LOGO
LOGO

AerCap Closes Two Transactions For Financing Of Six Airbus Aircraft With European Export Credit Agencies - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Aviation company AerCap Holdings N.V. (AER) Friday said it has closed two transactions for the financing of a total of six Airbus aircraft with the European Export Credit Agencies, led by the Export Credits Guarantee Department, the United Kingdom's Export Credit Agency.

The company noted that the first transaction increased AerCap's European Export Credit Agencies facility by $164 million and completed the financing of five Airbus A320 aircraft, of which three were delivered on long-term leases last week, with the Export Credit Agencies guaranteed debt provided by Credit Agricole CIB.

The second transaction which priced on September 20 is related to the closing of the company's second bond issuance guaranteed by the United Kingdom's Export Credit Agency. The notes were issued at a fixed rate of 3.215%, have a maturity in 2021, and an initial principal amount of $74 million.

This transaction completed the refinancing of an A330-300 aircraft which was previously financed by Export Credit Agencies-guaranteed debt provided by Credit Agricole CIB. The respective aircraft was delivered to AerCap in the fourth quarter of 2009 and has been placed on a long-term lease.

AER shares are currently trading at $11.99, up $0.19 or 1.61% on the NYSE.

For comments and feedback contact: editorial@rttnews.com

Global Economics Weekly Update -June 15 - June 19, 2026

June 19, 2026 16:46 ET
Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.