AMSTERDAM and MIAMI -- AerCap Holdings N.V. announces that its subsidiary, AeroTurbine Inc. of Miami, has signed an agreement with aviation maintenance company Aveos (formerly "ACTS" and "Air Canada Technical Services") for an initial period of five years. Under this non-exclusive agreement, AeroTurbine will supply Aveos with certain engine and airframe components.

Initially, AeroTurbine will acquire and lease certain Airbus A320 and Boeing 737 rotables to Aveos. AeroTurbine will also lease additional inventory to Aveos to augment their current inventory. Aveos is authorized to position the material at various locations around the world to meet its customer needs.

"Following our agreement with British Airways last year, this transaction again demonstrates AeroTurbine's ability to contract long-term business in the inventory logistics arena with equally long-term revenue streams," says Michael King, AeroTurbine president and CEO. "We look forward to building upon an already strong business relationship with Aveos and together further increasing the market impact of our combined supply chain management capabilities."

"The agreements will further strengthen Aveos' rotables inventory to continue providing customers with efficient, integrated solutions for today's competitive marketplace, as well as providing support to the Engine Solutions unit," says Tom Wilson, Aveos VP of component maintenance and business development. "We look forward to a continued relationship with AeroTurbine that has demonstrated flexibility in their ideas and solutions."

AeroTurbine and Aveos have also signed a five-year agreement under which Aveos will support AeroTurbine with engine repairs and overhaul for the CFM56-2/3 & -5 engine types.

For more information visit www.aveos.com.