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Mar 24, 2026 8:01 AM

AerCap Locks In Freighter Deal With Ethiopian Airlines

AerCap Holdings N.V. (NYSE:AER) shares are up during Tuesday’s premarket session.

The company disclosed lease agreements with Ethiopian Airlines for two Boeing Company (NYSE:BA) 777-300ERSF converted freighters.

Details

The deal marks a significant milestone for AerCap as these will be the first of their kind to operate in Africa.

The company has scheduled the deliveries in the second quarter of 2028, enhancing Ethiopian Airlines’ cargo capacity and efficiency.

The CEO of Aercap, Aengus Kelly, expressed enthusiasm about deepening their partnership with Ethiopian Airlines, emphasizing the aircraft’s ability to deliver 25% more capacity than smaller twin-engine freighters.

This strategic move aligns with Ethiopian Airlines’ commitment to investing in modern, sustainable solutions to boost trade in the region.

Orders 100 Airbus Jets

Last week, AerCap ordered 100 Airbus A320neo Family aircraft, including the exercise of 45 existing options, while adding another 55 aircraft to its order book.

Engine deliveries ...