery of a new Airbus A321-200Neo aircraft to Sichuan Airlines on October 28, 2020. The aircraft, powered by Pratt and Whitney engines, is on a long-term operating lease from AerCap's order book. This delivery is part of Sichuan Airlines' fleet renewal strategy, aimed at enhancing its operational efficiency and expanding its short-haul network. AerCap's President expressed satisfaction with the partnership, emphasizing continued support for Sichuan Airlines amidst global challenges.
AerCap Holdings N.V. (NYSE: AER) will host a conference call on November 10, 2020, at 8:30 a.m. ET to discuss its Q3 2020 financial results. The earnings press release will be available before market opening on the same day. Investors can access the call via phone or the company's website, where presentation slides will also be posted. AerCap, the global leader in aircraft leasing, serves approximately 200 customers across 80 countries.
AerCap Holdings N.V. (NYSE: AER) reported significant transactions for Q3 2020, including financing agreements worth $2.2 billion. The company signed leases for 28 aircraft, comprising 3 widebody and 25 narrowbody units. Additionally, AerCap purchased 9 new aircraft, predominantly from the Airbus A320neo Family and one Boeing 787-9. The company also executed sales of 7 owned aircraft, encompassing various models from Airbus and Boeing. This indicates strong operational activity despite ongoing market challenges.
AerCap Holdings N.V. (NYSE: AER) announced updated pricing terms for its debt tender offers, raising the maximum purchase cap from $1.5 billion to $1.508 billion. The company intends to buy back various series of notes after the Early Tender Deadline on October 6, 2020. All notes validly tendered will be retired and delisted from Euronext Dublin, with a scheduled settlement date of October 8, 2020. The offers are set to expire on October 21, 2020. Investors are advised to consider the terms before deciding to tender their notes.
AerCap Holdings N.V. (AER) announced early results for its debt tender offers totaling up to $1.5 billion, inviting tender for specific notes. As of the early tender deadline on October 6, 2020, approximately $1.88 billion in notes were tendered. Payment for accepted notes will occur on the early settlement date, October 8, 2020. The total consideration for each $1,000 in principal will be based on the yield of reference securities. The offers will expire on October 21, 2020, unless extended. Key lead dealers include Barclays, Deutsche Bank, and Morgan Stanley.
AerCap announced an increase in its tender offer for specific notes from $500 million to $1.5 billion. This includes changes to the financing condition, raising the gross proceeds requirement from $500 million to $1.5 billion. The offers will expire on October 21, 2020, with early tender deadlines set for October 6, 2020. A total consideration will be determined for each series of notes based on fixed spreads, with accrued interest paid as well. The purpose is to retire the maximum number of outstanding obligations.
AerCap Holdings N.V. (NYSE: AER) announced the pricing of $1.5 billion in senior notes, which includes $900 million of 3.150% Senior Notes due 2024 and $600 million of 4.625% Senior Notes due 2027. The proceeds will fund cash tender offers to purchase certain existing notes and cover related fees. Any excess funds will be allocated for general corporate purposes. The offering is backed by a registration statement filed with the SEC.
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