AerCap Signs Lease Agreements With JD Airlines For Four 737-800 Boeing Converted Freighters

AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) today announced it has signed lease agreements for four 737-800 Boeing Converted Freighter (BCF) aircraft with JD Airlines, the cargo airline of JD Logistics (also known as Jingdong Logistics), which are scheduled for delivery in 2024.

The aircraft will be operated on behalf of JD Logistics, the subsidiary of JD.com, a leading supply chain-based technology and service provider in China. The aircraft will be based in Nantong Xingdong International Airport and will operate routes between the major economic hubs of Nantong, Beijing, Shenzhen, Wuxi, and across Asia.

AerCap currently has three 737-800BCF aircraft on lease to JD Airlines.

Commenting on the agreement, Rich Greener, the Head of AerCap Cargo, said, "We are delighted to announce this new agreement with JD Airlines, marking an exciting expansion of our business relationship. The addition of these four 737-800BCF aircraft to their fleet will enable JD Airlines to respond to the ever-growing demand for e-commerce and express deliveries. We wish the JD Airlines team continued success and look forward to many more years of successful collaboration."

AerCap Cargo has more than 30 years' experience in freighter leasing, including Passenger-to-Freighter (P2F) conversions, with more than 100 successful conversions.