AerCap is the global leader in aviation leasing with 2,063 aircraft owned, managed or on order, over 1,000 engines (including engines owned and managed by Shannon Engine SupportSES), over 300 owned helicopters, and total assets of $71 billion as of June 30, 2024.

AerCap's ordinary shares are listed on the New York Stock Exchange under the ticker symbol AER. AerCap's headquarters are in Dublin, Ireland, with other offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai and other locations.

It is rated internationally BBB+ by S&P, BBB by Fitch and Baa1 by Moody's and is the world's first independent lessor to hold investment grade rating. The Company serves approximately 300 customers around the world with comprehensive fleet solutions and has an employee base of c.650 people.

The proposed investment is in the form of a long-term, secured, and guaranteed debt financing of up to US$155.5 million to a special purpose vehicle (the SPV or the Borrower) incorporated in Ireland. The starting loan to value (LTV) percent depends on the current valuation of the 13 engines, which stands at approximately US$239 million based on average maintenance adjusted valuation (based on three valuation reports), translating to an LTV percent of approximately 65 percent for the proposed loan amount of US$155.5 million.

Ireland/India

This is a Category B project according to IFC’s Policy on Environmental and Social Sustainability (2012) because the IFC-financed business activity has limited adverse environmental or social risks and/or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures. Considering that AerCap SPV will not have a direct role in the delivery, operation, maintenance, or repair of the leased engines, the key E&S aspect under this project relates to monitoring by the SPV of the Lessee’s compliance with the lease agreement provisions, Original Equipment Manufacturer (OEM) specifications, and regulatory authority directives; especially where these involve health and safety conditions, and pollution prevention.