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Irish Aircraft Leasing Newsletter 20 July

Irish Aircraft Leasing Newsletter 20 July

AerCap Holdings N.V. Announces Debt Tender Offers

AerCap announced the expiration and results of the previously announced offers to purchase for cash commenced by AerCap Global Aviation Trust for its own account as successor to International Lease Finance Corporation or for its own account and on behalf of AerCap Ireland Capital Designated Activity Company as applicable, for any and all of the notes listed in the table. The offers to purchase with respect to each series of Notes are being referred to herein as the “Offers” and each, an “Offer.” Each Offer was made upon the terms and subject to the conditions set forth in the offer to purchase, dated 13th July and its accompanying notice of guaranteed delivery.

AerCap Holdings N.V. to Release Second Quarter 2020 Financial Results on July 29, 2020

AerCap announced it will host a conference call and webcast for investors and analysts on Wednesday, July 29, 2020 at 8:30 a.m. Eastern Time to review its second quarter 2020 financial results.

Genesis Expands Commercial Team

Genesis announced the expansion of its commercial team with the appointments of Owen Croucher and Mark Hegarty, to vice president roles within the company.  Owen will cover Genesis’ Eastern Europe, Russia, Middle East and Africa customers and markets. Mark will cover Genesis’ European and Asian customers and markets. Commenting on the news, Karl Griffin, CEO of Genesis said “We are delighted to announce the appointment of Owen and Mark today. The expansion of our commercial team provides closer support to meet our customers’ needs during such turbulent times and is in support of our long-term growth strategy. We welcome Owen and Mark to the Genesis team and wish them the very best in their new roles”.

Nordic Aviation Capital agrees debt standstill with lenders

Nordic Aviation Capital announced that its lenders have voted unanimously to approve its proposed scheme seeking to implement a standstill on and deferral in respect of certain payment of interest and principal on its borrowings, covering the next 6-12 months. Gareth Halpin, Chief Funding Officer of Nordic Aviation Capital, said “This agreement has required months of hard work between teams across the world. We have liaised with more than 85 lenders who have been very constructive and supportive, and we appreciate their trust in our people and our business model. We look forward to working alongside all of them as the economy begins to recover”.

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