AerCap signs $7.2bn of financing deals in first quarter

Irish aircraft leasing giant AerCap signed $7.2 billion (€6.7 billion) worth of transactions in the first three months of the year.

AerCap signed lease agreements for 69 aircraft, bought a further 11 and sold 25 aircraft during the three-month period.

The New York-listed company said it had signed financing transactions for $7.2 billion during the quarter, more than the $4.6 billion it signed in 2016.

As of the end of March, AerCap had 1,541 aircraft on its books, that is, owned, managed on behalf of one of its clients or on order from manufacturers such as Boeing and Airbus.

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AerCap says it serves about 200 customers in 80 countries, they include Aer Lingus, Etihad, Emirates and Qatar Airways, Qantas and Singapore Airlines.