AMSTERDAM, Sept. 19, 2011 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap," NYSE: AER) today announced that its Board of Directors approved additional share repurchases above the previously announced amount of $50 million. The additional repurchase program will run through December 30, 2011 and will allow total repurchases of up to $100 million in 2011, inclusive of amounts repurchased through the previously announced programs. The total amount for shares repurchased through September 16, 2011 under the previous programs was $48.0 million.
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.
AerCap is the world's leading independent aircraft leasing company and currently owns and manages a fleet of 335 aircraft and 95 engines. AerCap is headquartered in The Netherlands and has offices in Ireland, the United States, China, Singapore, the United Arab Emirates, and the United Kingdom (www.aercap.com).
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