DUBLIN--(BUSINESS WIRE)--Aug. 1, 2017--
AerCap Holdings N.V. (“AerCap”) (NYSE: AER) today announced it has
confirmed placement of five Embraer E190-E2 jets to Air Astana, the
national carrier of Kazakhstan. The aircraft, on long term lease from
AerCap’s order book with Embraer, will begin delivering to Air Astana in
the last quarter 2018.
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 President and Chief Commercial Officer, Philip Scruggs, said, “We
are very pleased to confirm our lease of five E190-E2 jets to Air
Astana. The E2 aircraft offer greater range and operational efficiency
which will support Air Astana’s growing network and open new market
opportunities. AerCap is proud to support our partners at Air Astana and
Embraer, and we wish them every success.”
Peter Foster, President and CEO of Air Astana, stated that, “The
acquisition of the E2 is the logical replacement of the E190 which we
have been successfully operating since 2011. The E190 has enabled us to
open up smaller markets in southern Russia, the Caucasus, and Central
Asia including smaller domestic routes. As domestic and regional
competition grows, the E2 we estimate will deliver up to 15% seat cost
savings, which will enable us to increase capacity and market share on
these routes and maintain our position as the region’s leading airline.
We are delighted to have concluded the lease agreements with AerCap,
with whom we have been working closely for many years.”
“Since receiving their first E190 in 2011, Air Astana has opened several
new markets and added significantly to its business to Central Asia,
Caucasus, India, China, and Russia. In addition, Air Astana has won
‘Best Airline in Central Asia and India’ in the Skytrax World Airline
Awards for the last six consecutive years. Embraer is proud to be part
of this outstanding success story, and the strong relationship between
our companies and AerCap, who are a major partner on the E2 program,”
said John Slattery, President and CEO, Embraer Commercial Aviation.
AerCap is the global leader in aircraft leasing with, as of June 30,
2017, 1,539 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, Singapore, Shanghai,
Abu Dhabi, Seattle and Toulouse.
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 Air Astana
Air Astana, the national carrier of Kazakhstan, operates flights to over
60 domestic and international routes. The company was incorporated in
late 2001 and commenced operations on 15 May 2002. The Air Astana fleet
consists of Boeing 767, 757, Airbus A319, A320, A320neo, A321 and
Embraer 190 aircraft. Air Astana became the first carrier from Russia,
the Commonwealth of Independent States (the CIS) and Eastern Europe to
be awarded the prestigious 4-Star rating by Skytrax at its World Airline
Awards 2012 and was also named ‘The Best Airline in Central Asia and
India’ that year. Both achievements were repeated in 2013, 2014, 2015,
2016 and in 2017.
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
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"plan," "intend," "estimate," "anticipate," "believe," "predict,"
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historical fact included in this press release are forward-looking
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and assumptions, and may include projections of our future financial
performance based on our growth strategies and anticipated trends in our
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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, we cannot assure you 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.
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to, and will not, update any forward-looking statements, whether as a
result of new information, future events or otherwise.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20170801005840/en/
Source: AerCap Holdings N.V.
AerCap Holdings N.V.
+353 1 636 0945
Vice President Corporate Communications
Brian Canniffe, +353 1 418 0461