AerCap Holdings NV (NYSE:AER) disclosed major transactions and financial developments of Q4 FY23.
Leasing: The aviation leasing company signed 179 lease agreements, which comprise 11 wide-body aircraft, 89 narrow-body aircraft, three regional jets, 57 engines, and 19 helicopters.
Acquisitions: AER completed the purchase of 20 airlines, including nine engines, six helicopters, and one engine from AerCap's managed engine portfolio
The company received cash insurance settlement proceeds of around $609 million in the quarter.
Repurchase & Financing: The Dublin-based company bought back around 10 million shares for about $649 million.
AER signed financing transactions for around $1.7 billion in Q4.
Overall, in 2023, AER repurchased around 44 million shares for about $2.6 billion.
AerCap held $2.61 billion in cash and equivalents as of Sept. 30, 2023.
Last month, AER penned lease deals for two Airbus A321 Passenger-to-Freighter (P2F) aircraft with Spanish cargo operator Swiftair.
Price Action: AER shares closed lower by 2.34% at $70.66 on Wednesday.
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