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AerCap Holdings N.V.
AerCap to Lease Ten New Airbus A330 Jets to Virgin Atlantic
July 10th, 2009
AerCap Holdings N.V. ("AerCap," NYSE: AER) announced that it has signed letters of intent with Virgin Atlantic Airways for the purchase and leaseback of six Airbus A330-300s that Virgin Atlantic has on order with Airbus. In addition, AerCap will lease four Airbus A330-300 aircraft to Virgin Atlantic from its own A330 order. The lease terms for all aircraft are twelve years and deliveries are scheduled for 2011 and 2012. Virgin Atlantic has not yet selected the engine type. AerCap expects to finance the six new aircraft purchases under its existing funding facilities. The four aircraft for direct lease to Virgin Atlantic were the only remaining...
Source: Health Business Week (2009-07-10)
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