AerCap Signs Lease Agreement with euroAtlantic Airways for 2 Boeing 787-8 Aircraft

AerCap Holdings N.V. (“AerCap”) (NYSE: AER) today announced it has signed an agreement with euroAtlantic Airways, a leading provider of ACMI services as well as charter aviation services, for the lease of two used Boeing 787-8 aircraft. The aircraft are scheduled to deliver in the spring of 2021, and will be the first 787s to be based in Portugal.

“We are delighted to support euroAtlantic with two 787-8s, making them the first 787 operator in Portugal,” said Aengus Kelly, CEO of AerCap. “With these new aircraft, euroAtlantic will provide next generation widebody ACMI services to the global market while at the same time enhancing their fleet operations. We wish euroAtlantic every success and we look forward to working with them, together with the Boeing team, as these aircraft deliver.”

“We are very pleased as euroAtlantic Airways will be the first Portuguese operator of the ultra-modern 787 Dreamliner," said Eugénio Fernandes, the CEO of the airline. "The 787’s incredible fuel efficiency and range provide tremendous flexibility for our customers as they profitably operate the airplane on a wide range of route networks and business models such as ACMI’s, Wet Lease or Charter flights.”