AerCap Holdings N.V.
AER today announced that its wholly-owned subsidiary, AerCap
Ireland Limited, has signed and completed an agreement with a subsidiary of
Guggenheim Partners, LLC ("Guggenheim") under which AerCap has sold its equity
interest in Aircraft Lease Securitisation Limited ("ALS") by transferring 100%
of its interest in the E-Notes, the equity securities issued by ALS, to
Guggenheim. ALS is an asset backed securitisation vehicle with a portfolio of
fifty aircraft valued at approximately $1 billion. The portfolio is leased to
26 different airlines.
As part of the agreement, AerCap will continue to service and manage the
aircraft portfolio.
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