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AerCap Holdings N.V.
AerCap and Deucalion Joint Venture Executes a Purchase-Leaseback of Nineteen Boeing Aircraft, Including Eleven Next Generation Boeing 737-800 Aircraft With TUI Travel PLC
July 11th, 2008
AerCap Holdings N.V. ("AerCap," NYSE: AER) announced that, in a joint venture with the Deucalion Aviation Funds, (advised and managed by DVB Bank AG), it has signed an agreement with TUI Travel PLC ("TUI Travel"), a FTSE 100 company, for the acquisition of a 19-aircraft portfolio, including 11 Next Generation Boeing 737-800 aircraft. Calyon, Deutsche Bank AG, HSH Nordbank AG, and KfW IPEX-Bank GmbH have underwritten secured debt in respect of these aircraft. After the closing of the purchase from TUI Travel, AerCap will have expanded its fleet of Next Generation Boeing 737 aircraft to 18 over the last two years, thereby significantly increasing the number of modern,...
Source: Health Business Week (2008-07-11)
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