Under the agreement, EGYPTAIR will receive the new Boeing 787-9 from AerCap
's order book with Boeing.
purchased 11 aircraft, including 6 Airbus A320neo Family aircraft, 4 Boeing 787-9s and 1 Embraer E2.
Rating constraints specific to AerCap
include an older average fleet age relative to rated peers, potential financing risk associated with its large order book and above-average lessee exposure to China.
is the global provider of aircraft leasing with, as of September 30, 2017, 1,506 owned, managed or on order aircraft in its portfolio.
We are delighted to have partnered with AerCap
, the global leader in aircraft leasing, in this transaction that is the first of its kind in our market."
will retain an equity stake in the portfolio and will provide technical and lease management services in its capacity as the portfolio servicer.
This extension forms part of the Company's wider hedging and financing strategy over its shares in AerCap
. This strategy, which limits downside equity market risk for Waha Capital, was originally implemented over c.
, an aircraft- leasing company, purchased an additional 15.7 million of its shares from AIG.
Abu Dhabi: Abu Dhabi's Waha Capital has sold three million shares in New York-listed AerCap
Holdings N.V., or AerCap
Abu Dhabi's Waha Capital, a major AerCap
shareholder, has had its stake diluted to 14.1 per cent from 26.2 per cent because of the deal.
The Netherlands-based AerCap
will control a fleet of more than 1,300 aircraft and a $24-billion order book in an industry booming from a switch to renting rather than owning planes by airlines.