AerCap has said a “favourable leasing environment” has emerged in the post-pandemic world as the company reported its financial results for the second quarter of 2022.

“AerCap generated strong results in the second quarter, with a significant increase in activity across all of our businesses,” said Aengus Kelly, CEO of AerCap.

“The ongoing recovery in air travel continued to strengthen across all major regions, and was manifested in high levels of cash collections and greater utilisation of our fleet during the quarter.

“The strength in passenger demand, coupled with supply constraints across the industry, is resulting in a favourable leasing environment.”

Nearly 3,600 aircraft in portfolio

AerCap executed 184 transactions in the second quarter of 2022, including 125 lease agreements, 16 purchases and 43 sales.

As of 30 June 2022, AerCap’s portfolio consisted of 3,599 aircraft, engines and helicopters that were owned, on order or managed.

The average age of the company’s owned aircraft fleet was 7.2 years (3.8 years for new technology aircraft, 13.1 years for current technology aircraft) and the average remaining contracted lease term was 7.2 years.

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