AerCap Delivers Second New Airbus A350 XWB Aircraft to Ethiopian Airlines
August 16 2016 - 7:00AM
Business Wire
AerCap Holdings N.V. (“AerCap”) (NYSE: AER) today announced the
delivery of a second new Airbus A350-900 to Ethiopian Airlines. The
first aircraft was delivered in June, marking the first A350 XWB
aircraft to be delivered to an African carrier.
AerCap has one of the largest Airbus A350 XWB portfolios with a
total of six owned and another 23 on order aircraft delivering
through 2019. AerCap has now leased two A350 XWB aircraft to
Vietnam Airlines, two to Cathay Pacific Airways and now with the
latest delivery a further two to Ethiopian Airlines.
AerCap President and Chief Commercial Officer Philip Scruggs
said, “We are pleased to deliver the second A350 XWB to Ethiopian
Airlines, a longstanding customer of AerCap. The A350 aircraft is
one of the most in-demand aircraft in the world and we are proud to
be one of the largest owners of this aircraft type. We look forward
to continuing our successful relationship with our friends and
partners at Ethiopian Airlines as the airline continues to enhance
its fleet.”
About Ethiopian
Ethiopian Airlines (Ethiopian) is the fastest growing Airline in
Africa. In its seven decades of operations, Ethiopian has become
one of the continent’s leading carriers, unrivalled in efficiency
and operational success. Ethiopian commands the lion’s share of the
pan-African passenger and cargo network operating the youngest and
most modern fleet to 92 international destinations across five
continents. Ethiopian fleet includes ultra-modern and
environmentally friendly aircraft such as the Boeing 787, Boeing
777-300ER, Boeing 777-200LR, Boeing 777-200 Freighter, Bombardier
Q-400 double cabin with an average fleet age of five years. In
fact, Ethiopian is the first airline in Africa to own and operate
these aircraft. Ethiopian is currently implementing a 15-year
strategic plan called Vision 2025 that will see it become the
leading aviation group in Africa with seven business centers:
Ethiopian Domestic and Regional Airline; Ethiopian International
Passenger Airline; Ethiopian Cargo; Ethiopian MRO; Ethiopian
Aviation Academy; Ethiopian In-flight Catering Services; and
Ethiopian Ground Service. Ethiopian is a multi-award winning
airline registering an average growth of 25% in the past seven
years.
About AerCap
AerCap is the global leader in aircraft leasing with, as of June
30, 2016, approximately 1,637 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, Miami, Singapore, Shanghai, Abu Dhabi,
Seattle and Toulouse.
Forward-Looking Statements
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 forward-looking terminology such as "may,"
"might," "should," "expect," "plan," "intend," "estimate,"
"anticipate," "believe," "predict," "potential" or "continue" or
the negatives thereof or variations thereon or similar terminology.
All statements other than statements of historical fact included in
this press release are forward-looking statements and are based on
various underlying assumptions and expectations and are subject to
known and unknown risks, uncertainties and assumptions, may include
projections of our future financial performance based on our growth
strategies and anticipated trends in our business. These statements
are only predictions based on our current 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, there can be no assurance
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. We do not undertake any
obligation to, and will not, update any forward-looking statements,
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version on businesswire.com: http://www.businesswire.com/news/home/20160816005589/en/
AerCap Holdings N.V.For Investors:John Wikoff, +31 20 655
9661Head of Investor Relationsjwikoff@aercap.comorFor
Media:Gillian Culhane, +353 1 636 0945Vice President Corporate
Communicationsgculhane@aercap.com
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