AerCap Supports Turkish Airlines Growth with New Airbus A321neo Lease

Tuesday, July 9, 2024

AerCap Holdings N.V. (“AerCap” or the “Company”) (NYSE: AER) has announced a significant development in its partnership with Turkish Airlines. The two companies have reached an agreement for the lease of ten new Airbus A321neo aircraft, enhancing the fleet capabilities of Turkish Airlines and showcasing AerCap’s commitment to supporting its clients with modern, efficient aircraft.

This deal underscores AerCap’s position as a leading global aircraft leasing company and highlights its ability to meet the evolving needs of major airlines. The addition of the Airbus A321neo aircraft will enable Turkish Airlines to expand its operational capacity and improve fuel efficiency, aligning with its strategic goals for growth and sustainability.

“We are very pleased to support Turkish Airlines with the lease of these ten new A321neo aircraft, helping them to continue to grow their extensive route network while modernizing their narrowbody fleet for greater operational efficiency,” said Aengus Kelly, the Chief Executive Officer of AerCap. “We wish Prof. Ahmet Bolat, Mr. Levent Konukcu and the entire Turkish Airlines’ management team every success and we look forward to building on our long-term partnership as these aircraft deliver, and beyond.”

Commenting on the agreement, Turkish Airlines Chairman of the Board and Executive Committee, Prof. Ahmet Bolat, stated, “We are happy to further enhance our fleet with ten new Airbus A321neo aircraft through our partnership with AerCap. This addition aligns with our strategy to continue offering our passengers a modern and efficient travel experience, while supporting our ongoing expansion plans for new routes and increasing the frequency of existing ones. We look forward to strengthening our partnership with AerCap.”

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