Aercap share price history12/7/2023 In May 2014, the company acquired International Lease Finance Corporation from American International Group (AIG) for $3.0 billion of cash and $4.6 billion in stock. īy 2013, the affiliates of Cerberus sold substantially all of their shares in the company. In March 2010, the company acquired Genesis Lease. In January 2007, the company became a public company via an initial public offering. In 2009, after its partners refused to fund a capital contribution, Waha Capital acquired their 50% stake and became partners with AerCap. In 2006, the company set up AerVenture, a 50/50 joint venture with LoadAir/Al Fawares. In 2005, Debis AirFinance was acquired by affiliates of Cerberus Capital Management, which formed AerCap. In 2000, it was acquired by Debis AirFinance, owned by Daimler Chrysler, for $750 million. In 1998, it became AERFI after a bailout from Texas Pacific Group. History Īercap traces its history to one of the first aircraft leasing companies, Guinness Peat Aviation, founded in 1975 by Tony Ryan. It also has representative offices near the headquarters of largest aircraft manufacturers: Boeing in Seattle and Airbus in Toulouse. It has its headquarters in Dublin, and offices in Shannon, London, Dubai, Miami, Singapore, Amsterdam and Shanghai. In 2022, its largest customers based on percentage of revenue were American Airlines (6.3% of 2022 revenues), China Southern Airlines (4.7% of 2022 revenues), Azul Brazilian Airlines (4.2% of 2022 revenues), Air France (3.0% of 2022 revenues), and Ethiopian Airlines (2.4% of 2022 revenues). The company serves over 300 customers in 80 countries. The company leases aircraft primarily via operating leases under which the lessee is responsible for the maintenance and servicing of the equipment during the lease term and the company receives the residual value of the equipment at the end of the lease. The company's cargo division serves customers including Amazon, Maersk, and ASL Airlines Ireland. ![]() Its helicopters are leased to companies including CHC Helicopter, Bristow Helicopters, Saudi Aramco, and Babcock International. They are also the only publicly known non-Chinese entity to have ordered the COMAC C919. The company is one of the largest purchasers of aircraft from Boeing, Airbus, and Embraer and one of the largest purchasers of aircraft engines from CFM International, GE Aviation, International Aero Engines, Pratt & Whitney, and Rolls-Royce. Through Milestone Aviation Group, its subsidiary, it owns 325 helicopters. Business Portfolio Īs of December 31, 2022, it had 3,532 aircraft, engines and helicopters owned, on order or managed, including 1,572 owned aircraft, 187 managed aircraft, 435 new aircraft on order, with a weighted average age of 7.2 years, and over 900 owned and managed aircraft engines, primarily manufactured by General Electric and CFM International. General Electric owned 45.4% of the company, decreasing to 33.46% after selling shares in March 2023. Its assets include wide-body aircraft, regional jets, cargo aircraft, aircraft engines, and helicopters. It became the largest aviation leasing company in the world following the acquisition of International Lease Finance Corporation (ILFC) in 2014, and GECAS from General Electric in 2021, an over $30 billion acquisition. AerCap is listed on the NYSE with the ticker 'AER'. is an Irish aviation leasing company headquartered in Dublin, Ireland, with offices around the world. ![]() Compare Standard and Premium Digital here.Īny changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel.AerCap Holdings N.V. ![]() You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many user’s needs. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month.įor cost savings, you can change your plan at any time online in the “Settings & Account” section. For a full comparison of Standard and Premium Digital, click here.Ĭhange the plan you will roll onto at any time during your trial by visiting the “Settings & Account” section. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Standard Digital includes access to a wealth of global news, analysis and expert opinion. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages.
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