AerCap Holdings N.V. Announces New Share Repurchase Program of $200 Million
June 12 2019 - 5:09PM
Business Wire
AerCap Holdings N.V. ("AerCap") (NYSE: AER) today announced that
the Board of Directors of AerCap Holdings N.V. (the “Company”)
approved a share repurchase program authorizing total repurchases
of up to $200 million of AerCap ordinary shares through December
31, 2019.
Repurchases under the program may be made through open market
purchases or privately negotiated transactions in accordance with
applicable U.S. federal securities laws. The timing of purchases
and the exact number of ordinary shares to be purchased will be
determined by the Company's management, in its discretion, and will
depend upon market conditions and other factors.
The program will be funded using the Company's cash on hand and
cash generated from operations. The program may be suspended or
discontinued at any time. AerCap's Form 6-K can be accessed on the
“Investors” section of the Company's website
at www.aercap.com, as well as on the SEC's website
at www.sec.gov.
About AerCap
AerCap is the global leader in aircraft leasing with, as of
March 31, 2019, 1,400 owned, managed or on order aircraft in its
portfolio. AerCap has one of the most attractive order books in the
industry. AerCap serves approximately 200 customers in
approximately 80 countries with comprehensive fleet solutions.
AerCap is listed on the New York Stock Exchange (AER) and has its
headquarters in Dublin with offices in Shannon, Los Angeles,
Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle and
Toulouse.
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
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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version on businesswire.com: https://www.businesswire.com/news/home/20190612005918/en/
For Media:Gillian CulhaneVice President Corporate
Communicationsgculhane@aercap.com; +353 1 636 0945
For Investors:Joseph McGinleyHead of Investor
Relationsjmcginley@aercap.com; +353 1 418 0428
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