Page 41 - The STAT Trade Times September 2022 Issue

AerCap Holdings Q2 net income up

36% on higher lease rents

ublin-based AerCap Holdings,
Dthe global leader in aviation
leasing, reported a net income
of $340 million, an increase of 36
percent, for the second quarter
ended June 30, 2022.
AerCap executed 184 transac-
tions in Q22022 including 125
lease agreements, 16 purchases
and 43 sales, according to a state-
ment announcing the results.
Total revenue increased 36
percent to $1.7 billion for Q22022 As of June 30, 2022, AerCap's said. "The average age of the technology aircraft) and the
and 49 percent to $3.5 billion portfolio consisted of 3,599 company's owned aircraft fleet, average remaining contracted
for H12022 on higher basic lease aircraft, engines and helicop- as of June 30, 2022, was 7.2 years lease term was 7.2 years," said
rents (68 percent for Q2 and 71 ters that were owned, on order (3.8 years for new technology Aengus Kelly, Chief Executive
percent for H1). or managed, the statement aircraft, 13.1 years for current Officer, AerCap.

LATAM adds 4th freighter, to

end year with 16 cargo aircraft

ATAM Group has added a transatlantic offering with more
Lfourth passenger aircraft capacity from Europe to the USA,
converted to all-cargo operation and to further connect cargo to Atlas Air to be acquired by
as part of its 2021 growth multiple destinations in South
plan. According to an official America through strategic points Apollo, others for $5.2b
announcement, the firm now like our Miami hub. We plan to
has a fleet of 15 freighters with continue expanding service
this aircraft. to and from markets that are tlas Air Worldwide Atlas Air. "Upon completion
"With the addition of aircraft relevant for our customers as the Aentered into a definitive of the transaction, Atlas Air
N564LA operated by LATAM Cargo remaining freighters included agreement to be acquired Worldwide will become a
Colombia, LATAM will increase its in our growth plan are incorpo- by an investor group led by privately held company and
cargo capacity between Europe rated into our fleet." funds managed by affiliates shares of Atlas Air World-
and the Americas." LATAM expects to end the year of Apollo together with wide common stock will
Andrés Bianchi, CEO, LATAM with a fleet of 16 cargo aircraft af- investment affiliates of J.F. no longer be listed on the
Cargo, says: "This freighter will ter the delivery of the fifth freighter Lehman & Company and Hill Nasdaq stock exchange. Atlas
allow us to strengthen our due in September, the release said. City Capital in an all-cash Air Worldwide will continue
transaction with an enterprise operating under the Atlas Air
valuation of approximately Worldwide name, be led by
$5.2 billion. John Dietrich and the current
"Atlas Air Worldwide share- executive team and maintain
holders will receive $102.50 its global presence."
per share in cash, represent- The transaction is ex-
ing a 57 percent premium to pected to close in the fourth
the 30-day volume-weighted quarter 2022 or first quarter
average trading price of 2023, subject to customary
common stock as of July 29, closing conditions, the state-
20221," says a statement from ment said.

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