AerCap Holdings N.V. Announces Aircraft and Engine Transactions for the Third Quarter 2007

AerCap Holdings N.V. Announces Aircraft and Engine Transactions for the Third Quarter 2007

October 11, 2007

    AMSTERDAM, Netherlands, Oct. 11 /Xinhua-PRNewswire/ --
AerCap Holdings N.V. ("AerCap," NYSE: AER) today
provided a summary of its transactions in the third quarter
2007. AerCap signed new lease agreements for six aircraft
and executed letters of intent for leases in respect of 22
aircraft from its owned and managed portfolios. In
addition, the company delivered four aircraft and seven
engines under lease agreements, purchased one aircraft and
one engine, and sold 12 aircraft and four engines.

    "AerCap's transactions in the third quarter
reflect the robust activities across our business segments
from selling and purchasing aircraft and engines to
aircraft and engine leasing, and asset management. AerCap's
infrastructure, extensive experience, global reach and
operating capabilities allow us to rapidly complete
numerous transactions, which enables us to increase the
returns on our aircraft investments," said Klaus
Heinemann, Chief Executive Officer of AerCap. "The
continuing strong market conditions in the third quarter
helped us maintain our course of growth, further optimize
our portfolio and meet the needs of our customers."
    
    Lease Activities: Four Aircraft Delivered and Letters
of Intent for 22 Aircraft Executed in Third Quarter 2007

    New Lease Agreements

    The average term of the new aircraft lease contracts
signed during the quarter, which were all for used
aircraft, was 80 months. Letters of intent were executed
(signed and deposit paid by lessee) with an average lease
term of 108 months for new aircraft and 62 months for used
aircraft. Sixteen of the 22 letters of intent signed in the
third quarter 2007 involved new aircraft scheduled for
delivery from the manufacturer in the next few years. On
completion of the transactions included in the letters of
intent, AerCap will add six new customers to its customer
base.

    New aircraft lease agreements signed in the third
quarter for future delivery to the operator included:
    -- One Airbus A321 for Monarch Airlines (United
Kingdom),
    -- Two Boeing 767-300 for GOL, parent company of VRG
(Brazil), and
    -- Three Airbus A320 for Aerolineas Argentinas
(Argentina). Aerolineas   
       Argentinas will be a new customer in AerCap's
operator base.

    New engine lease agreements were signed for:
    -- Six 6 CFM 56 engines, and
    -- One Pratt and Whitney 2037 engine

    During the first three quarters of 2007, AerCap has
signed a total of 18 new lease agreements for aircraft and
38 new lease agreements for engines. As of September 30,
2007 AerCap also executed letters of intent for 50 aircraft
leases, of which 41 were for new aircraft to be delivered
from the manufacturer.

    Deliveries

    Aircraft deliveries in the third quarter under
previously contracted lease agreements included:
    -- One Boeing 737-800 to Air Berlin (Germany)
    -- One Boeing 737-400 to Nok Air (Thailand), 
    -- One Airbus A321 to Asiana Airlines (South Korea),
and
    -- One Fokker 100 to Click Mexicana (Mexico).
   
    AerCap has delivered to lessees a total of 25 aircraft
and 38 engines from its owned and managed portfolio in the
first three quarters of 2007.

    Purchase Activities: 29 Aircraft and 11 Engines
Purchased in First Three Quarters 2007

    During the third quarter 2007, AerCap added to its
owned portfolio:
    -- One new Boeing 737-800, and
    -- One CFM 56 engine.  

    In total, AerCap purchased 29 aircraft and 11 engines
in the first three quarters of 2007.

    Sales Activities: Optimizing Lease Portfolios by
Disposal of Older Aircraft With an Average Age of 13 Years

    The sales transactions closed in the third quarter 2007
from AerCap's owned portfolio included:
    -- Three Airbus A330, 
    -- One Boeing 757-200,
    -- One MD87,
    -- Two Fokker 100, and
    -- Four engines (one Rolls-Royce Tay, two CFM 56, one
CF 34).

    The sales transactions closed in the third quarter 2007
from AerCap's managed portfolio included:
    -- Three Dornier 328-100,
    -- One Fokker 100
    -- One MD82. 
    
    AerCap has sold a total of 15 aircraft and 19 engines
from its owned portfolio and a total of 18 aircraft from
its managed portfolio during the first three quarters of
2007.

    In addition to the completed sales activities above,
AerCap signed an agreement for the sale of two owned A300
freighters and a letter of intent for the sale of seven
owned and three managed Fokker 100 aircraft.  The
completion of one A300 freighter sale is expected in fourth
quarter 2007, and the other aircraft sale is expected to be
completed in third quarter 2008.  The completion of the
Fokker 100 aircraft sales are expected to be completed
during fourth quarter 2007 and first quarter 2008. 

    Portfolio Summary

    At the end of the third quarter 2007, AerCap's
portfolio consisted of 325 aircraft and 65 engines that
were either owned, on order, under contract or letter of
intent, or managed. 

    The information above includes transactions completed
by AerCap and AeroTurbine, AerCap's subsidiary in the
United States, which focuses on engine leasing and trading,
airframe and engine disassembly, part sales and MRO
services. 

    AerCap Holdings N.V. intends to report its transactions
on a quarterly basis going forward.

    About AerCap

    AerCap is an integrated global aviation company with a
leading market position in aircraft and engine leasing,
trading and parts sales. AerCap also provides aircraft
management services and performs aircraft and engine
maintenance, repair and overhaul services and aircraft
disassemblies through its certified repair stations. AerCap
is headquartered in The Netherlands and has offices in
Ireland, the United States, China and the United Kingdom. 


    This press release may contain forward-looking
statements that involve risks and uncertainties. In most
cases, you can identify forward-looking statements by
terminology such as "may", "should",
"expects", "plans",
"anticipates", "believes",
"estimates", "predicts",
"potential" or "continue" or the
negative of such terms or similar terminology.  Such
forward-looking statements are not guarantees of future
performance and involve significant assumptions, risks and
uncertainties, and actual results may differ materially
from those in the forward-looking statements. 


    For more information, please contact:

     For Media: 
     Frauke Oberdieck
     Tel:   [phone] 
     Email: [e-mail]

     For Investors:
     Peter Wortel
     Tel:   [phone]
     Email: [e-mail]