AerCap confirmed new engine order

AerCap Holdings has confirmed the purchase of 150 new CFM LEAP spare engines valued at approximately $3 billion at list prices. The engines will be managed by SES. SES is a 50/50 joint-venture company between Safran and AerCap. The additional engines will deliver in line with the growing fleet of in-service Boeing 737MAX and Airbus A320neo Family aircraft.  

The Board has declared the initiation of the company's first quarterly dividend on its common stock of $0.25 per share. This initial quarterly dividend is to be payable on June 13, 2024, to shareholders of record at close of business on May 22, 2024. The Board of Directors has also authorized a new $500 million share repurchase program through December 31, 2024.