Positive Trends at AerCap

Aircraft Lessor AerCap Holdings has announced its transactions for the first quarter of 2009. “We have seen one of the worst economic environments for the aviation industry,” said CEO Klaus Heinemann. “However, most airlines have shown a remarkable resilience to these conditions. In the first quarter, we have delivered 13 aircraft and eight engines, all as scheduled and did not repossess any aircraft. All but one that were repossessed in 2008 – five from the second quarter, three from the third quarter and one from the last quarter – are now generating revenues again with new airline clients. We expect the last one recovered in the fourth quarter to begin generating revenues in June. Towards the end of the first quarter, we noticed a significant renewal of airline interest in contracting new capacity for 2010 and beyond.”