AerCap has authorised a new $500 million share repurchase program, which will run through up until March 31, 2025.
"Today's announcement takes our share repurchase authorizations to $4.4 billion since March 2023 and continues AerCap's strong track record of capital return," said Aengus Kelly, the chief executive officer of AerCap.
Kelly continued: "We continue to view share repurchases as an attractive use of capital, driven by a high degree of confidence in our aircraft values and our outlook for the company. This strategy has consistently led to positive shareholder returns."
This program is in addition to the $105 million of capacity remaining under the share repurchase program announced on May 8, 2024, which runs through December 31, 2024.