AerCap Investor Relations Material

AerCap is an Irish aviation leasing company with global operations. AerCap is a global leader in aircraft leasing and aviation finance. With its headquarters in Dublin, Ireland, the company operates a diversified portfolio of aviation assets, including helicopters, airplanes, engines, and more. The company provides leasing and financing solutions to airlines and other aircraft operators, offering a range of services from leasing new and used aircraft to the sale and management of aviation assets. The company is headquartered in Dublin, Ireland, and its shares are listed on the NYSE.

AerCap can trace its roots back to one of the first-ever aircraft leasing companies Guinness Peat Aviation, which was founded in 1975. The company has a long and complicated history of M&A, as well as various restructurings, but AerCap got its current name in 2005 after debis AirFinance was acquired by Cerberus Capital. The company went public in 2006 and has made two industry-defining acquisitions since then. The first came in 2014 when AerCap acquired International Lease Finance Corporation from AIG, and the second came in 2021 when it acquired GE’s aviation leasing business GECAS. These two acquisitions firmly positioned AerCap as the largest aviation leasing company in the world.

AerCap specializes in a range of services within the aviation sector, primarily focusing on aircraft leasing, financing, and asset management. The company owns and manages commercial aircraft, which it leases to airlines and other aircraft operators worldwide. This includes both new and used aircraft, spanning various models from leading manufacturers like Boeing and Airbus. In addition to leasing, AerCap provides aircraft owners with asset management services, overseeing the maintenance, insurance, and re-leasing of aircraft. The company also engages in sale and leaseback transactions, where airlines sell their aircraft to AerCap and then lease them back.

Customers choose to lease aircraft primarily for financial flexibility, as it allows airlines to avoid the substantial upfront capital expenditure associated with purchasing aircraft outright. It provides the agility to adjust fleet size and composition in response to changing market demands and route dynamics. Additionally, leasing offers access to newer, more fuel-efficient aircraft models without long-term commitments, enabling airlines to have fleets that give them the largest competitive advantage possible.