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AerCap to Provide GE Aerospace with Lease Pool Management Services for GE9X Engine

1. AerCap signs seven-year lease pool management deal with GE Aerospace for GE9X engine. 2. Agreement enhances AerCap's engine leasing capabilities with advanced technology offerings. 3. AerCap's support extends across various GE engines, reinforcing its industry leadership. 4. GE Aerospace boosts support capabilities as GE9X nears service entry. 5. Agreement strengthens AerCap's partnership with GE, enhancing service reliability.

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Why Bullish?

This agreement diversifies AerCap's service offerings, potentially increasing revenue and market positioning. Similar partnerships previously led to sustained growth in the aerospace sector.

How important is it?

The partnership with GE Aerospace is a significant move for AerCap, likely enhancing its market position within the aviation leasing sector and impacting investor sentiment positively.

Why Long Term?

The long-term nature of the agreement suggests stable service revenues over several years, although initial impacts may take time to materialize.

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GEBALMT
, /PRNewswire/ -- AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) today announced it has signed a seven-year agreement with GE Aerospace (NYSE: GE) to provide lease pool management services for the GE9X engine. The agreement also extends AerCap's ongoing lease pool support for GEnx, GE90, CF6 and CF34 engines. "This agreement further strengthens our partnership with GE Aerospace and extends our engine leasing relationship into the next decade. It also adds GE's newest technology engine, the GE9X, to our servicing capability, leveraging our existing industrial network to provide world-class support to GE Aerospace and their customers," said Tom Slattery, Executive Vice President of AerCap Engines.  The agreement calls for AerCap to provide GE9X shop visit management, lease return coordination and technical services, as well as lease documentation and administration support. "This agreement is an important building block to ensure when the GE9X enters service, our customers have a robust network of support to keep their 777X fleets flying reliably and safely," said Russell Stokes, President and CEO, Commercial Engines and Services for GE Aerospace. "AerCap's global network, existing customer relationships and extensive experience on multiple GE Aerospace engines makes them ideal to manage our GE9X lease pool." GE Aerospace is investing in capabilities to support its GE9X customers as the engine nears entry into service, increasing capacity, enhancing training, and adding advanced tooling in its MRO shops worldwide. GE9X customers will receive the full suite of services extended to all of GE Aerospace's popular engines, including overhaul, component repair and advanced diagnostics. About AerCap 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, Memphis, Miami, Singapore, London, Dubai, Shanghai, Amsterdam and other locations around the world. About GE Aerospace GE Aerospace (NYSE:GE) is a global aerospace propulsion, services, and systems leader with an installed base of approximately 44,000 commercial and 26,000 military aircraft engines. With a global team of 52,000 employees building on more than a century of innovation and learning, GE Aerospace is committed to inventing the future of flight, lifting people up, and bringing them home safely. Learn more about how GE Aerospace and its partners are defining flight for today, tomorrow and the future at www.geaerospace.com. 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," "will," "aim," "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, and 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, including but not limited to the availability of capital to us and to our customers and changes in interest rates; the ability of our lessees and potential lessees to make lease payments to us; our ability to successfully negotiate flight equipment (which includes aircraft, engines and helicopters) purchases, sales and leases, to collect outstanding amounts due and to repossess flight equipment under defaulted leases, and to control costs and expenses; changes in the overall demand for commercial aviation leasing and aviation asset management services; the continued impacts of the Ukraine Conflict, including the resulting sanctions by the United States, the European Union, the United Kingdom and other countries, on our business and results of operations, financial condition and cash flows; the effects of terrorist attacks on the aviation industry and on our operations; the economic condition of the global airline and cargo industry and economic and political conditions; the impact of hostilities in the Middle East, or any escalation thereof, on the aviation industry or our business; trade tensions, including U.S. tariffs and retaliatory measures by some countries, and the resulting geopolitical uncertainty; development of increased government regulation, including travel restrictions, sanctions, regulation of trade and the imposition of import and export controls, tariffs and other trade barriers; a downgrade in any of our credit ratings; competitive pressures within the industry; regulatory changes affecting commercial flight equipment operators, flight equipment maintenance, engine standards, accounting standards and taxes; and disruptions and security breaches affecting our information systems or the information systems of our third-party providers. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. These and other important factors and risks are discussed in AerCap's annual report on Form 20-F and other filings with the United States Securities and Exchange Commission. 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. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise. For more information regarding AerCap and to be added to our email distribution list, please visit www.aercap.com. SOURCE AerCap Holdings N.V. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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