Blog Exposure – AerCap Sells 21-Aircraft Portfolio To Peregrine Aviation

LONDON, UK / ACCESSWIRE / December 21, 2017 / Active-Investors.com has just released a free report on AerCap Holdings N.V. (NYSE: AER) (“AerCap”). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AER. On December 19, 2017, the Company declared that it has struck an agreement with Peregrine Aviation Co. Ltd (“Peregrine Aviation”) to sell a 21-aircraft portfolio valued at $800 million. The portfolio consists of a mix of wide-body and narrow-body aircraft on lease to 14 airlines across the world. Peregrine Aviation is an investment entity established by NCB Capital, the brokerage arm of the National Commercial Bank. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, AerCap Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=AER

Agreement Details

The acquisition of the portfolio is part-financed with a non-recourse term loan arranged by BNP Paribas, Citibank, and Credit Suisse. Under the agreement, AerCap will provide technical and lease management services to Peregrine Aviation and will also retain an equity interest in the entity. Milbank, Tweed, Hadley & McCloy LLP served as legal advisors to both Companies.

With the Sale, AerCap Will Have Sold, or Contracted to Sell, $2.4 Billion of Mid-Life Assets in 2017

Commenting on the agreement, Aengus Kelly, Chief Executive Officer (CEO) of AerCap, mentioned that with this sale, AerCap will have sold, or contracted to sell, approximately $2.4 billion of mid-life assets in 2017. The transaction is further evidence of the reach of AerCap’s platform and its disciplined approach to portfolio management.

AerCap’s Leased, Purchased, and Sold Portfolio in Q3 2017

On October 05, 2017, the Company announced that in Q3 2017, it has signed lease agreements for 50 aircraft, including 17 wide-body aircraft and 33 narrow body aircraft, of which 8 are Embraer E2-Jet Family aircraft. AerCap purchased 11 aircraft, including 2 Airbus A320neo Family aircraft, 1 Airbus A350, and 8 Boeing 787s. The Company has signed financing transactions for $3.7 billion in Q3 2017.

In Q2 2017, AerCap signed lease agreements for 65 aircraft, including 18 wide body and 47 narrow body aircraft, and purchased 11 aircraft, including 8 Airbus A320neos, 1 Airbus A321neo, and 2 Boeing 787-9s. In the same quarter, the Company executed sale transactions for 32 aircraft and signed an agreement with Boeing for an order of 30 787-9 aircraft.

AerCap Sold $0.6 Billion Aircraft Portfolio in 2015

In September 2015, the Company completed the sale of a 10-aircraft portfolio to an entity advised by Magnetar Capital. The aircraft types included four A330-200s, two 777-200ERs, two 777-300ERs, and two A320-200s, with an average age of approximately 10.5 years. As part of the sale, AerCap entered into an agreement with the purchaser under which it continued to service the portfolio.

About AerCap Holdings N.V.

Founded in 1995, AerCap is the global leader in aircraft leasing and aviation finance. The Company’s high quality and well-diversified portfolio of aircraft, one of the largest in the world, provides a global network of airline customers with comprehensive fleet solutions. AerCap is headquartered in Dublin, Ireland, with offices in Amsterdam, Los Angeles, Shannon, Fort Lauderdale, Singapore, Shanghai, Abu Dhabi, Seattle, and Toulouse.

About NCB Capital

Established in 2007, NCB Capital is the investment banking and asset management arm of the National Commercial Bank (over 90% ownership), providing clients with premier solutions of integrated investment services. NCB Capital is the largest Asset Manager in the Kingdom of Saudi Arabia, and the largest Sharia-compliant Asset Manager globally with over SAR140 billion of assets under management.

Stock Performance Snapshot

December 20, 2017 – At Wednesday’s closing bell, AerCap Holdings’ stock slightly declined 0.09%, ending the trading session at $52.69.

Volume traded for the day: 875.02 thousand shares.

Stock performance in the last month – up 3.58%; previous three-month period – up 5.04%; past twelve-month period – up 23.63%; and year-to-date – up 26.63%

After yesterday’s close, AerCap Holdings’ market cap was at $8.24 billion.

Price to Earnings (P/E) ratio was at 7.79.

The stock is part of the Services sector, categorized under the Air Services, Other industry. This sector was up 0.1% at the end of the session.

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