AerCap raised its full-year earnings guidance and increased its share buyback programme by $500m, on what the world's largest aircraft lessor described as robust demand from a booming airline industry.
Full-year adjusted earnings per share are expected to be approximately $9.50, Dublin-based AerCap said in a statement, up from a forecast of $8.50-$9 three months ago.
Basic lease rates in the three months to the end of September were up 7% on the same period last year, it said.
The $500m share repurchase programme takes total authorisations to $2.65 billion so far this year.
"Our underlying business continues to perform well and demand for our assets remains robust," chief executive Aengus Kelly said in a statement.
