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Stock Market & Financial Investment News

News Breaks
November 1, 2012
09:21 EDTAERAerCap signs $160M credit facility for five Boeing 737-800s
AerCap Holdings N.V. announced that it has signed a new $160M credit facility with a ten year term for five Boeing 737-800 aircraft. The aircraft will be leased to American Airlines and form part of AerCap's previously announced transaction with American Airlines for the purchase and leaseback of new Boeing 737-800 aircraft. The facility was co-arranged by Commonwealth Bank of Australia, Norddeutsche Landesbank Girozentrale, DVB Bank SE and Landesbank Hessen-Thüringen Girozentrale. DVB Bank SE acted as coordinating bank and Crédit Agricole Corporate and Investment Bank acted as facility agent. The facility contains a feature which allows the total facility size to be increased up to $384M for a maximum of twelve Boeing 737-800 aircraft. This financing transaction is in addition to the $400M credit facility for twelve Boeing 737-800 aircraft for American Airlines, which was announced in October 2011.
News For AER From The Last 14 Days
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April 23, 2015
17:17 EDTAERAir Lease settles AIG litigation, will pay $72M in total
In a regulatory filing, Air Lease (AL) reports that on April 22, 2015, it and certain executive officers and employees of the company entered into a settlement agreement and release with American International Group (AIG), International Lease Finance Corporation, and ILFC’s parent, AerCap Holdings (AER), to settle all ongoing litigation. Pursuant to the terms of the agreement, all claims and counterclaims asserted in the litigation will be dismissed with prejudice, each of the parties to the litigation will receive full releases of all claims and counterclaims asserted in the litigation, and Air Lease will pay AIG the sum of $36M no later than June 30, and an additional sum of $36M no later than September 30, which will be reflected in Air Lease's March 31 financial statements. No party admits any wrongdoing or liability with respect to any matter alleged in the litigation.

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