AERCAP HOLDINGS N.V. February 17, 2022
AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) today announced it will provide 10 scholarships to students of the Faculty of Engineering at the International School of Engineering at Chulalongkorn University, Thailand's number one ranked university and a world-class leader in aerospace engineering education.
Over a 4-year period, AerCap will provide 10 fully funded scholarships to students of the undergraduate degree program in Aerospace Engineering. In addition to the scholarships, AerCap will provide a range of tailored supports to students, including guest lectures and workshops, and summer internships. As part of the scholarship program, final year students will undertake a research project in collaboration with AerCap. The project will focus on AerCap's environmental objectives, to transition to a lower-carbon economy through the purchase of new technology fuel-efficient aircraft, to reduce its carbon footprint and to drive sustainable growth for its airline customers and the wider aviation industry.
AerCap has been leasing aircraft to Thai customers for over 40 years. During this time, AerCap has developed deep ties with the Thai aviation industry through its partnership with Thai Airways, Bangkok Airways, Air Asia X Thailand and Nok Air.
Aengus Kelly, Chief Executive Officer of AerCap, said, "We are very proud to partner with such a prestigious institution as Chulalongkorn University. While we recognize the financial hardship and difficulties faced by many people across the world as a result of the global pandemic, it is very important to continue to educate the next generation of aerospace pioneers through educational programs such as this degree in Aerospace Engineering. Through this initiative, AerCap will support the Royal Thai Government's goal of making Thailand the center of aviation in South-East Asia. We look forward to collaborating with the Faculty of Engineering at Chulalongkorn over the coming years."
Prof. Supot Teachavorasinskun, Dean of the Faculty of Engineering, Chulalongkorn University said, "This collaboration between Chulalongkorn University and AerCap represents a dedicated effort to ensure Thailand's future as a regional aviation hub. Strong collaborative links between industry and academia are crucial for the provision of a cutting edge and industry-relevant engineering education. This aligns directly with Chulalongkorn University's mission to continue leading in this capacity, with a commitment to industry-led workshops and lectures, along with industry research projects - all contributing to an engaging and enriching learning experience. AerCap's substantial and generous scholarship program will support the Aero Engineering program in continuing to attract highly talented individuals into this growing and flourishing industry."
In the Message presented to AerCap by the Faculty of Engineering, H.E. Mr. Saksayam Chidchob, Minister of Transport of Thailand, said, "On behalf of the Ministry of Transport, I would like to congratulate AerCap and the Faculty of Engineering, Chulalongkorn University, for their cooperation. This scholarship program will strengthen cooperation and collaboration on aviation through various activities, including educational support initiatives. AerCap's scholarships to students at Aerospace Engineering Program provides excellent opportunities and consideration on human resource development. Lastly, I am confident that Chulalongkorn University and AerCap will continue to develop high-quality education in aerospace engineering to support the aviation industry in the future."
About AerCapAerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle, Toulouse and other locations around the world.
About Chula EngineeringThe faculty is Thailand's oldest and finest engineering school. For many years, it is ranked as the best engineering school in Thailand and listed as one of the top engineering schools in Asia. Dedicated to developing basic concepts into innovative ideas, the faculty works for the betterment of the Thai and global societies.
Forward-Looking Statements
This press release contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements". In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "should," "expect," "plan," "intend," "estimate," "anticipate," "believe," "predict," "potential" or "continue" or the negatives thereof or variations thereon or similar terminology. All statements other than statements of historical fact included in this press release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors, including the impacts of, and associated responses to: the Covid-19 pandemic, our ability to successfully integrate GECAS' operations and employees and realize anticipated synergies and cost savings; and the potential impact of the consummation of the GECAS transaction on relationships, including with employees, suppliers, customers and competitors, that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.
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Ms. Gillian Culhane
Vice President Corporate Communications, AerCap
Email: gculhane@aercap.com
Tel. + 353 1 6360945
Ms. Thitinan Nitiphumiveshsakul
PR & Marketing Officer, International School of Engineering (ISE)
E-mail:Thitinan.n@chula.ac.th
Tel. +66 2 218 6422 ext. 114
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AerCap Holdings NV published this content on 17 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 February 2022 04:03:07 UTC.
