AerCap Delivers its First Airbus A320NEO Aircraft, on Lease to Volaris

Delivery signifies the first carrier in North America to operate the aircraft type

DUBLIN--()--AerCap Holdings N.V. (“AerCap”) (NYSE: AER) has announced the delivery of its first Airbus A320neo on lease to Volaris, making the airline the first carrier in North America to operate the aircraft type. This is the first of 10 A320neo aircraft to deliver to Volaris by AerCap, with a further 6 A321neo aircraft on order, delivering through 2018.

AerCap has one of the largest Airbus A320neo Family portfolios with a total of 219 owned and on order aircraft, delivering through 2021.

AerCap President and Chief Commercial Officer Philip Scruggs said, “We are delighted to deliver our first A320neo aircraft on lease to longstanding customer, Volaris and particularly pleased to be the first to deliver the aircraft type to a carrier in North America. The A320neo aircraft is one of the most in-demand single aisle aircraft in the world, incorporating the latest technologies and the most fuel efficient engines. We look forward to continuing our successful relationship with our friends and partners at Volaris as the airline continues to expand its presence on the continent.”

“The arrival of the A320neo symbolizes an important step in our ambitious ultra low-cost strategy,” said Enrique Beltranena, CEO of Volaris. “Volaris is delighted to be the first to bring this new technology to passengers in North America.”

About Volaris

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) is an ultra-low cost airline providing point to point services and operating between Mexico, US, and Central America. The ultra-low cost highly efficient business model offered by Volaris provides low base fares to develop its market, coupled with outstanding levels of quality services and a wide array of products. Since beginning their operations in March 2006, Volaris has increased its routes from an initial 5 to a current 154 and its fleet from 4 to 63 aircraft. Volaris currently operates over 302 daily flight segments on routes connecting 40 cities in Mexico and 25 cities internationally. Volaris targets passengers visiting friends and family, price sensitive business travelers, and leisure travelers in Mexico and to select destinations. Proudly Mexican, Volaris is regarded as one of the new leading companies in the country. Among other recognitions, Volaris has received the prestigious ESR Award for Social Corporate Responsibility for seven consecutive years. For more information, please visit: www.volaris.com

About AerCap

AerCap is the global leader in aircraft leasing with, as of June 30, 2016, 1,637 owned, managed or on order aircraft in its portfolio. AerCap has one of the most attractive order books in the industry. AerCap serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Dublin with offices in Amsterdam, Los Angeles, Shannon, Fort Lauderdale, Miami, Singapore, Shanghai, Abu Dhabi, Seattle and Toulouse.

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," "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, 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 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, there can be no assurance 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. 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 and follow us on Twitter www.twitter.com/aercapnv.

Contacts

AerCap Holdings N.V.
For Media:
Gillian Culhane, +353 1 636 0945
Vice President Corporate Communications
gculhane@aercap.com
or
For Investors:
John Wikoff, +31 20 655 9661
Head of Investor Relations
jwikoff@aercap.com

Release Summary

AerCap delivers its first Airbus A320NEO aircraft, on lease to Volaris. Delivery signifies the first carrier in North America to operate the aircraft type.

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Contacts

AerCap Holdings N.V.
For Media:
Gillian Culhane, +353 1 636 0945
Vice President Corporate Communications
gculhane@aercap.com
or
For Investors:
John Wikoff, +31 20 655 9661
Head of Investor Relations
jwikoff@aercap.com