AerCap has announced a new $200 million share-repurchase programme which will run through September

Reporting its first-quarter results, the lessor notes that during the period it repurchased 5.9 million shares for $305 million. Over the course of 2017, AerCap had repurchased a total of 23.7 million shares for $1.1 billion.

It executed 114 aircraft deals during 2018's first quarter and closed $2.9 billion of debt financing, including a $1.15 billion senior unsecured notes offering.

At 31 March, AerCap had $10.8 billion of available liquidity.

"I am pleased to report that the AerCap platform delivered another quarter of strong operating and financial results, with earnings per share of $1.72 and net income of $265 million," states the lessor's chief executive Aengus Kelly. "Our high level of lease placement activity reflected robust demand for our aircraft, and we continued to deploy excess capital to create value for our shareholders."

AerCap's first-quarter net income of $265 million compares with $261 million in the same period of 2017. The lessor says the rise was primarily driven by an increase in net gain on sale of assets, partially offset by the impact of Air Berlin and Monarch Airlines lease terminations in the second half of 2017.

Source: Cirium Dashboard