AerVenture to Lease Six New Airbus A320s to Aeroflot

AerVenture to Lease Six New Airbus A320s to Aeroflot

October 10, 2007

    AMSTERDAM, Netherlands, Oct. 10 /Xinhua-PRNewswire/ --
AerCap Holdings N.V. ("AerCap") (NYSE: AER) today
announced that AerVenture Limited, a joint venture company
owned by AerCap, LoadAir and Al Fawares, has signed
agreements to lease six new Airbus A320-200 aircraft to the
Russian national carrier Aeroflot for a period of ten years.
The aircraft are powered by CFM engines and are scheduled to
be delivered between July 2008 and March 2009. 

    Aeroflot will operate the A320 aircraft on its European
and domestic routes. 

    The six new A320s will be leased by AerVenture to
Aeroflot under an operating lease agreement and form part
of the order for 70 A320 family aircraft that the joint
venture company placed in December 2005.

    Sergei Koltovich, Head of Aeroflot's Fleet Planning and
Aircraft Procurement Department, said: "Aeroflot Group
is extremely pleased to see AerCap becoming a new key
aircraft supplier to the Russian national carrier. This new
partnership should develop into a truly long term
relationship between Russia's largest airline and one of
the world's fastest growing aircraft leasing
companies."

    Soeren Ferre, AerCap's Head of Aircraft Marketing for
Europe, Middle East, Africa and Asia Pacific, commented on
the transaction: "We are delighted to welcome Aeroflot
as a new customer as they continue their rapid expansion and
fleet renewal. The transaction with Aeroflot reflects our
strategy of maintaining a geographically diverse customer
base with a particular focus on the most promising growth
markets."

    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
has a fleet of over 340 aircraft owned, managed or under
contracted orders and a diversified commercial engine
portfolio. AerCap is headquartered in The Netherlands and
has offices in Ireland, the United States, China and the
United Kingdom. 

    About LoadAir and Al Fawares

    AerCap's Kuwaiti partners in AerVenture are LoadAir, a
company active in air cargo operations as well as
aviation-related investment activities and Al Fawares, an
investment company with a global portfolio of businesses
encompassing media, telecommunications, real estate and
banking in addition to aviation. 

    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, AerCap      
     Tel:   [phone]        
     Email: [e-mail]  

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