LONDON – Aircraft leasing giant AerCap Holdings N.V. (AerCap) has announced its major business transactions during the full year and fourth quarter 2022. Across its full year of business in 2022, the lessor showed a tally of 895 aircraft asset transactions.
Full Year 2022 Transactions
In summary, the breakdown for Aercap’s aircraft asset transactions was as follows:
- Signed 570 lease agreements.
- Completed 118 purchases.
- Completed 207 sale transactions.
The value of the years financing transactions was approximately $4.2 billion.
Fourth Quarter 2022 Transactions
In the fourth quarter of 2022, AerCap signed off on 159 lease agreements, which included 4 widebody aircraft and 76 narrowbody aircraft, 37 engines and 42 helicopters.
43 purchases for 30 aircraft were completed. This included 22 Airbus A320neo Family aircraft, 1 Airbus A220, 1 Airbus A330neo, 1 Boeing 737 MAX, 1 Boeing 787-9 and 3 Embraer 195 E2s for AerCap’s owned aircraft portfolio.
It also included 1 aircraft for AerCap’s managed aircraft portfolio, 9 engines and 4 helicopters.
97 sale transactions were completed for 64 aircraft. This included 9 Airbus A320 Family aircraft, 3 Airbus A320neo Family aircraft, 8 Airbus A330s, 33 Boeing 737NGs, 1 Boeing 767-300ER, 2 Boeing 777-200ERs, 1 Boeing 737-300SF, 2 Boeing 747-400Fs and 4 Embraer E170s from AerCap’s owned aircraft portfolio.
The sale transactions also included 1 aircraft from AerCap’s managed aircraft portfolio, 20 engines and 13 helicopters.
The value of the Q4 2022 financing transactions was approximately $750 million.
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions.
AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle, Toulouse and other locations around the world.
The aviation market sector 2022
The global aviation sector is currently emerging from over two years of unprecedented disruption, which is seen external factors including the global health pandemic and subsequent air travel and border restrictions, geopolitical unrest and severe economic headwinds.
According to Boeing’s commercial market outlook, the Russian war in Ukraine has had a direct and significant impact on the aviation industry, and notably on sanctions prohibiting the delivery of aircraft in Russia.
Subsequently there remains a high level of uncertainty as to how long the situation will persist. Despite this air travel has remained a critical component of the broader global transport network, which is enabled not only passenger carriage but efficient cargo movements from point to point.
The Boeing outlook forecasts of demand for more than 40,000 new aircraft over the next 20 years. Three quarters of this projected demand will be single aisle or narrowbody aircraft, as global domestic and regional travel continues to drive the sectors short-term recovery.
Widebody aircraft remain essential to meet projected demand for long haul travel as well as meeting the needs of a steadily growing air cargo market.