# AerCap Holdings N.V. > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/fi/companies/AerCap Holdings N.V.). ## Overview AerCap Holdings N.V. is an aircraft leasing company based in Dublin that owns, manages, and finances commercial aircraft, engines, and helicopters for airlines and other operators around the world. Its business centers on providing fleet solutions through long-term lease contracts, asset sales, and related aviation support activities. ## Products & services • Operating leases for commercial aircraft • Engine leasing and fleet support • Helicopter leasing • Aircraft sales and trading • End-of-lease and fleet solutions - **Aircraft leasing** (70%) — Leasing of commercial aircraft to airline customers under long-term contracts. - **Engine leasing** (15%) — Leasing of aircraft engines and related engine support services through owned assets and joint ventures. - **Helicopter leasing** (5%) — Leasing of owned helicopters to operators in aviation and related specialty markets. - **Aircraft trading and sales** (10%) — Sale of aircraft and related portfolio management activities when assets are rotated or monetized. - Operating leases for commercial aircraft - Engine leasing and fleet support - Helicopter leasing - Aircraft sales and trading - End-of-lease and fleet solutions ## Customers AerCap sells primarily to airlines and aircraft operators that need access to fleet capacity without buying aircraft outright. It also serves customers that require engines, helicopters, or portfolio-based fleet solutions, making the business exposed to airline traffic, fleet renewal cycles, and aircraft utilization trends. - **Commercial airlines** (primary) — Lease narrowbody and widebody aircraft for scheduled passenger and cargo operations. - **Engine operators and MRO users** (secondary) — Lease engines for spare coverage, maintenance downtime, and fleet continuity. - **Helicopter operators** (secondary) — Lease helicopters for specialty aviation and transport use cases. - **Aviation portfolio customers** (secondary) — Buy or lease aircraft and fleet packages as part of broader fleet management decisions. - Commercial airlines leasing aircraft for capacity and fleet flexibility - Operators needing engines to cover maintenance and replacement demand - Helicopter users seeking leased aircraft for specialty transport missions - Customers buying fleet solutions rather than owning aircraft outright - Counterparties across global aviation markets, around 300 customers ## Geography AerCap is headquartered in Dublin and operates through offices in Miami, Shannon, Memphis, Singapore, London, Dubai, Shanghai, Amsterdam, and other locations. Its customer base is global, so the business depends on aircraft deployed across multiple regions and on the ability to manage assets, contracts, and technical support internationally. - Headquartered in Dublin, Ireland - Offices in Miami, Shannon, Memphis, Singapore, London, Dubai, Shanghai, Amsterdam - Global customer base with approximately 300 customers worldwide - Aviation assets are deployed across international airline markets - International footprint supports servicing, marketing, and asset management ## Strategy AerCap's strategy is built around a large, diversified fleet and a broad customer base, which supports cross-selling across aircraft, engines, and helicopters. The company also emphasizes order-book depth, fleet solutions, and disciplined asset management to maintain scale and flexibility in a cyclical industry. - **Grow and renew the leased fleet** (medium-term) — A modern and diversified fleet strengthens demand from airlines and supports long-term lease placement. - **Broaden fleet solutions across aircraft and engines** (medium-term) — Bundling assets and support services can deepen customer relationships and improve utilization. - **Maintain global diversification** (long-term) — A wide customer and regional base reduces concentration risk and supports placement of assets across cycles. - Expand and refresh the aircraft portfolio through disciplined ordering - Serve airlines with integrated fleet solutions across aircraft and engines - Use global scale to diversify customer, asset, and geographic exposure - Manage the asset book to support lease placement and secondary sales - Maintain flexibility through portfolio rotation and financing capacity ## Risks AerCap is exposed to airline traffic cycles, aircraft residual value risk, and airline credit risk because its assets are leased to operators over long contract horizons. The business also depends on access to capital markets and effective management of a large, globally distributed asset portfolio, while derivative and financing structures add accounting and valuation complexity. - **Airline credit deterioration** [high] — Lease receivables and aircraft placements depend on financially healthy airline customers. - **Aircraft residual value decline** [high] — The economics of aircraft leasing depend on end-of-life asset values and redeployment prices. - **Funding and liquidity dependence** [high] — Aircraft ownership requires ongoing access to debt and capital markets. - **Aviation cycle sensitivity** [medium] — Demand for leased aircraft rises and falls with passenger traffic, fleet renewal, and airline profitability. - **Derivative valuation volatility** [medium] — Interest-rate and other hedging instruments can create earnings and OCI swings. - Airline customer defaults can disrupt lease income and asset redeployment - Aircraft residual values can fall if models, engines, or demand weaken - Financing and refinancing needs are important because the business is asset intensive - Global aviation demand is cyclical and sensitive to macroeconomic shocks - Derivative and fair-value movements can affect reported earnings and equity ## Accounting AerCap's accounting is shaped by lease accounting, depreciation of large aircraft assets, and fair-value or mark-to-market effects on derivatives and financing instruments. Because aircraft are long-lived assets with residual value assumptions, judgments on useful lives, impairments, and recoverability can materially affect reported results and balance-sheet values. - **Aircraft residual value estimates** — Can materially change asset values and earnings - **Derivative accounting** — Creates reported volatility unrelated to core leasing performance - **Long-lived asset impairment** — Can reduce earnings and book value - **Lease income recognition** — Affects quarterly comparability - Lease income timing affects revenue recognition under long-term contracts - Aircraft depreciation and residual value estimates drive asset carrying values - Derivative accounting creates OCI and earnings volatility - Impairment testing matters for aircraft and related long-lived assets - Lease and financing structures require careful classification and disclosure --- *Last updated: 2026-09-28T11:57:36.856506+00:00*