AerCap closes 29 aircraft deals in Q1

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Operating lessor AerCap completed 29 aircraft transactions during the first quarter of this year.

The lessor signed leases for 15 aircraft with an average term of 163 months for new aircraft and 60 months for used units.

It also delivered seven aircraft under contracted lease agreements, including four Boeing 737-800s, one Boeing 747-400SF and two Airbus A320-200s. It purchased three aircraft, including two new 737-800s and one Airbus A330-300.

AerCap closed the sale of four aircraf during the quarter, including one Airbus A330-300 from its owned portfolio and one Boeing 737-400, one Boeing 737-300 and one Boeing 767-300ER from its managed portfolio.

During the first quarter, AerCap entered into an agreement to replace ILFC's $2.3 billion unsecured revolving credit facility with a new $2.75 billion four-year unsecured revolving credit facility, to become effective upon the closing of the ILFC transaction.

The lessor ended the quarter with 377 aircraft that were either owned, managed, or under contract to purchase, including five options.