AerCap Holdings NV Delivers First of Ten Airbus A321neo Aircraft to Thai Airways
Dublin – On 23 December 2025, AerCap Holdings NV (NYSE: AER), the world’s largest aircraft‑leasing company by fleet value, announced the delivery of the first of ten new Airbus A321neo aircraft to Thai Airways International Public Company Limited (THAI). The aircraft were delivered in accordance with a lease agreement that will see the remaining nine aircraft delivered through 2028.
Key Transaction Details
| Item | Detail |
|---|---|
| Aircraft model | Airbus A321neo |
| Number delivered | 1 (first of 10) |
| Client | Thai Airways International |
| Delivery date | 23 December 2025 |
| Subsequent deliveries | 9 aircraft scheduled for 2026‑2028 |
| Partnership context | Long‑standing relationship between AerCap and THAI; reinforces commitment to THAI’s fleet modernization |
The A321neo, known for its improved fuel efficiency and lower operating costs, represents a significant addition to Thai Airways’ fleet, supporting the airline’s strategy to enhance network reach and passenger experience while managing operating expenses.
Implications for AerCap
- Portfolio Growth: The addition of ten A321neo aircraft expands AerCap’s European fleet, enhancing its presence in the Asian market where THAI operates a large route network.
- Revenue Stream: Lease payments from THAI provide a stable income source over the lease term, contributing to AerCap’s overall lease revenue.
- Fleet Diversification: The A321neo’s popularity among airlines seeking efficient narrow‑body aircraft bolsters AerCap’s asset mix and market appeal.
Market Context
- AerCap’s share price closed at €123.40 on 21 December 2025, within a 52‑week range of €76.82 to €124.00.
- The company’s market capitalization stands at approximately €22 billion.
- With a price‑to‑earnings ratio of 10.38, AerCap trades at a valuation that reflects its status as a leading aircraft‑leasing provider.
Corporate Overview
- Headquarters: Dublin, Ireland
- Additional Offices: Amsterdam, Los Angeles, Shannon, Fort Ladner, Singapore, Shanghai, Abu Dhabi, Seattle, Toulouse
- Sector: Industrials
- Industry: Trading Companies & Distributors
- Primary Exchange: Frankfurt Stock Exchange (listed on NYSE under ticker AER)
- Currency: EUR
The delivery underscores AerCap’s ongoing commitment to delivering high‑value aircraft to its partners and maintaining its position at the forefront of the global aircraft‑leasing industry.
