Thursday, September 19, 2024 AerCap Holdings N.V. (NYSE: AER) has announced that its Board of Directors has approved a new $500 million share repurchase program .
This initiative will run through March 31, 2025 and complements the existing $105 million share repurchase program, which is set to expire on December 31, 2024. “AerCap’s share repurchase authorizations have now reached $4.4 billion since March 2023,” said Aengus Kelly , CEO of AerCap.
“We view this as a valuable use of capital, reflecting our strong confidence in the value of our aircraft assets and the positive outlook for the company. This approach has consistently delivered strong returns for our shareholders.” Repurchases may occur through open market purchases or privately negotiated transactions , as per U.
S. federal securities laws. The timing and volume of repurchases will depend on market conditions and other factors, with management determining the precise details.
The program will be funded through AerCap’s available cash reserves and operational cash flows, though it may be suspended or discontinued if necessary. AerCap is the world’s leading aviation leasing company , offering fleet solutions to approximately 300 global customers. With its headquarters in Dublin, AerCap is listed on the New York Stock Exchange (AER) and operates from offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai , and other major locations.
This release contains forward-looking statements regarding AerCap’s financial outlook and future performance. These include predictions on factors like capital availability, demand for aviation leasing services, and economic conditions. While these projections are based on current expectations, uncertainties and risks—such as changes in regulations, global economic shifts, or operational disruptions—could result in actual outcomes differing from those anticipated.
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