AerCap Holdings N.V. operates as an integrated aviation company worldwide. The company also provides aircraft management services. Aircraft Portfolio The company’s aircraft portfolio consists primarily of fuel-efficient narrowbody aircraft, with a particular concentration of Airbus S.A.S. (Airbus) A320 family. As of December 31, 2013, the company owned 236 aircraft and 7 engines; managed 69 aircraft; and had 44 new aircraft on order, which included 5 A320neo aircraft, 3 A330 aircraft, 9 A350 aircraft, 20 Boeing 737 aircraft (including 5 purchase rights as part of a Boeing order), and 7 Boeing 787 aircraft. The company also had a 20.3% ownership interest in a joint venture that owned, or had on order, 33 aircraft. As of December 31, 2013, the company’s owned and managed aircraft were leased to 89 commercial airline and cargo operator customers in 48 countries and managed from its offices in the Netherlands, Ireland, the United States, Singapore, China, and the United Arab Emirates. As of December 31, 2013, the company’s major subsidiaries were AerCap Ireland Ltd.; Aircraft Lease Securitisation II Ltd.; AerFunding I Ltd.; and Genesis Funding Ltd. The company has a relationship with Airbus. Aircraft Services The company provides aircraft asset management and corporate services to securitization vehicles, joint ventures, and other third parties. As of December 31, 2013, it had aircraft management and administration and cash management service contracts with 14 parties covering approximately 220 aircraft. The company categorizes its aircraft services into aircraft asset management, administrative services, and cash management services. The company’s primary aircraft asset management activities are remarketing aircraft; collecting rental and maintenance payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance and accepting delivery and redelivery of aircraft; conducting ongoing lessee financial performance reviews; periodically inspecting the leased aircraft; coordinating technical modifications to aircraft to meet new lessee requirements; conducting restructurings negotiations in connection with lease defaults; repossessing aircraft; arranging and monitoring insurance coverage; registering and de-registering aircraft; arranging for aircraft and aircraft engine valuations; and providing market research. The company provides cash management and administrative services to securitization vehicles and joint ventures. Cash management services consist of treasury services, such as the financing, refinancing, hedging, and ongoing cash management of these vehicles. Its administrative services consist primarily of accounting and secretarial services, including the preparation of budgets and financial statements, and liaising with, in the case of securitization vehicles, the rating agencies. Joint Ventures The company has a joint venture agreement with China Aviation Supplies Holding Company and affiliates of Credit Agricole Corporate and Investment Bank establishing AerDragon. The company has two joint ventures with Waha Capital PJSC, with the company owning 50% in AerLift Leasing Jet Ltd. (AerLift Jet) and 40% in AerLift Leasing Ltd. (AerLift). AerLift Jet owned four CRJ aircraft and AerLift owned eight aircraft as of December 31, 2013. The company has two 50% joint ventures with two separate joint venture partners. The two joint ventures collectively owned six aircraft, consisting of three A330 and three A320 aircraft. The company also owns 42.3% of AerData, an integrated software solution provider for the aircraft leasing industry, which provides and manages its main corporate management system. Business Strategy The company’s strategy is to acquire aviation assets at attractive prices, lease the assets to suitable lessees, and manage the funding and other lease related costs efficiently. Its strategy includes managing the profitability of its aircraft portfolio by selectively purchasing aircraft directly from manufacturers; entering into sale-leaseback transactions with aircraft operators; using its global customer relationships to obtain favorable lease terms for aircraft and improving aircraft utilization; maintaining diverse sources of global funding; optimizing its portfolio by selling select aircraft; and providing management services to securitization vehicles, its joint ventures, and other aircraft owners at limited incremental cost to the company. Trademarks The company has registered the ‘AerCap’ name with WIPO International (Madrid) Registry and the Benelux-Merkenbureau. The ‘AerCap’ trademark has been registered with the United States Patent and Trademark Office. Competition The company’s competition includes major aircraft leasing companies, such as GE Capital Aviation Services, International Lease Finance Corporation, CIT Aerospace, Aviation Capital Group, Air Lease Corporation, SMBC Aviation Capital, AWAS Aviation Capital Limited, FLY Leasing Limited, BOC Aviation, and AirCastle Ltd. Significant Events In July 2014, AerCap Holdings N.V. announced that it has exercised options to purchase 50 A320neo family aircraft from Airbus. This transaction would bring AerCap's firm orders for A320neo family aircraft to a total of 200. History AerCap Holdings N.V. was founded in 1995.
aercap holdings nv (R1D:Berlin)
Schiphol, 1117 CE
Phone: 31 20 655 9655
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