AerCap's Q3 Developments: 134 Lease Agreements, Repurchase Of 20M Shares & More

Leasing: The aviation leasing company inked 134 lease agreements, which comprise 24 widebody aircraft, 62 narrowbody aircraft, 25 engines, and 23 helicopters.

Acquisitions: AER completed the purchase of 33 airlines, including 19 new aircraft, nine engines, and five helicopters. 

The new aircraft bought for its owned aircraft portfolio comprises 14 A320neo Family, 2 A330neos, and 3 737 MAX aircraft.

Asset sale: AER completed 52 sale deals for divesting 12 aircraft, 37 engines, and three helicopters.

Repurchase & Financing: The company bought back about 20 million shares worth about $1.2 billion. The company penned financing transactions worth $3.9 billion.

AerCap held $1.31 billion in cash and equivalents as of June 30, 2023.

Price Action: AER shares closed higher by 2.62% at $60.77 on Friday.

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.