Aercap Signs Two Debt Facility Agreements; $846 Million Eca A320 Delivery Funding Facility And $86 M

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13th March 2009, 09:34am - Views: 665





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AerCap Signs Two Debt Facility Agreements; $846 Million ECA A320 Delivery Funding Facility

and $86 Million A330 Pre-delivery Payment Funding Facility


AMSTERDAM, March 13 /PRNewswire-AsiaNet/ --


    AerCap Holdings N.V. ("AerCap", NYSE: AER) today announced that AerVenture Limited, its

consolidated joint venture, has signed a facility agreement with Calyon S.A. and other banks and

financial institutions, outlining the terms pursuant to which the European Export Credit Agencies may

provide guarantees on up to US$846 million of financing to commercial banks to fund deliveries of

A320 family aircraft under AerVenture's forward order with Airbus through 2011. This completes the

remaining financing requirement for the Airbus A320 family order of aircraft.  The aircraft are part of an

original 70 aircraft order placed by AerVenture Limited in January 2006. The European Export Credit

Agencies consist of Coface in France, ECGD in the United Kingdom, and Euler-Hermes in Germany.

The loans are to be provided by a syndicate of banks led by Calyon acting as Global Arranger and are

subject to customary ECA requirements. 


    In addition AerCap confirmed that it signed in February 2009 a US$86 million Pre-delivery Payment

Funding Facility with a European Financial Institution for three A330 aircraft on order with Airbus. 


    Keith Helming, Chief Financial Officer of AerCap said: "The closing of these two facilities represents

the achievement of significant milestones in our 2009 funding plan.  Including these deals, we have

completed US$4.3 billion of financing agreements over the past twelve months.  These transactions

further demonstrate AerCap's ability to continue to secure competitively priced, long-term financing

even in this very challenging market environment. The support by the banking community and the

export credit agencies confirms that there continues to be strong backing for AerCap's business

model."


    About AerCap

    AerCap is an integrated global aviation company with a leading market position in aircraft and engine

leasing, trading and parts sales. AerCap also provides aircraft management services and performs

aircraft maintenance, repair and overhaul services and aircraft disassemblies. AerCap is headquartered

in The Netherlands and has offices in Ireland, the United States, Singapore, China and the United

Kingdom.


    About AerVenture Limited 

    AerVenture was established as a joint venture between AerCap and two Kuwaiti partners, LoadAir

and Al Fawares in January 2006 for the acquisition of 70 new Airbus A320 family aircraft from Airbus.

LoadAir is active in air cargo operations as well as aviation-related investment activities. Al Fawares is

an investment company with a global portfolio of businesses encompassing media,

telecommunications, real estate and banking in addition to aviation.


    This press release may contain forward-looking statements that involve risks and uncertainties. In

most cases, you can identify forward-looking statements by terminology such as "may", "should",

"expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the

negative of such terms or similar terminology.  Such forward-looking statements are not guarantees of

future performance and involve significant assumptions, risks and uncertainties, and actual results may

differ materially from those in the forward-looking statements. 


    Contact for Investors:                Contact for Media:

    Peter Wortel                          Frauke Oberdieck

    +31 20 655 9658                       +31 20 655 9616

    pwortel@aercap.com                    foberdieck@aercap.com


SOURCE: AerCap Holdings N.V.








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