AerCap Holdings (AER) Approves $250M Stock Buyback

August 23, 2016 6:55 AM EDT

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AerCap Holdings N.V. (NYSE: AER) announced that its Board of Directors has authorized a new $250 million share repurchase program, which will run through December 31, 2016. This program is in addition to the $250 million share repurchase program announced on May 31, 2016, which runs through September 30, 2016, as well as the $400 million share repurchase program announced on February 23, 2016 that was completed earlier this year.

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 repurchases and the exact number of shares of common stock 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.

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