DUBLIN, July 18,
2024 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap"
or the "Company") (NYSE: AER) has welcomed the enactment of new
Mississippi taxation legislation,
House Bill 1855, that introduces an exemption from sales tax for
the lease or other retail transfers of fixed-wing aircraft and
engines, accessories and spare parts for such fixed wing
aircraft.
The new legislation was enacted on April
25, 2024, and the bill was ceremonially signed into law by
the Governor of Mississippi,
Tate Reeves, in a special ceremony
held at the Walter Sillers State Office Building in Jackson, Mississippi on July 8, 2024.
"The introduction of this legislation is a game-changer for
commercial aircraft leasing and sales in Mississippi and aligns sales tax law with the
majority of other states that already offer similar exemptions,"
said Aimee Craig, the CEO of AerCap
Materials. "The new legislation will allow AerCap to better service
our customers by improving efficiency of dismantling and offering
more competitive pricing. Moreover, it supports our ESG strategy by
recycling parts from older technology aircraft and extending their
useful life."
"This follows two years of significant collaboration between
AerCap and the Greenwood-Leflore-Carroll Economic Development
Foundation who were instrumental in helping us drive this change.
We would like to thank Governor Reeves, House Representatives and
Senators, and the Mississippi Department of Revenue who supported
the bill," Ms Craig concluded.
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, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle, Toulouse and other locations around
the world.
About AerCap Materials
AerCap Materials is the leading distributor of airframe and
engines material for commercial aircraft and engine manufacturers.
We provide spares distribution, financing and leasing solutions,
supply chain management solutions, and dismantling expertise to
more than 850 customers globally. AerCap Materials' facility
is Aircraft Fleer Recycling Association (AFRA) accredited and ISO
certified. With more than five decades of aftermarket experience
and one of the largest inventories, AerCap Materials has the
experience, expertise and solutions tailored to meet customer
supply chain requirements, around the clock and around the
world.
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, including the impacts
of, and associated responses to: the Ukraine Conflict, the Covid-19
pandemic, 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. As a result, we cannot assure
you that the forward-looking statements included in this press
release will prove to be accurate or correct. 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
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SOURCE AerCap Holdings N.V.