The AerCap Holdings N.V. and Turkish Airlines deal involves the lease of three new Boeing 787-9 jets, 25 new MAX-8 jets, and lease extensions for six used Airbus A330-200 aircraft.
AerCap Holdings N.V. has recently reached a significant agreement with Turkish Airlines, its long-term partner. This deal involves the lease of three new Boeing 787-9 aircraft, 25 new MAX-8 aircraft, and lease extensions for six used Airbus A330-200 aircraft. Deliveries of the new aircraft are scheduled to take place from 2024 to 2026. Turkish Airlines, with its broad international route network, is known for flying to more international destinations than any other airline. Their focus on fleet expansion is aligned with their commitment to offering an extensive network of travel options.
“AerCap is very pleased to announce this significant transaction with our long-term partner, Turkish Airlines,” said Aengus Kelly, the Chief Executive Officer, AerCap. “These aircraft will help Turkish Airlines continue to grow their already extensive route network, while improving the operational efficiency of their fleet. I would like to thank Dr. Ahmet Bolat and Mr. Levent Konukcu and the Turkish Airlines management team for the confidence they have placed in AerCap. We look forward to continuing to build on our strong partnership as these aircraft deliver,” he further added.
The agreement includes lease extensions for six used Airbus A330-200 aircraft. These extensions will allow Turkish Airlines to continue operating these aircraft as part of its fleet. The introduction of these new aircraft into Turkish Airlines’ fleet is expected to enhance the airline’s operational efficiency. Newer aircraft tend to be more fuel-efficient and have lower maintenance requirements, contributing to cost savings.
“We have a unique route network boasting the world’s widest network in terms of the number of countries reached. We fly to more international destinations than any other airline, and in order to strengthen this position, we are always focused on extending our fleet. At this point, we would like to thank our business partner, AerCap, and we are happy to reinforce our fruitful collaboration with them through these leasing projects,” said Levent Konukcu, Chief Investment & Technology Officer, Turkish Airlines.
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AerCap is a global leader in aviation leasing and boasts one of the most attractive order books in the industry. With approximately 300 customers worldwide, the company provides comprehensive fleet solutions. AerCap, headquartered in Dublin, operates in various locations globally, including Miami, Singapore, Shanghai, Seattle, and more. It’s traded on the New York Stock Exchange under the symbol AER. This deal underlines the company’s commitment to supporting the growth and operational efficiency of its airline partners.
