AerCap Executes First Placement of Ten 737 MAX 8s to Travel Service

Jan 13, 2016 23:00 JST

Source: AerCap Holdings

Aircraft Will Support the Carrier's Fleet Renewal and Expansion

AMSTERDAM, Jan 13, 2016 - (ACN Newswire) - AerCap Holdings N.V. ("AerCap", NYSE: AER) today announced that the company has executed the first placement of ten Boeing 737 MAX 8 aircraft from its order book. Leased to Travel Service, AerCap's long-time customer and the Czech Republic's biggest airline company, the aircraft are part of AerCap's order of 100 737 MAXs placed in June 2015 with deliveries starting in 2019. AerCap is Boeing's second largest lessor customer in the 737 MAX program.

"We leased our first 737 to Travel Service in 2000," remarked AerCap President & Chief Commercial Officer Philip Scruggs. "Over the past 16 years, the airline has grown into a regional leader in the Czech Republic and Central European aviation. These 737 MAXs will renew and expand Travel Service's fleet and ensure its leadership over the next decade."

"As our long-time and reliable partner, AerCap helps us expand Travel Service's fleet and contributes to further growth of the company. This agreement stands as a testimony to the extended and successful business cooperation between our companies, which we value greatly," said Roman Vik, General Director of Travel Service. "As Travel Service is expanding and growing, we are convinced that the new Boeing 737 MAX aircraft are great for our airline. The 737 MAXs will bring the most advanced technologies and engines that provide lower fuel and operating costs, as well as a high level of passenger comfort. We are delighted that we will have a competitive advantage on the market because of the new, modern Travel Service's fleet."

AerCap has one of the most attractive order books in the industry, holding top customer positions across all modern technology aircraft, including large orders for the Boeing 737 MAX 8, the Boeing 787 Dreamliner, the Airbus A350, and the Airbus A320neo family.

About Travel Service

Travel Service is the biggest Czech airline company. Travel Service operates regular flights under the SmartWings brand, charter flights and private flights in the Business Jet category. Travel Service planes are flying to more than 300 airports on 4 continents. Travel Service is present on market not only in the Czech Republic, but also in Slovakia, Poland and Hungary, where the company has its subsidiary companies. www.travelservice.aero

About AerCap

AerCap is the global leader in aircraft leasing with 1,725 owned, managed or on order aircraft in its portfolio. AerCap has one of the most attractive order books in the industry. AerCap serves over 200 customers in approximately 90 countries with comprehensive fleet solutions, and provides part-out and engine leasing services through its subsidiary, AeroTurbine. AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Amsterdam with offices in Dublin, Los Angeles, Shannon, Fort Lauderdale, Miami, Singapore, Shanghai, Abu Dhabi, Seattle and Toulouse.

Forward Looking Statements

This press release may contain forward-looking statements that involve risks and uncertainties. In most cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of such terms or similar terminology. Such forward-looking statements are not guarantees of future performance and involve significant assumptions, risks and uncertainties, and actual results may differ materially from those in the forward-looking statements.

For Investors/Media:
John Wikoff
Tel. +31 631 699 430
jwikoff@aercap.com

AerCap Press Release Travel Service Jan 13 2016: http://hugin.info/149317/R/1978612/724642.pdf

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Source: AerCap Holdings N.V. via Globenewswire

Source: AerCap Holdings