AerCap Confirms Placement of Five Embraer E-Jets E2 Aircraft to Borajet Airlines
Launch lessor customer of E-Jets second generation of commercial aircraft
AerCap Holdings N.V. (“AerCap”) (NYSE: AER) today announced it has confirmed placement of three Embraer E190-E2s and two
E195-E2s to Turkish carrier, Borajet Airlines. The aircraft, on long term lease from AerCap’s order book with Embraer, will begin
delivering to Borajet Airlines in 2018. The announcement was made at the Istanbul Airshow.
AerCap is the launch lessor customer of Embraer’s E-Jets E2 second generation of this family of commercial aircraft with a total
of 50 Embraer E190-E2s and E195-E2s on order.
AerCap Head of EMEA Leasing, Kenneth Wigmore, said, “We are pleased to confirm our lease of five E-Jet family aircraft to
Borajet Airlines and especially pleased to be the launch lessor customer of the aircraft type. The E-Jets E2 aircraft offer
greater capacity and operational efficiency which will support Borajet’s growing network. We look forward to continuing to work
with the Borajet team as the airline optimizes its fleet.”
Fatih Akol, Chairman of Borajet Airlines, said, “We are the fastest growing regional airline in Europe. We are adding to our
fleet because of this success which is based on our strategy and the operation of current generation Embraer Jets. Borajet’s future
plans include the addition of further next generation Embraer aircraft to our fleet. Our target investment is USD 1.5 billion. The
first step of our investment is the induction of the five E-Jets E2 jets announced today. Our investment is a proof of our
commitment to, and confidence in, the Turkish airline industry. With special thanks to our passengers who have supported us and
demanded this growth, we will continue to give our guests the ‘private aircraft comfort’ and quality of service they have learned
to expect from Borajet.”
“This agreement opens a new chapter in the relationship between AerCap, Borajet and Embraer. The E2 is the fleet smart solution
that maximizes profitability and return on investment for airlines and lessors, while maintaining the leadership in passenger
comfort achieved by the current E-Jets generation. For Borajet, the cockpit communality between the E-Jets generations, which
requires less than three days of transition, minimises training costs, reduces complexity, and provides greater operational
flexibility in aircrew utilisation,” said Arjan Meijer, Vice President, Europe & Middle East, Embraer Commercial Aviation.
About Embraer
Embraer is a global company headquartered in Brazil with businesses in commercial and executive aviation, defense &
security. The company designs, develops, manufactures and markets aircraft and systems, providing customer support and services.
Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. About every 10 seconds an aircraft manufactured by
Embraer takes off somewhere in the world, transporting over 145 million passengers a year. Embraer is the leading manufacturer of
commercial jets up to 130 seats. The company maintains industrial units, offices, service and parts distribution centers, among
other activities, across the Americas, Africa, Asia and Europe.
About AerCap
AerCap is the global leader in aircraft leasing with, as of June 30, 2016, 1,637 owned, managed or on order aircraft in its
portfolio. AerCap has one of the most attractive order books in the industry. AerCap serves approximately 200 customers in
approximately 80 countries with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and has its
headquarters in Dublin with offices in Amsterdam, Los Angeles, Shannon, Fort Lauderdale, Miami, Singapore, Shanghai, Abu Dhabi,
Seattle and Toulouse.
Forward-Looking Statements
This press release contains certain statements, estimates and forecasts with respect to future performance and events. These
statements, estimates and forecasts are "forward-looking statements". In some cases, forward-looking statements can be identified
by the use of forward-looking terminology such as "may," "might," "should," "expect," "plan," "intend," "estimate," "anticipate,"
"believe," "predict," "potential" or "continue" or the negatives thereof or variations thereon or similar terminology. All
statements other than statements of historical fact included in this press release are forward-looking statements and are based on
various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, may
include projections of our future financial performance based on our growth strategies and anticipated trends in our business.
These statements are only predictions based on our current expectations and projections about future events. There are important
factors that could cause our actual results, level of activity performance or achievements to differ materially from the results,
level of activity, performance or achievements expressed or implied in the forward-looking statements. As a result, there can be no
assurance that the forward-looking statements included in this press release will prove to be accurate or correct. In light of
these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this
press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results
and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. We do not
undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future
events or otherwise.
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AerCap Holdings N.V.
For Media:
Gillian Culhane, +353 1 636 0945
Vice President Corporate Communications
gculhane@aercap.com
or
For Investors:
John Wikoff, +31 20 655 9661
Head of Investor Relations
jwikoff@aercap.com
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