AerCap secures lease for three Boeing 777-300ERSF freighters with China Southern Group
AER sits 46% above its 52-week low of $105.65.
Summary
AerCap has secured lease agreements with China Southern Group for three Boeing 777-300ERSF converted freighters. This marks the first passenger-to-freighter conversion program for the 777-300ER, highlighting AerCap's innovation in its fleet offerings. The deal secures future revenue streams and strengthens a key customer relationship, following AerCap's recent $900 million senior notes offering. Deliveries are staggered from October 2027 through Q2 2028.
At the time of this announcement, AER was trading at $154.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $23.8B. The 52-week trading range was $105.65 to $155.99. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.