AerCap Settles Lawsuit with GE

AMSTERDAM, November 30, 2012 – AerCap Holdings N.V. (AerCap) today announced it has settled its lawsuit against GE Capital Corporation and GE Capital Aviation Services (GECAS) and withdrawn with prejudice the complaint filed in New York State Court in February 2012 concerning servicing agreements relating to aircraft leases with Transbrasil S/A Lineas Areas, a now-defunct Brazilian airline.

Although the details of the settlement agreement are confidential, information exchanged since the initiation of AerCap’s lawsuit has satisfied AerCap that GECAS did not commit fraud and otherwise has a reasonable basis for the position that it did not breach the standard of care owed under the servicing agreements. GECAS was the servicer of aircraft owned by AerCap and leased to Transbrasil. The GECAS servicing relationship with AerCap ended in 2001.