AerCap Signs Agreement to Sell Six A320 Aircraft to Avolon and Establishes Joint Venture With Avolon to Own Three A330 Aircraft

AMSTERDAM, May 25, 2010 - AerCap Holdings N.V. ("AerCap," NYSE: AER) announced today that it has
signed an agreement with Dublin-based aircraft leasing company Avolon for the
sale of six A320s. Four of the aircraft are new (2010 manufactured) and are
part of the AerVenture portfolio, a joint venture between AerCap and Abu
Dhabi's investment holding company Waha Capital. The other two aircraft are
owned by AerCap and were manufactured in 2008. All aircraft have been sold
with leases attached.

In addition to the A320 sale, AerCap has established a joint venture with
Avolon which owns three of AerCap's A330-200 aircraft on long-term leases
with Aeroflot. AerCap and Avolon will each contribute 50% of the equity
required for this joint venture. AerCap will continue to manage the aircraft
and the related leases.

AerCap's CEO Klaus Heinemann said: "Investor demand for new aircraft has
significantly increased over the last few months, especially when linked to
long-term leases with prime airlines. This market environment has provided
attractive opportunities for us to sell aircraft from our young,
fuel-efficient portfolio and from our order positions in order to achieve our
diversification objectives and further optimize our portfolio."

Domhnal Slattery, CEO of Avolon, added: "Following our successful US$1.4
billion initial capital raise, we are pleased to announce this important
transaction with AerCap and to welcome five new airline customers to Avolon.
Our objective is to build Avolon into a leading player in the global aircraft
leasing sector by deploying our capital effectively and in a manner which
meets our airline customer requirements and our expected rates of return. Our
primary focus will be on Airbus A320 and Boeing 737NG family aircraft but, as
today's announcement demonstrates, we retain the capability to invest in
long-haul aircraft which meet our risk and return criteria."

Headquartered in Ireland, with offices in New York, Hong Kong and
Shanghai, Avolon provides aircraft leasing and lease management services.
Earlier this month, Avolon successfully completed its initial capital raise
of US$1.4 billion including an equity commitment of US$750 million from three
private equity firms, Cinven, CVC Capital Partners and Oak Hill Capital
Partners.

About AerCap Holdings N.V.

AerCap is the world's leading independent aircraft leasing company.
AerCap also provides engine leasing, aircraft management services, aircraft
maintenance, repair and overhaul services and aircraft disassemblies. AerCap
is headquartered in The Netherlands and has offices in Ireland, the United
States, China, Singapore and the United Kingdom.

This press release may contain forward-looking statements that involve
risks and uncertainties. In most cases, you can identify forward-looking
statements by terminology such as "may", "should", "expects", "plans",
"anticipates", "believes", "estimates", "predicts", "potential" or "continue"
or the negative of such terms or similar terminology. Such forward-looking
statements are not guarantees of future performance and involve significant
assumptions, risks and uncertainties, and actual results may differ
materially from those in the forward-looking statements.

Contact for Media: Contact for Investors:

    Frauke Oberdieck                   Peter Wortel
    +31-20-655-9616                    +31-20-655-9658
    foberdieck@aercap.com              pwortel@aercap.com

www.aercap.com

Media: Frauke Oberdieck, +31-20-655-9616, foberdieck at aercap.com, or Investors: Peter Wortel, +31-20-655-9658, pwortel at aercap.com, both of AerCap Holdings N.V.