AerCap completes repurchase programme

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

AerCap Holdings has completed its $200 million repurchase programme with two transactions totalling eight million ordinary shares.

The company purchased approximately three million ordinary shares in AerCap held by a non-affiliated shareholder, in a privately negotiated transaction. The purchase price for the three million ordinary shares was $12.85 per share as compared to a closing share price of the ordinary shares on the New York Stock Exchange of $12.91 on 3 December.

AerCap Holdings purchased approximately five million ordinary shares in AerCap held by Cerberus Capital Management through its affiliate Fern, in a privately negotiated transaction. The purchase price for the five million ordinary shares was $12.71 per share as compared to a closing share price of the ordinary shares on the New York Stock Exchange of $12.88 on 5 December.

Both purchases were made under the previously announced repurchase programme pursuant to which AerCap could purchase up to $200 million of its ordinary shares prior to 30 June 2013.