DUBAI, UAE, Nov. 14,
2023 /PRNewswire/ -- AerCap Holdings N.V.
("AerCap" or the "Company") (NYSE: AER) today announced the
successful acquisition of five General Electric GE90-115B engines from Sanad, the global aerospace
engineering and leasing solutions leader wholly owned by
Abu Dhabi's sovereign investor
Mubadala Investment Company PJSC (Mubadala). This significant
transaction was announced at the Dubai Airshow 2023.
"We are very pleased to work with Sanad on this transaction,"
said Tom Slattery, EVP AerCap
Engines. "The addition of these GE-90 engines to our portfolio will
enable us to support the strong demand in leasing activity we are
seeing from our customers. We thank the team at Sanad for
their partnership and look forward to future collaborations between
our two companies."
"This transaction is in line with our portfolio management and
capital allocation strategy," said Kashish Kohli, Sanad Group Chief
Financial Officer, and SVP of the Sanad Leasing Division. "This
successful deal not only strengthens our relationship with AerCap
but also highlights the synergies between our organizations. We
look forward to building on this momentum and exploring further
avenues of cooperation with AerCap."
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, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle, Toulouse and other locations around
the world.
About Sanad
Sanad Group (Sanad) is a global aerospace
engineering and leasing solutions leader based in Abu Dhabi and wholly owned by Mubadala
Investment Company PJSC. With more than 35 years of operational
experience, Sanad supports leaders in commercial aviation with
world-class maintenance, repair, and overhaul (MRO) services and
financing solutions. Visit us at www.sanad.ae. Follow us on
Instagram, Facebook and LinkedIn @TheSanadGroup
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," "will," "aim,"
"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 Ukraine Conflict, the Covid-19
pandemic, 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/aercap-acquires-five-general-electric-ge90-engines-from-sanad-301987283.html
SOURCE AerCap Holdings N.V.