DUBLIN, Dec. 12,
2024 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap"
or the "Company") (NYSE: AER) today announced it has signed lease
agreements for two Boeing 737-800 aircraft. The aircraft will be
operated by Mukamalah Aviation Company (a wholly owned subsidiary
of Aramco), operating under the brand name "Aloula Aviation," for
the transportation of Aramco Group passengers in Saudi Arabia.
The Aramco Group has been a long-time customer of AerCap through
its helicopter business, Milestone Aviation, which is a leading
provider of leased and financed helicopters.
Aengus Kelly, the CEO of AerCap, said, "We are pleased to expand
our relationship with Aramco and Aloula from the leasing and
financing of helicopters to passenger aircraft, highlighting the
strong synergies across AerCap's business lines. We are proud
to support Aloula with their first directly leased aircraft for
passenger operations in the Kingdom of
Saudi Arabia and wish them every success in their new
venture."
Captain Khalid Alnatour, the CEO
of Aloula Aviation, said: "Our continued partnership with AerCap
marks an important step in Aloula Aviation's mission to provide
top-tier aviation services in Saudi Arabia. With the addition
of these Boeing 737-800 aircraft, we are better positioned to serve
other key clients, advancing our shared commitment to the Kingdom's
aviation development."
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 Aloula Aviation Company Limited
The first aviation company in Saudi
Arabia and second in the Middle
East, Aloula Aviation Company Limited (Aloula) was
established in 1934 under the name of Saudi Aramco Aviation, with
the core mission of oil exploration through the vast Saudi deserts.
From its headquarters in Dammam, Saudi
Arabia, Aloula operates more than 60 aircraft from different
fleets all serving different purposes but with the common goal of
helping the business succeed. In addition to its massive
fleet, Aloula regularly serves 18 airports throughout Saudi Arabia, nine of which Aloula fully
manages, serves, and operates, and more than 300 helipads, both on
and offshore.
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, 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
email distribution list, please visit
www.aercap.com.
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SOURCE AerCap Holdings N.V.