AerCap Signs Lease Agreements with Air Europa for 5 Boeing 787 Aircraft and 10 Boeing 737 MAX Aircraft

AerCap Holdings N.V. (“AerCap” or the “Company”) (NYSE: AER) today announced it has signed lease agreements with Air Europa Líneas Aéreas S.A.U. for the long-term lease of five Boeing 787-9 aircraft and ten Boeing 737-8 MAX aircraft. The aircraft are scheduled to deliver beginning in 2024 through 2026.

Air Europa will become the first Spanish operator of the Boeing 737 MAX aircraft.

“Air Europa has been a long-time friend and valued customer of AerCap.  With this landmark transaction for the airline, we are delighted to reconfirm our belief in the Air Europa business and management team and wish them every success with their fleet modernization program,” said Peter Anderson, Chief Commercial Officer, AerCap. “The future is bright for the Boeing 787 and MAX programs.  For Air Europa these new technology fuel-efficient aircraft will provide improved cost efficiencies and help them to meet their sustainability commitments. We thank the team at Air Europa for the confidence they have placed in AerCap, and we look forward to working together as these aircraft deliver.”

Richard Clark, Managing Director of Air Europa, said, "We are very pleased to reach this agreement with AerCap, with whom we have a long and successful relationship. It reinforces our strategy of unifying the fleet around the most modern, efficient, and sustainable models in the industry. Once again, we are pioneers. Just as we were the first Spanish company to incorporate the Boeing 787 Dreamliner, we are now doing the same by adding the new Boeing 737 MAX to our fleet."