AerCap Holdings N.V. Announces Pricing of $750 Million Aggregate Principal Amount of Fixed-Rate Reset Junior Subordinated Notes

AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust, each a wholly-owned subsidiary of AerCap Holdings N.V., priced an offering of $750 million aggregate principal amount of the Issuers' Fixed-Rate Reset Junior Subordinated Notes due 2055 (the "Notes"). The Notes will be issued with an initial interest rate of 6.950% per annum, to be reset on March 10, 2030 and every five years thereafter based on the then-prevailing five-year U.S. Treasury rate plus a spread of 2.720%. The Notes will be fully and unconditionally guaranteed on an unsecured junior subordinated basis by the Company and certain other subsidiaries of the Company.

AerCap had a busy second quarter 2024

AerCap Holdings had a busy second quarter of 2024, which saw the global leasing and aircraft management firm sign 162 lease agreements, including 6 widebody aircraft, 88 narrowbody aircraft, 47 engines and 21 helicopters.  Completed 47 purchases for 25 aircraft (including 2 Airbus A220 Family aircraft, 15 Airbus A320neo Family aircraft, 3 Airbus A330neos, 2 Boeing 737 MAX aircraft, 1 Boeing 787-9 and 2 Embraer E195-E2s for AerCap's owned aircraft portfolio), 20 engines and 2 helicopters. 

Completed 37 sale transactions for 29 aircraft (including 4 Airbus A320 Family aircraft, 9 Airbus A320neo Family aircraft, 1 Airbus A330, 7 Boeing 737NGs, 2 Boeing 737 MAX aircraft, 1 Boeing 777-300ER and 4 Embraer E190s from AerCap's owned aircraft portfolio and 1 aircraft from AerCap's managed aircraft portfolio), 7 engines (including 2 engines from AerCap's owned engine portfolio and 5 engines from AerCap's managed engine portfolio) and 1 helicopter. 

Repurchased approximately 3.9 million shares, at an average price of $88.66 per share, for a total of approximately $345 million.  Paid first quarterly cash dividend on ordinary shares of $0.25 per share.  Signed financing transactions for approximately $3.6 billion.

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, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle, Toulouse and other locations around the world.

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Turkish Airlines to lease ten new Airbus A321neo aircraft.......

AerCap has just confirmed it has reached an agreement with Turkish Airlines for the lease of ten new Airbus A321neo aircraft.

"We are very pleased to support Turkish Airlines with the lease of these ten new A321neo aircraft, helping them to continue to grow their extensive route network while modernizing their narrowbody fleet for greater operational efficiency," said Aengus Kelly, the Chief Executive Officer of AerCap. "We wish Prof. Ahmet Bolat, Mr. Levent Konukcu and the entire Turkish Airlines' management team every success and we look forward to building on our long-term partnership as these aircraft deliver, and beyond."

Commenting on the agreement, Turkish Airlines Chairman of the Board and Executive Committee, Prof. Ahmet Bolat, stated, "We are happy to further enhance our fleet with ten new Airbus A321neo aircraft through our partnership with AerCap. This addition aligns with our strategy to continue offering our passengers a modern and efficient travel experience, while supporting our ongoing expansion plans for new routes and increasing the frequency of existing ones. We look forward to strengthening our partnership with AerCap."

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JD Airlines agrees lease deal for four Boeing 737-800 converted freighters

Global aircraft leasing and management specalists, AerCap Holdings  have signed lease agreements for four 737-800 Boeing Converted Freighter (BCF) aircraft with JD Airlines, the cargo airline of JD Logistics (also known as Jingdong Logistics), which are scheduled for delivery in 2024.

The aircraft will be operated on behalf of JD Logistics, the subsidiary of JD.com, a leading supply chain-based technology and service provider in China. The aircraft will be based in Nantong Xingdong International Airport and will operate routes between the major economic hubs of Nantong, Beijing, Shenzhen, Wuxi, and across Asia.

AerCap currently has three 737-800BCF aircraft on lease to JD Airlines.

Commenting on the agreement, Rich Greener, the Head of AerCap Cargo, said, "We are delighted to announce this new agreement with JD Airlines, marking an exciting expansion of our business relationship. The addition of these four 737-800BCF aircraft to their fleet will enable JD Airlines to respond to the ever-growing demand for e-commerce and express deliveries. We wish the JD Airlines team continued success and look forward to many more years of successful collaboration."

AerCap Cargo has more than 30 years' experience in freighter leasing, including Passenger-to-Freighter (P2F) conversions, with more than 100 successful conversions.

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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. 

AerCap releases its 7th Environmental, Social, and Governance report.

AerCap Holdings has published its seventh annual Environmental, Social, and Governance ("ESG") Report, for the year ended December 31, 2023.  The report sets out in detail AerCap's commitment to growing its business in a responsible and sustainable way and includes a number of environmental, social, and governance disclosures. The ESG Report is produced with reference to the Global Reporting Initiative ("GRI") Standards. The report can be found here or on the ESG section of our website.

Key highlights of the report include:

Our ESG ratings have continued to show a positive trajectory as evidenced by our recent rating improvements. In September 2023, we were upgraded by MSCI ESG Ratings to 'AA' or 'Leader' level, and in April 2024, we were upgraded by Morningstar Sustainalytics to 'Low Risk' level.

We continued our corporate fleet modernization strategy to ensure we own the most in-demand and fuel-efficient aircraft, with ~$50 billion invested in new technology aircraft since 2014.

As of December 31, 2023, AerCap's fleet comprised of ~70% new technology aircraft by net book value and ~80% new technology engines, with an additional ~$18 billion of new technology assets on order.

Our indirect Scope 3 emissions intensity improved in 2023. We have achieved a 15% reduction in gCO2 per seat/km across our entire fleet over the last decade, notwithstanding our fleet doubling in size during this period. 

We continued to make progress on our Diversity, Equity, Inclusion and Belonging ("DEIB") framework and strategy, conducting focus groups and training sessions throughout 2023 to focus on the issues that matter most to our employees.

We had continuous engagement and collaboration with regulatory authorities and the wider aviation industry on policy and decarbonization matters through our dedicated Government Affairs & Sustainability function, aiding our situational awareness and ability to engage on key policy developments.

Together with our employees, AerCap donated over $800,000 to charitable and social causes and partnerships in 2023.

Stacey Cartwright, ESG Committee Chair, said, "We are very pleased to launch AerCap's ESG Report for the year 2023, coinciding with World Earth Day."

Corsair gets a new Airbus A330neo on lease from AerCap

Leasing giant AerCap has confirmed the delivery of the first of four new Airbus A330neo aircraft to Corsair.  The remaining three aircraft are scheduled to deliver through 2024.

"We are delighted to deliver the first of four A330neo aircraft to Corsair," said Peter Anderson, the Chief Commercial Officer of AerCap. "The A330neo is one of the most desirable and in-demand aircraft in the world and will not only support Corsair's widebody fleet modernization but will bolster their sustainability commitments by reducing emissions and enhancing operational efficiency. We wish Pascal de Izaguirre and all the team at Corsair every success and look forward to working with them as these aircraft deliver."

"With the delivery of this new A330neo aircraft, Corsair is entering the second and final phase of its fleet renewal plan. By the end of 2024, we will have added a further four new A330neos to our fleet, the first of which will be deployed to service destinations in the French West Indies, commencing March 19. Subsequently, the second aircraft is scheduled to operate between France and the Ivory Coast, commencing in April. By the end of this year, all Corsair routes will be operated by A330neo aircraft. Our fleet will be among the youngest fleet in the world, lowering the impact on the environment while enhancing our customers' travel experience," said Pascal de Izaguirre, the CEO of Corsair.

Enea Fracassi, Board Member, Chief Operating Officer of Corsair International, Fleet Director, Accountable Manager said "I can only thank the Aercap team for the professionalism and support they provide. Looking forward to receiving the next ones!"

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AerCap Holdings becomes Associate Member of the International Airlines Technical Pool (IATP)

 AerCap Holdings announced that it has become an Associate Member of the International Airlines Technical Pool (IATP), a convention of airlines and service providers sharing technical resources to generate economic savings, and support on-time dispatch reliability and operational safety.

AerCap was inducted as a member at the 129th IATP Conference in Guangzhou, China. The conference was attended by more than 400 delegates from around the world, representing member airlines and service providers, who gathered to discuss and finalize terms and conditions for pooling agreements regarding spare parts, aircraft recovery equipment and line maintenance support. 

“AerCap Materials is delighted to become an Associate Member of the IATP. This will enable us to provide greater support and collaborate with members through the IATP network of parts exchange pools,” said Aimee Craig, the CEO of AerCap Materials. “We would like to extend our thanks to the IATP Advisory Committee for this great honor, and to the existing supporters of IATP including Member and Guest Airlines, Associate Members and guest vendors who have helped us achieve this goal.” 

AerCap's major results....

AerCap, is one of the global leaders in aviation leasing with approximately 300 customers around the world released details of its fourth quarter and full-year transactions of 2023. 

Full Year 2023 Transactions

Signed 592 lease agreements, completed 173 purchases and 188 sale transactions.

 

Received cash insurance settlement proceeds of approximately $1.3 billion.

Repurchased approximately 44 million shares, at an average price of $59.09 per share, for a total of approximately $2.6 billion.

 

Signed financing transactions for approximately $13.3 billion.

Fourth Quarter 2023 Transactions

Signed 179 lease agreements, including 11 widebody aircraft, 89 narrowbody aircraft, 3 regional jets, 57 engines and 19 helicopters.

Completed 52 purchases for 24 aircraft (including 4 Airbus A220 Family aircraft, 11 Airbus A320neo Family aircraft, 6 Boeing 737 MAX aircraft and 3 Boeing 787-9s for AerCap's owned aircraft portfolio), 23 engines and 5 helicopters.

 

Completed 36 sale transactions for 20 aircraft (including 3 Airbus A220 Family aircraft, 4 Airbus A320 Family aircraft, 3 Airbus A320neo Family aircraft, 1 Airbus A330, 3 Boeing 737NGs, 1 Boeing 737-300SF, 2 Embraer E190s and 3 De Havilland Canada DHC-8s from AerCap's owned aircraft portfolio), 9 engines from AerCap's owned engine portfolio, 1 engine from AerCap's managed engine portfolio and 6 helicopters.

 

Received cash insurance settlement proceeds of approximately $609 million.

Repurchased approximately 10 million shares, at an average price of $62.86 per share, for a total of approximately $649 million.

 

Signed financing transactions for approximately $1.7 billion.

Two Airbus A321 passenger-to-freighter aircraft for Swiftair

Leasing giant, AerCap Holdings has announced it has signed lease agreements for two Airbus A321 Passenger-to-Freighter ("P2F") aircraft with Spanish cargo operator, Swiftair. The aircraft will undergo conversion by Elbe Flugzeugwerke GmbH ("EFW") at ST Engineering Aerospace in Singapore and will be delivered to Swiftair in April and June 2024, respectively. Swiftair will operate services across Europe and Africa on behalf of its international logistics customers.

"We are pleased to announce our agreement to lease two Airbus A321P2F aircraft to our long-term customer, Swiftair," said Rich Greener, the Head of AerCap Cargo. "The A321P2F is a best-in-class narrowbody freighter solution, offering superior economics in terms of fuel-efficiency and flexibility, and will allow Swiftair to continue to grow their route network. We look forward to working with the Swiftair team as these aircraft deliver."

"In line with our commitment towards more efficient and sustainable growth, we are delighted to be taking delivery of two of the most quiet and economical freighter aircraft in the world today," said Salvador Moreno, the CEO of Swiftair. "These aircraft mark a milestone in our fleet renewal program, allowing our customers to meet their carbon reduction targets and access to the most effective and reliable products in their class, available in the market today."

In 2022, AerCap announced it had placed a firm order for 15 Airbus A321-200P2F aircraft conversions and an option for a further 15 conversions with EFW.

AerCap Holdings delivers Airbus A321 Passenger-to-Freighter converted jet to IndiGo.

AerCap Holdings has delivered its first Airbus A321 Passenger-to-Freighter aircraft to IndiGo, the leasing giant confirmed this week.  The aircraft conversion was completed by Elbe Flugzeugwerke GmbH ("EFW") before being delivered to IndiGo at ST Engineering Aerospace in Singapore.

"We are delighted to celebrate the delivery of AerCap's first A321 Passenger-to-Freighter aircraft with our longstanding customer, IndiGo. The A321P2F is a best-in-class narrowbody freighter solution, offering superior economics in terms of fuel efficiency and flexibility to meet the growing demand of cargo operators," said Rich Greener, the Head of AerCap Cargo. "We wish IndiGo every success as they expand their fleet to meet their customers' freighter needs, and we thank the EFW and ST Engineering Aerospace teams for their support with this conversion program."

"We are pleased that our customer, AerCap, the world's largest aviation lessor, has taken delivery of their very first Airbus freighter for its customer IndiGo," said Jordi Boto, CEO of EFW. "We look forward to supporting AerCap's commitment to expanding its A321P2F fleet over the next two years with numerous deliveries of our freighter conversions."

In 2022, AerCap announced it had placed a firm order for 15 Airbus A321-200 P2F aircraft conversions and an option for a further 15 A321P2F conversions with EFW.

AerCap releases latest results....

AerCap Holdings, the global aviation leasing giant has just released its financial results for the third quarter of 2023 ended September 30, 2023.

The highlights for the quarter include a new $500 million share repurchase program authorized and repurchased approximately 36 million shares in the year to date.   GE's ownership decreased from 33.6% to 14.5% following a successful secondary offering in the third quarter of 2023, down from 45% at the beginning of the year.  Cash flow from operating activities was $1.3 billion for the third quarter of 2023.

As of September 30, 2023, AerCap's portfolio consisted of 3,451 aircraft, engines and helicopters that were owned, on order or managed. The average age of the company's owned aircraft fleet as of September 30, 2023, was 7.3 years (4.4 years for new technology aircraft, 14.0 years for current technology aircraft) and the average remaining contracted lease term was 7.3 years.

Aengus Kelly, Chief Executive Officer of AerCap said:  "This was another great quarter for AerCap. We generated an adjusted net income of $639 million and adjusted earnings per share of $2.81. As a result of this strong performance and our outlook for the rest of the year, we are once again raising our guidance for the year. Our underlying business continues to perform well and demand for our assets remains robust, evidenced by the significant number of transactions completed during the quarter. We are pleased to announce a new $500 million share repurchase program, taking total authorizations to $2.65 billion so far this year and underlying our confidence in the value on offer today," 

Big aircraft order for Turkish Airlines

AerCap to lease 3 new Boeing 787-9 Dreamliners
25 New 737 MAX-8 jets 

AerCap has announced that it has reached an agreement with Turkish Airlines for the lease of three new Boeing 787-9 aircraft and 25 new MAX-8 aircraft, and lease extensions for six used Airbus A330-200 aircraft. The new aircraft are scheduled to begin delivery in 2024 through 2026.

"AerCap is very pleased to announce this significant transaction with our long-term partner, Turkish Airlines," said Aengus Kelly, the Chief Executive Officer of AerCap. "These aircraft will help Turkish Airlines continue to grow their already extensive route network, while improving the operational efficiency of their fleet. I would like to thank Dr. Ahmet Bolat and Mr. Levent Konukcu and the Turkish Airlines management team for the confidence they have placed in AerCap.  We look forward to continuing to build on our strong partnership as these aircraft deliver."

"We have a unique route network boasting the world's widest network in terms of the number of countries reached. We fly to more international destinations than any other airline, and in order to strengthen this position, we are always focused on extending our fleet. At this point, we would like to thank our business partner, AerCap, and we are happy to reinforce our fruitful collaboration with them through these leasing projects," said Levent Konukcu, Turkish Airlines Chief Investment & Technology Officer.

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, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle, Toulouse and other locations around the world.

LATAM Airlines takes delivery of its first A321neo, adds 13 more to orderbook

LATAM Airlines has taken delivery of its first A321neo leased from AerCap and placed an order for 13 additional A321neo aircraft to further expand its route network and drive its regional growth. This is the first delivery of a committed backlog of 76 A321neo aircraft. In total, LATAM has 111 A320 Family aircraft to be delivered.

The newly delivered A321neo for LATAM can seat up to 224 passengers and feature Airbus’ Airspace XL bins in the cabin. The larger bins provide a 40% increase in storage space and facilitates 60% more carry-on bags, allowing a more relaxed boarding experience for passengers and cabin crews. The newly delivered A321neo flew to its destination with 49% Sustainable Aviation Fuel (SAF).

“Our fleet renewal and modernization strategy is fully aligned with our sustainability commitment and brings us closer to the goal of becoming a carbon-neutral group by 2050,” said Ramiro Alfonsín, Chief Financial Officer of LATAM Airlines Group. “We will continue to work on enhancing the current fleet with next-generation aircraft to further improve our connectivity while caring for the environment.”

“We thank LATAM for their continued confidence in our aircraft, reselecting the A321neo for its continued network growth. This strategic move also accelerates LATAM decarbonisation trajectory as the A321neos are at least 20% more fuel-efficient, emitting 20% less CO2  and 50% less noise compared to previous generation aircraft,” said Christian Scherer, Chief Commercial Officer and Head of Airbus International.

The A321neo is the largest member of Airbus’ best-selling single-aisle A320 Family. The A321neo allows operators to cover the entire market, while offering the lowest seat-mile cost of any single-aisle available. To date, more than 5,200 A321neos have been ordered by customers worldwide.

LATAM Airlines Group and its affiliates are the main group of airlines in Latin America, with presence in five domestic markets in the region: Brazil, Chile, Colombia, Ecuador and Peru, in addition to international operations throughout Europe, Oceania, the United States and the Caribbean. Today, LATAM operates 240 Airbus aircraft and is the largest Airbus operator in Latin America. In July this year, LATAM took delivery of a new Airbus A320neo, the first delivery using 30% SAF.

Airbus has sold over 1,150 aircraft in Latin America and the Caribbean. More than 750 are in operation throughout the region, with more than 520 in the order backlog, representing a market share of 58% of in-service passenger aircraft. Since 1994, Airbus has secured 75% of net orders in the region.

In 2016, Airbus became the first aircraft manufacturer to offer customers SAF at delivery flights. Today, aircraft and helicopters leave Airbus delivery centres with SAF onboard. SAF has been identified as one of the key elements in helping achieve emissions reduction goals.

AerCap agree lease deal with Airlink for three Embraer E195-E1 Aircraft with

AerCap Holdings has confirmed today the lease placements with Southern African regional carrier, Airlink,  for three used Embraer E195 aircraft. The first aircraft was delivered in March, while the second and third aircraft are scheduled for delivery in July 2023.  

"We are very pleased to welcome Airlink as a new customer to AerCap with the lease of three E195 aircraft," said Peter Anderson, the Chief Commercial Officer of AerCap. "We wish all the team at Airlink every success and look forward to working with them for many years to come."

"Airlink is on a steady growth path, expanding its network, schedule and market share.  With AerCap's support on these leases, we will be able to maintain this upward trajectory. The efficiencies derived from continuity across our fleet will help us contain costs and continue providing great value and affordable air travel to our customers." said Airlink CEO and Managing Director, Rodger Foster.

EL AL to lease two Boeing 787-9 Dreamliners from AerCap Holdings

Leasing giant AerCap Holdings confirmed at the Paris Air Show this week that it has signed lease agreements with EL AL for two new Boeing 787-9 Dreamliners. The aircraft are scheduled to be delivered in Q4 2025 and Q1 2026.

EL AL Israel Airlines was founded in November 1948 as Israel's national carrier and operated its first scheduled flight in 1949. In June 1950, EL AL began service between Tel Aviv and New York. Today EL AL, serves more than 60 international destinations in more than 35 countries.

AerCap is the world's largest 787 owner, with 126 aircraft owned, managed and on order.

Speaking during the announcement ceremony, AerCap's Chief Executive Officer Aengus Kelly said, "AerCap is delighted to partner with EL AL on this deal following the long history of successful cooperation between our two companies. We are very pleased to support EL AL's ongoing fleet modernization program with the lease of these two new 787s and help them meet their sustainability commitments. We wish Dina Ben Tal Ganancia and all the team at EL AL continued success."

Dina Ben Tal Ganancia, EL AL's Chief Executive Officer said, "As part of EL AL's strategic implementation plan, we signed an important agreement today for the lease of two new 787-9 Dreamliners, that will join EL AL's wide-body fleet in 2025 and 2026. These advanced aircrafts will be the 18th and 19th aircraft in our fleet. In order to meet our business goals, set in the strategic plan, we are required to adjust our acquisition plan, and I am pleased to sign this agreement today, which is another step towards realizing the goals for our fleet. These aircraft enable us to expand our route network and add more attractive destinations for our customers. I would like to thank our partners at AERCAP and Boeing for their support and partnership along the way.''

ASKY Airlines to lease 2 used Boeing 737 MAX jets from AerCap

ASKY Airlines signs lease deal for two Boeing 737 Max jets with AerCap

 

 

AerCap Holdings confirmed today that it has signed lease agreements for two used Boeing 737- MAX 8 jets with the Pan-African Airline, headquartered in Togo, ASKY.  AerCap advises that the aircraft are scheduled to be delivered in June and August of this year June through August 2023.

Esayas W. HAILU, the CEO of ASKY said:  "I consider it an honour to introduce state-of-the-art B737-8 MAX aircraft into the ASKY fleet, which will support our wide regional network in our continuous endeavour to serve our esteemed customers," 

Hailu believes the Boeing 737- MAX 8 jets will further enhance ASKY's brand image in the eyes of the African travelling public. 

ASKY, benefits from having Ethiopian Airlines as its strategic partner which has helped build the airline to operate a fleet comprising of twelve aircraft including, eight Boeing 737-800s and four Boeing 737-700s. The carrier services twenty-six cities in twenty-four countries within Africa. 

In attendance at the announcement ceremony was the CEO of ASKY, Esayas W. HAILU, the CEO of AerCap, Aengus Kelly, the Board Chairman of Ethiopian Airlines Group and Aviation Advisor to Togo, Mr Girma Wake, Board members of ASKY, and other distinguished guests.

"We are delighted to welcome ASKY as a new customer to AerCap and particularly pleased to place the first MAX in Togo," said Aengus Kelly, the CEO of AerCap. "AerCap is the largest lessor in Africa with 14 airline customers on the continent, and we are pleased to continue to support the growth and development of African aviation. We wish the ASKY team every success and look forward to working with them as these aircraft deliver."

Air India has leased four new Airbus A321neo aircraft from AerCap

Global leasing giant AerCap Holdings confirmed today that it has completed a mandate for the lease of four new Airbus A321neo aircraft with Air India, the flag carrier of India, following the delivery of the fourth aircraft.

The aircraft, powered by CFM LEAP-1A engines, are the first A321neo aircraft to be inducted into the Air India fleet. 

"It is a very exciting time for Air India as it returns to Tata Group ownership and transitions its fleet to meet the rapidly growing Indian aviation market.  AerCap is delighted to play a role in Air India's fleet transformation by providing its first tranche of NEO aircraft on operating lease," said Peter Anderson, the Chief Commercial Officer of AerCap. "We wish Air India and the Tata Group every success as they restore Air India to one of the world's leading airlines."

Nipun Aggarwal, Chief Commercial & Transformation Officer, Air India, said: "These four new, leased Airbus A321neo aircraft join our fast-growing fleet as part of the sweeping transformation in progress at Air India. We look forward to continuing our very successful partnership with AerCap as we go along in our continuing effort to build Air India as one of the world's finest airlines."

Founded by the legendary JRD Tata, Air India pioneered India's aviation sector. Since its first flight on October 15, 1932, Air India has an extensive domestic network and has spread its wings beyond to become a major international airline with a network across USA, Canada, UK, Europe, Far-East, South-East Asia, Australia, and the Gulf. Air India is a member of Star Alliance, the largest global airline consortium. After 69 years as a government-owned enterprise, Air India and Air India Express were welcomed back into the Tata group in January 2022. The present management at Air India is driving the five-year transformation roadmap under the aegis of Vihaan.AI to establish itself as a world-class global airline with an Indian heart.

AerCap Holdings N.V. has just published its sixth annual Environmental, Social, and Governance or ESG report,

One of the leaders in global aircraft leasing and supply, AerCap Holdings N.V. has just published its sixth annual Environmental, Social, and Governance or ESG report, for last year. 

The report shows off in some detail the company's commitment to growing its business in a responsible and sustainable way and includes a number of environmental, social, and governance disclosures. 

Key highlights of the report include:

Successfully concluded the first full year of our Board-level ESG Committee.

Owned aircraft fleet comprises ~66% fuel-efficient, new technology aircraft by net book value, furthering our progress towards achieving ~75% new technology in 2024.

Established a Government Affairs function focused on legislative developments and strategic matters related to aircraft leasing, aviation sustainability and ESG.

Signatory of Aircraft Leasing Ireland's inaugural Sustainability Charter in October 2022.

Launched a Diversity, Equity, Inclusion and Belonging ("DEIB") framework underscoring our commitment to promoting gender diversity in the aviation industry; 44% of our employees and 25% of our senior management are women.

Together with our employees, AerCap donated over $800,000 to charitable and social causes and partnerships in 2022.

"A" rating reaffirmed by MSCI ESG Ratings in December 2022.

Stacey Cartwright, Chair of the Board's ESG Committee, said, "We are pleased to launch AerCap's ESG Report for the year 2022. As the leading aviation lessor, AerCap's goal is to promote the growth of aviation globally in a sustainable manner, to ensure best-in-class governance and to attract and develop the best talent in the industry. We view sustainability as an integral part of the company's strategy which is why we established a Board-level ESG Committee in 2021. We are really pleased with the progress we have made in what was the first year of this Committee as we lead our industry towards a more sustainable future."

"2022 was a monumental year for AerCap as we successfully integrated GECAS to create an unrivalled leader in aviation with significant global reach and scale. We are at the forefront of aircraft leasing and this position underlines the leadership role we have to play in shaping the sustainability journey of our industry," said Aengus Kelly, Chief Executive Officer of AerCap. "In 2022, our team completed a record number of transactions and took delivery of 72 fuel-efficient, new technology aircraft. To date, we have now invested ~$45 billion in new technology aircraft, more than any other airline or lessor, underlining our commitment to leading-edge investment."

the full report can be found here. 

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PT Rusky Aero Indonesia to lease two Boeing 737-800BCF - converted freighters

One of the leading aircraft leasing companies, AerCap Holdings has confirmed it has signed a long-term lease deal with newly launched cargo airline, PT Rusky Aero Indonesia for two Boeing 737-800BCF cargo planes. 

The first passenger-to-freighter conversion will be completed by Boeing Shanghai Aviation Services Co. Ltd. (BSAS), and the second by Taikoo (Shandong) Aircraft Engineering Co. Ltd. (STAECO). The carrier will operate under the name of Raindo United Services - Raindo.

Attending the announcement ceremony were the Indonesian Ambassador to Singapore, His Excellency Suryo Pratomo, Founder of Raindo, Benny Rustanto and Co-Founders of Raindo, Muhammad Surya, Bambang Sujatmiko, Captain Yudhi Fadjari, Dodi Abdul Kadir, Hans Nugroho, Febiantori and AerCap's Head of Leasing Asia Pacific, Emmanuel Herinckx. 

"We are very pleased to welcome Raindo as a new customer to AerCap and to lease them their very first aircraft," said Richard Greener, the Head of AerCap Cargo.  "We wish the team every success as they launch their air cargo operations and look forward to working with them as these aircraft deliver."

Benny Rustanto, Founder of Raindo United Services, said, "On behalf of the entire organization, I would like to express our gratitude to AerCap for their continuous support and commitment to our partnership. We believe this strategic step will allow us to benefit the community, especially the MSME (Micro, Small, Medium Enterprises) industry in Indonesia, through the seamless and sustainable connectivity logistic delivery experience of Raindo United Services."

In January 2023, AerCap Cargo marked the delivery of its 50th 737-800BCF. The aircraft was redelivered to GOL Linhas Aéreas. AerCap's 737-800BCF customers include West Atlantic Group, Amazon Air, GOL, JD.com, Kargo Xpress, ASL, Tianjin Cargo and Longhao Airlines.