DUBLIN, Dec. 15, 2021 /PRNewswire/ -- AerCap
Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) today
announced that it has delivered the first of 14 new PW1500G powered
Airbus A220-300 aircraft to Breeze Airways.
The 14-aircraft deal comprises the sale and leaseback of 11 A220
aircraft, the second of which is scheduled to deliver this month
with the remaining deliveries continuing through 2022 and 2023, and
3 aircraft owned by Einn Volant Aircraft Leasing Holdings Limited
("EVAL"), a global aircraft leasing platform and joint venture
between AerCap and Caisse de dépôt et placement du Québec ("CDPQ"),
a global investment group. All three aircraft will be managed by
AerCap and are scheduled for delivery through 2022.
"AerCap is excited to welcome Breeze Airways as a new customer,
but an old friend in David Neeleman,
with the delivery of the first of 14 new A220s," said Aengus Kelly,
CEO of AerCap. "Equipped with the latest engine technology which
has 25% lower fuel burn over previous-generation aircraft, as well
as maximum operational flexibility with its longer range, the A220
is the ideal aircraft for Breeze's fast-growing operations. We wish
all the team at Breeze every success and look forward to a
long-term successful partnership."
"Breeze is excited to take delivery of our first of 80 firm
A220s via sale and lease back with AerCap," said Breeze Airways'
Chairman and CEO David Neeleman.
"The AerCap financing structure further enhances the operating
economics of our A220 aircraft while allowing us to optimize our
balance sheet."
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, Los Angeles,
Singapore, Amsterdam, Shanghai, Abu
Dhabi, Seattle, Toulouse
and other locations around the world.
About Breeze Airways
Breeze Airways, which commenced service between 16 cities across
13 states in May 2021, is the
nation's best-funded start up airline in history. Founded by
aviation entrepreneur David
Neeleman, the low fare carrier merges kindness and
technology to deliver its signature "Seriously Nice"™ nonstop
service between secondary airports bypassing hubs and saving its
Guests time and money. The airline recently announced an order of
80 A220-300 aircraft, the first of which will enter service in
mid-2022.
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," "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,
including the impacts of, and associated responses to: the Covid-19
pandemic, our ability to successfully integrate GECAS' operations
and employees and realize anticipated synergies and cost savings;
and the potential impact of the consummation of the GECAS
transaction on relationships, including with employees, suppliers,
customers and competitors, 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. As a
result, we cannot assure you that the forward-looking statements
included in this press release will prove to be accurate or
correct. 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 and follow us on Twitter
www.twitter.com/aercapnv.
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SOURCE AerCap Holdings N.V.