AerCap Holdings (AER) Signs $221 Million Airbus A330 Pre-Delivery Payment Funding Facility

July 2, 2009 8:29 AM EDT

AerCap Holdings N.V. (NYSE: AER) announced that it has signed a $221 million funding facility with HSH Nordbank AG covering the pre-delivery payments for ten new Airbus A330 aircraft.

This funding facility completes AerCap's remaining pre-delivery payment requirements for its 30 A330 aircraft order. This order was placed in 2006/2007 with deliveries scheduled until 2012.

n total, AerCap has accessed over $8 billion of debt financing over the last three years including $4.5 billion raised in the turbulent market environment since the second quarter 2008."
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