Fri, Oct 28, 2011
Aircraft To Be Leased To American Airlines
AerCap Holdings said Monday that it has signed a
new $400 million credit facility with a ten year term to provide
long term financing for 12 Boeing 737-800 aircraft. The aircraft
will be leased to American Airlines and form part of AerCap's
previously announced transaction with American Airlines for the
purchase and leaseback of 35 Boeing 737-800 aircraft.
The facility was co-arranged by Credit Agricole Corporate and
Investment Bank, Norddeutsche Landesbank Girozentrale, Commonwealth
Bank of Australia, Landesbank Hessen-Thuringen Girozentrale and DVB
Bank SE. Credit Agricole Corporate and Investment Bank acted as
coordinating bank and facility agent.
"This significant transaction means that AerCap now has
committed financing on our deliveries to American Airlines through
the first quarter of 2013," said Paul Rofe, Group Treasurer of
AerCap. "The strong support of our banking partners has been key in
bringing this transaction to a successful conclusion."
The total amount of financing transactions AerCap has completed
year-to-date is $1.5 billion.
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