AerCap completed 204 major transactions in the third quarter as it continued to rotate and refresh its global aircraft, engine and helicopter portfolio. The lessor signed 85 lease agreements, made 34 purchases and completed 85 sales, alongside about $900 million in financing transactions, a $783 million share buyback and a quarterly cash dividend of $0.40 per ordinary share.
The lease activity covered 16 widebody aircraft, 45 narrowbody aircraft, 13 engines and 11 helicopters. Purchases totalled 32 aircraft and two helicopters, while sales included 65 aircraft, 13 engines and seven helicopters. AerCap’s purchased aircraft comprised A320neo-family jets, Boeing 737 MAX aircraft, two Boeing 787-9s and two Embraer E195-E2s.
On the sales side, the portfolio included Airbus A320-family and A320neo-family aircraft, A321 freighters, A330s, A350s, Boeing 737NGs, 737 MAX jets, 767 freighters, 777-200ERs and Embraer E190s and E195-E2s. The company also sold managed-portfolio aircraft and engines. During the quarter, AerCap repurchased 5.3 million shares at an average price of $147.12 each, returning capital while maintaining an active financing programme across the leasing business.