AerCap Holdings N.V. (NYSE: AER), a leading player in the aviation leasing industry, has announced a significant new share repurchase program, demonstrating its strong belief in the company’s future prospects. The company’s Board of Directors has approved a $500 million share repurchase program, which will run until March 31, 2025. This new program complements AerCap’s existing $105 million share repurchase program, which is set to expire at the end of this year.
AerCap CEO, Aengus Kelly, stated that the company’s share repurchase authorizations have now reached a substantial $4.4 billion since March 2023. He emphasized that this approach reflects AerCap’s confidence in the value of its aircraft assets and its optimistic outlook for the future. Kelly highlighted that this strategy has consistently delivered strong returns for shareholders.
AerCap plans to execute the share repurchases through open market purchases or private negotiations, adhering to U.S. federal securities laws. The timing and volume of repurchases will be determined by management based on market conditions and other relevant factors. The program will be funded using AerCap’s available cash reserves and operational cash flows, though it may be suspended or discontinued if necessary.
AerCap’s dedication to shareholder value is evident in its commitment to this substantial repurchase program. This initiative underscores the company’s confidence in its ability to navigate the evolving aviation landscape and generate continued success.
AerCap is a global leader in aviation leasing, providing fleet solutions to approximately 300 customers worldwide. Headquartered in Dublin, AerCap operates from offices in key locations including Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, and others.
