DUBLIN--(BUSINESS WIRE)--AerCap Holdings N.V. ("AerCap") (NYSE: AER) today announced that the Board of Directors of AerCap Holdings N.V. (the “Company”) approved a share repurchase program authorizing total repurchases of up to $200 million of AerCap ordinary shares through December 31, 2019.
Repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable U.S. federal securities laws. The timing of purchases and the exact number of ordinary shares to be purchased will be determined by the Company's management, in its discretion, and will depend upon market conditions and other factors.
The program will be funded using the Company's cash on hand and cash generated from operations. The program may be suspended or discontinued at any time. AerCap's Form 6-K can be accessed on the “Investors” section of the Company's website at www.aercap.com, as well as on the SEC's website at www.sec.gov.
AerCap is the global leader in aircraft leasing with, as of March 31, 2019, 1,400 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 Shannon, Los Angeles, Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle and Toulouse.
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