AerCap N : Corporate Responsibility Report (Corporate Responsibility Report for 2025)

Published: 2026-04-21 11:02:09 ET AER

Published on 04/21/2026 at 11:02 am EDT

April 22, 2026

OVERVIEW CARE FOR OUR ENVIRONMENT CORPORATE CITIZENSHIP WORLD-CLASS GOVERNANCE REPORTING APPROACH 2

AerCap plays a key role in supporting the global air transport industry, a sector that supports 86.5 million jobs and contributes $4.1 trillion to global GDP*

Aviation contributes to the growth, affordability and accessibility of air travel by enabling airlines to connect communities around the world.

With ~300 customers and a portfolio consisting of 3,500 aircraft, engines, and helicopters that are owned, managed or on order, AerCap is the industry leader across all areas of aviation, and we actively support our customers in their decarbonization efforts.

58%

INTERNATIONAL

TOURISTS

Percentage of international tourists who travel by air

33%

WORLD TRADE

Air transport carries around 33% of world trade by value and less than 1% by volume

61.4

MILLION TONNES/FREIGHT

Tonnes of freight handled by air

TRILLION CARGO/VALUE

Value of cargo handled by air

86.5

MILLION JOBS

Jobs supported by aviation worldwide

$4.1

TRILLION ECONOMIC IMPACT

Aviation's total global economic impact, including direct, indirect, induced and tourism-enabled

3.9%

OF GLOBAL GDP

supported by aviation

Globally, each aviation job generates

€92,000 in gross value added ("GVA"). Aviation jobs are on average 3 times more productive than other jobs

*ATAG Benefits Beyond Borders - published January 2025, relating to year 2023 (latest available)

Reporting Period

This report covers AerCap's 2025 financial year from January 1, 2025 to December 31, 2025

Reporting Scope

Information in this report covers AerCap Holdings N.V. and all of our consolidated subsidiaries (which are listed in Exhibit 8.1 of our 20-F), unless specified otherwise

Reporting Process

We follow the recommended reporting principles of stakeholder inclusiveness, sustainability context, significance and completeness

This report is produced with reference to the GRI Standards

We value our stakeholders' input and welcome feedback on this report or any aspect of our ESG approach

Contacts:

ESG

Donal Handley

Head of Government Affairs & Sustainability

[email protected]

Media

Gillian Culhane

Head of Corporate Communications & Marketing

[email protected]

01 OVERVIEW

03 CORPORATE CITIZENSHIP

05 REPORTING APPROACH

Corporate Sustainability CEO & Committee Chair Message

Our Employees

AerCap's Leading Role in Policy Collaboration

About AerCap

Our Employee Engagement Program

Our Stakeholder Mapping & Engagement Approach

Corporate Responsibility Highlights for 2025

Supporting Education

ESG Rating Agencies

Our Approach to ESG Risk Factors

Corporate Social Responsibility Outreach

Materiality Assessment

Aligning Our Actions with the UN's Sustainable Development Goals

GRI Content Index

02 CARE FOR OUR ENVIRONMENT

04 WORLD-CLASS GOVERNANCE

Supplemental Information

Aviation Continues to Make Progress

AerCap Board of Directors

Net-Zero AerCap Considerations

Corporate Sustainability Governance Structure

Fleet Transformation & Carbon Intensity Reduction

Ethics and Compliance Privacy and Data Protection

Circular Economy and Aviation

Information Security

Cargo Conversion Programs

Risk Management Transparent Tax Policies

Milestone - Supporting Climate Change Adaptation

Efficient AerCap Office Operations

Funding of Emissions Reduction Projects

Carbon Emissions Disclosures

Scope 3 Emissions 2024 v 2025

OVERVIEW CARE FOR OUR ENVIRONMENT CORPORATE CITIZENSHIP WORLD-CLASS GOVERNANCE REPORTING APPROACH 5

Dear Stakeholders,

It is with great pleasure that we present AerCap's Corporate Responsibility Report covering the year 2025.

AerCap's leadership in Corporate Sustainability continues to be recognized by external ratings agencies. In September 2025, we improved our rating from Morningstar Sustainalytics and were subsequently confirmed by that rater

as a "2026 Industry ESG Leader". This is important, independent recognition of our approach and credibility regarding environmental, social and governance matters.

2050 report, which confirmed that the long-term goal of decarbonizing the civil aviation industry by 2050 is still achievable, but only if decarbonization

momentum is accelerated, especially over the next five years.

The report highlighted the criticality of deploying fuel-efficient aircraft faster into the fleet. In that regard, AerCap continues to play a key role in supporting its customers in meeting their ambitions. We are at the forefront of the transition to new technology, having invested over

$60 billion in new technology assets since 2015, thereby lowering the operating costs and carbon emissions of our airline customers.1 This investment has led to an 18% reduction in gCO2 per seat/km across our fleet.2

In 2025, we completed the purchase of 71 fuel-efficient aircraft and sold 108

aircraft with an average age of 15 years, which had the direct result of our airline customers reducing their emissions intensity by ~2%.

Having achieved our previous target

aircraft, engines and helicopters - an industry first (as of December 31, 2025, AerCap's combined portfolio consisted of

~76% new technology assets).

Beyond fleet renewal, AerCap is also continuing to collaborate with industry partners and policymakers to explore, support and advocate for progress towards net-zero aviation through key areas such as:

AerCap Materials: Aircraft decommissioning and recycling, supporting the circular economy

AerCap Cargo: Conversion programs extend the useful life of in-service aircraft and avoid the environmental impact of building new freighter aircraft. Following successful certification by the FAA, AerCap Cargo delivered 8 x Boeing 777-300ERSF aircraft to our cargo customers in 2025

Sustainable Aviation Fuels ("SAF"): AerCap is a launch partner of the Airbus Book & Claim Demonstrator

In 2025, AerCap contributed to reducing our direct (Scope 1) and indirect (Scope 2 and Scope 3 business travel) GHG emissions by purchasing carbon credits equivalent to 100% of our unavoidable emissions for the year 2024.

Our Board-level Corporate Sustainability Committee met 3 times during 2025, monitoring the implementation of our work program. By identifying areas where we can maximize our impact and by proactively addressing key risks and opportunities, we aim to drive meaningful change within our industry.

With a team of ~670 highly skilled professionals, we bring an unparalleled depth of expertise to everything we do. Our high-performance culture is driven by the core values of Ambition, Excellence and Respect, and we are committed to fostering an inclusive environment where our people feel empowered to do their best work and achieve their full potential.

We conduct our business with integrity and responsibility, continuously striving to build and sustain long-term,

These values guide our actions and support sustainable value creation for AerCap and its stakeholders. They are embedded in our Code of Conduct and reinforced through our ethics and compliance policies, procedures,

training and programs. Ethical behavior is championed and modeled by our senior leadership team.

In 2025, AerCap and its employees contributed over $1.2 million to over 70 local, national and international charities and organizations across a wide range of causes - a reflection of our ongoing commitment to the communities we serve.

As we look ahead, we extend our sincere appreciation to our stakeholders for their continued trust and support. Together, we will continue advancing a more sustainable, resilient and prosperous future for AerCap and for the global aviation industry.

In September 2025, we improved our rating from Morningstar Sustainalytics and were subsequently confirmed by that rater as a "2026 Industry ESG Leader". This is important, independent recognition of our approach and credibility regarding environmental, social and governance matters.

In February 2026, the Air Transport Action Group ("ATAG") - of which AerCap is a member - issued its WayPoint

during the year, we also set an ambitious new target to achieve ~85% new technology assets by 2030, including

initiative and we completed our first transaction in December 2025

mutually beneficial relationships with our customers, suppliers, shareholders, employees and all other stakeholders.

Aengus Kelly

CEO,

AerCap

Stacey Cartwright Corporate Sustainability Committee Chair

OVERVIEW CARE FOR OUR ENVIRONMENT CORPORATE CITIZENSHIP WORLD-CLASS GOVERNANCE REPORTING APPROACH 66

UNRIVALED LEADER IN AVIATION

3,500 Assets

With total assets of ~$72 billion and a fleet of over 1,930 owned, managed or committed aircraft, over 1,200 spare engines and over 300 helicopters, our unmatched team of aviation experts is leading and shaping the aviation leasing industry¹

LONG-TERM INVESTMENT STRATEGY

Entire Asset Lifecycle

We engage across the entire asset lifecycle (~25 years), including order books, sale & leasebacks, operating leases, finance leases, purchasing, sales transitioning, repurposing (cargo conversion/helicopter adaptation), part-outs and final decommissioning. We have set an 85% new technology target by 20302

UNIQUE INDUSTRIAL PARTNERSHIPS

Deep Partnerships with Airframe and Engine OEMs and ~300 active customer relationships

We support OEMs in their production plans and global airline fleet management. In the last decade, AerCap has taken delivery of more aircraft than any other airline or lessor

TRANSITIONING TO A GREENER FLEET

Over $60 billion invested in new technology assets since 2015

We are at the forefront of the transition to new technology, having invested over $60 billion in new technology assets since 2015, thereby lowering the operating costs and carbon emissions of our airline customers3

ATTRACTIVE ORDER BOOK

>280 new technology aircraft

Our order book is comprised exclusively of the most in-demand, fuel-efficient, new technology assets, around which airlines are building their future fleets

HIGH-CALIBER TEAM

~670 skilled aviation professionals

With 50 years of experience dating back to the founding of the aircraft leasing industry, AerCap has an unrivaled level of expertise; our ongoing commitment to the development of our employees is a key tenet of our success

See Supplemental Information - Endnotes

AerCap continues to make progress on key environmental sustainability, social responsibility and governance matters

ESG LEADERSHIP

AerCap's ESG leadership continues to be recognized by external rating agencies. In September 2025, AerCap's Sustainalytics rating improved from 17.8 to 13.4 (achieving "low

risk" status) and Sustainalytics subsequently named AerCap a "2026 Industry ESG Leader", underscoring the company's approach to ESG

In 2025, AerCap joined Airbus SAF Book & Claim Demonstrator as a launch partner. The partnership reinforces AerCap's commitment to facilitating the industry's transition to net-zero through innovative, system-wide decarbonization mechanisms

In 2025, AerCap mitigated 100% of its unavoidable Scope 1, Scope 2 and Scope 3 (business travel) emissions through high-quality carbon credits

COLLABORATION REMAINS AT THE FOREFRONT

AerCap provides a unique level of engagement, collaboration and cooperation across the entire aviation ecosystem through our Government Affairs & Sustainability function

In 2025, AerCap engaged extensively with governments (United States and EU) and industry associations on both sides of the Atlantic to ensure aviation secured special recognition within the new U.S.-EU trade agreement

The Company engages regularly with policymakers, industry stakeholders, OEMs, airlines and trade bodies at global, regional and national levels

TRACKING OUR 85% NEW TECHNOLOGY ASSETS TARGET1

In 2025 AerCap completed the purchase of 71 fuel-efficient aircraft and sold 108 aircraft with an average age of 15 years, which improved our Scope 3 fixed-wing emissions intensity by ~2% across our fleet2

The average age of our fleet of owned passenger aircraft, weighted by net book value, was 7.3 years as of December 31, 20253

As of December 31, 2025, new technology assets represented ~76% of AerCap's flight equipment assets, (aircraft, spare engines and helicopters) with an additional ~$15 billion of new technology assets on order

CORPORATE SOCIAL RESPONSIBILITY

In 2025, AerCap, together with our employees,

donated over $1.2 million to over 70 local, national and international charities and organizations across various causes

AerCap continues to provide multi-year support to several key charitable partners, including Milford Hospice and Care Centre in Limerick, LauraLynn Children's Hospice in Dublin and St. Francis Hospice and Our Lady's Hospice & Care Services in Dublin

In addition, AerCap served as a Silver Sponsor of the Stripe Young Scientist & Technology Exhibition in Dublin (established in 2025), where we presented the AerCap Sustainable Skies Award

See Supplemental Information - Endnotes

ENVIRONMENTAL-RELATED RISKS

Indirect Physical Risks

The occurrence of severe weather events or natural disasters may impact demand for air travel or make airlines unable to operate from certain regions, and the frequency or severity of these types of events may worsen as a result of climate change¹

However, due to the mobile nature of our assets and our ability to work effectively from various locations, we consider direct physical risks to AerCap to be limited

Indirect Transition Risks

Due to growing concerns over the risks of climate change, many jurisdictions are moving towards imposing more stringent limits on greenhouse gas emissions from aircraft engines²

The general public's increasing interest in less carbon-intensive travel methods will likely lead to airlines favoring aircraft with lower emissions, and airlines may choose to exit older technology assets more quickly

This may affect lease rates on our older technology aircraft and pose a risk to their residual values

AERCAP APPROACH

99.9% of our total reported emissions in 2025 related to Scope 3 downstream use of our owned assets across our global fleet. We do not have direct control over these emissions, as our customers operate these assets

Financing the replacement of older aircraft/engines with lower-emitting new technology aircraft is our key and most direct contribution to the challenge. In 2025, we set a new ambitious target of 85% new technology assets by the end of this decade, including aircraft, engines and helicopters - an industry first

Our focus on supporting our customers' fleet renewal plans and being able to provide best-in-class new technology aircraft has resulted in an ~18% reduction in AerCap's gCO2/ASK ("Available Seat Kilometers") over the last decade3

In 2025, we purchased 71 fuel-efficient, new technology aircraft and sold 108 primarily older technology aircraft with an average age of 15 years, improving the profile of our portfolio

As the largest aviation lessor, with an installed base of assets with ~300 customers, we are frequently asked to partner with the aircraft OEMs on major campaigns for new technology aircraft

AerCap is continually exploring how to encourage the scale-up of SAF to support our customers' emissions reduction efforts. In 2025, AerCap became a launch partner for Airbus's SAF Book & Claim Demonstrator initiative

Through our Government Affairs & Sustainability function, we actively engage policymakers and industry on regulatory developments across all net-zero aviation areas

AerCap is a strategic associate member of the Air Transport Action Group ("ATAG") as well as a member of aviation sustainability bodies overseen by the European Commission, including the Renewable Low Carbon Fuel Alliance ("RLCFA") and the Alliance for Zero Emission Aircraft ("AZEA")

Through AerCap Cargo, we recycle older aircraft by placing them into cargo conversion programs, helping to extend the usable life of these aircraft and reduce emissions from production

Through AerCap Materials, we efficiently retire aircraft where ~85%-90% of the aircraft can be processed for recycling and reuse, with strict processes around adherence to environmental and safety protocols4

We continue to engage with our OEM partners, airlines, and other industry players in discussions regarding the design and commercialization of the next generation of aircraft and engine technology

See Supplemental Information - Endnotes

SOCIAL RELATED RISKS

Internal Risks

Aircraft leasing is a competitive industry. Our business relies heavily on people, and our ability to attract and retain the best talent in the industry

Our stance and actions, either as a company or by our employees individually, directly convey our values

Downstream Risks

Increased public scrutiny over social aspects of airlines' behavior may lead to disruptions to airline schedules or impair airlines' ability to operate at full capacity and efficiency, thereby affecting their ability to meet their lease obligations

Upstream Risks

Social issues adversely affecting the ability of our suppliers, the OEMs, to meet their delivery obligations may impact our financial performance and pose potential reputational risks

AERCAP APPROACH

We are committed to developing programs and initiatives to support the AerCap community

AerCap has a high-performance culture and operates in a dynamic and fast-paced industry. Our employees are one of our most important assets and we seek to hire, reward, and retain the best talent in the industry to help retain our global leadership position

AerCap offers attractive remuneration packages to our employees, including competitive salaries, performance-based bonuses, and employee share schemes, as well as comprehensive health and dental coverage and a wide selection of wellness initiatives promoted throughout 2025

We are focused on building a diverse talent pipeline, both internally through our continuous professional development programs and externally through our commitment to supporting the next generation of aviation professionals through a variety of educational programs. These programs help to cultivate a diverse, highly skilled talent base to drive the industry's future growth and innovation

We are committed to creating an environment where our employees can grow and develop while contributing to the ongoing success of the company, regardless of race, religion, gender, marital status, family/civil status, sexual orientation, age or disability

At an industry level, we partner with a variety of organizations that are focused on advancing gender diversity and gender equality, including Advancing Women in Aviation Roundtable ("AWAR"), Women in Aviation Singapore Chapter, and PropelHer

Our CSR Committee is led by employees and has representatives from our Dublin, Shannon and Singapore offices, as well as representatives in each of the larger overseas offices who coordinate local initiatives

We partner with charities in our local communities and with our airline customers and OEMs on charitable and social initiatives. In 2025, AerCap, together with our employees, donated over $1.2 million to over 70 local, national, and international charities and organizations across various causes

GOVERNANCE RELATED RISKS

Aircraft leasing requires both financial and industrial expertise, so it is important to have the correct mix of expertise on the Board of Directors

Having operations, assets and customers in many different parts of the world requires internationally diverse expertise

Regulation of aircraft and engine noise and emissions levels is increasingly being adopted and can apply based on where the aircraft is registered or where the aircraft is operated

Given that aviation is a hard-to-abate sector, there is a heightened risk of greenwashing claims

IT security threats continue to evolve with growing complexities

Following the implementation of the General Data Protection Regulation ("GDPR") in the EU, the mishandling of personal data can result in significant financial and reputational damage to the Company

Although some jurisdictions have recently rolled back on planned climate-related reporting requirements, (e.g., the broad reduction at a federal level in the U.S. and reduced requirements by the EU), public ESG and sustainability reporting remains important for many lenders, investors, shareholders and other third parties

AERCAP APPROACH

Our Board of Directors is a key competitive advantage for AerCap, and provides a wealth of knowledge and experience, with deep industrial and financial expertise, as well as diversity of gender and nationality

We strive to conduct our business with integrity and in an honest and responsible manner and to build relationships with our customers, suppliers, shareholders, employees and other stakeholders

Governance of ESG-related risks and opportunities was further enhanced with the establishment of a Board-level Corporate Sustainability Committee in December 2021 (previously known as the ESG Committee)

Our Government Affairs & Sustainability function, located in Brussels, is focused on legislative developments and strategic matters emerging from Europe and beyond, helping AerCap to understand the emerging regulatory landscape and be heard

Our Code of Conduct outlines the high standards and business principles expected from all employees and business partners

No material/reported compliance breaches or major lawsuits against AerCap in 2025

AerCap has adopted and maintains an active cybersecurity strategy, including preventative technology solutions, to assess, identify and manage material risks from cybersecurity threats and to respond to cybersecurity incidents

Following our 2025 AGM, we reached out to investors which in the aggregate held approximately 58% of outstanding shares and met with 27 shareholders representing approximately 51% of outstanding shares, including our top 10 institutional investors. These engagements focused primarily on corporate governance, Board composition, and executive compensation matters.

Transparency: AerCap has published an annual Corporate Responsibility Report since 2018 - and each year we strive to improve the report to promote transparency and to confirm that the disclosures provided are relevant and focused on what matters most to our stakeholders

Industry coordination and support to the European Commission

AerCap is committed to supporting the Sustainable Development Goals ("SDGs") of the United Nations ("UN") through our strategy and our actions

AerCap offers a range of health and wellbeing programs for our employees, including comprehensive medical and dental insurance

We are committed to maintaining an environment where employees feel safe and are treated with mutual dignity and respect

AerCap supports the next generation of aviation industry professionals through a variety of educational programs and scholarships

AerCap provides support for all staff to pursue continued professional development

43% of our employees, 28% of our senior management and 40% of our board are female

AerCap continues to support the development of the next generation of female talent through several educational and industry-led initiatives

Our employees are one of our most important assets and we seek to hire, reward and retain the best talent in the industry

We are committed to training and developing our employees

Over $1.2 million contributed through the CSR Committee to community charities and initiatives in 2025

AerCap has zero tolerance for human rights violations, including, but not limited to, modern-day slavery, forced labor, child labor or human trafficking

Zero-to-landfill policy in our Dublin office and increased recycling

Donation of ~28,000 "Re-Turn" bottles to local charities

Organic waste from the Dublin Office is converted to sustainable fuel

Catering in our Ireland offices is part of the Origin Green National Food and Drink Sustainability Program

AerCap Materials has over 50 years' experience in dismantling aircraft for re-use and recycling

Installation of 108kWp of Solar Panels at our Dublin and Shannon Offices

100% mitigation of emissions under AerCap's operational control

Support and engagement with the Community Foundation Ireland Biodiversity Fund and the Home Tree Charity

Our order book is comprised of 100% new technology aircraft, the most fuel-efficient aircraft available

We strive to conduct our business with integrity and in an honest and responsible manner

We have various policies and procedures in place designed to facilitate compliance with relevant laws and regulations; details of some of our most important policies can be found on our website and throughout this report

The latest Waypoint 2050 analysis, published in February 2026 by the Air Transport Action Group ("ATAG"), reinforces that the aviation sector still has a credible path to net-zero carbon by 2050, but only if action is taken now¹

Deploy fuel-efficient aircraft faster into the fleet:

Advances in engine and airframe designs have reduced carbon intensity by over 80% since the introduction of jet engines in the 1950s. From 1990 to 2024, this has translated into an estimated

~29% fuel efficiency improvement per unit of revenue passenger kilometers ("RPK") traffic

Scale the production of sustainable aviation fuel ("SAF") globally to match demand:

SAF is the single largest lever for decarbonization, with scenarios requiring a rapid scale-up to 280-500 Mt of SAF by 2050 to deliver up to 1,100 Mt CO₂ reductions

Reaffirm support for and continue to implement CORSIA:

The success of the Carbon Offsetting and Reduction Scheme for International Aviation ("CORSIA") is critical to short- and medium-term goals: expanded participation in CORSIA and supply of CORSIA-eligible emissions units with letters of authorization ("LoAs") is vital

Modernize air traffic management systems:

Upgrade or overhaul national and regional air traffic management systems to ensure safe and efficient operations and enable early climate action

Accelerate development and scaling of carbon removal:

Develop ways to recognize, account for, and incentivize carbon removal solutions

As a global leader in aircraft leasing, AerCap plays a pivotal role in enabling this transition by financing and delivering the world's most fuel-efficient aircraft and supporting SAF market development. AerCap is a member of ATAG.

AerCap plays an important role across many of the key decarbonization tools

FLEET RENEWAL

Fleet renewal is key to our core business and our customers. The supply of new technology assets is our most direct contribution to the net-zero challenge

New-technology aircraft offer 20%-30% lower carbon intensity, and we are on track to achieve our ambition of having 85% new-technology assets across aircraft, engines and helicopters by 2030

CIRCULAR ECONOMY

AerCap Materials has 50+ years of experience in aircraft dismantling and recycling, while AerCap Cargo has 30+ years of Passenger-to-Freighter ("P2F") conversion programs, extending the useful life of in-service aircraft

During 2024 and 2025, Milestone Aviation has pursued a climate change adaptation approach by repurposing former oil and gas helicopters for firefighting roles

TECHNOLOGY EVOLUTION

AerCap has deep relationships with our OEM partners and continues to engage on airframe and engine efficiency gains and step changes

AerCap's focus relates to R&D of leading-edge technology that can upgrade existing new technology aircraft systems as well as engine and airframe innovations for the next generation of large transport

aircraft (~150-200 seats), which will continue to be combustion fuel-powered, including SAF, systems but with a further step-up in efficiency

PARTNERSHIPS & COLLABORATIONS

AerCap actively collaborates across the aviation ecosystem, including industry groups, policymakers and global alliances such as IATA, ATAG, and the EU coalition, to support actionable pathways to net-zero

To help encourage the scale-up of SAF, AerCap became a launch partner on the Airbus SAF Book & Claim Demonstrator initiative in 2025

While AerCap has not executed any sustainable financing, we continue to monitor developments across the market

MARKET BASED MEASURES

While our priority remains reducing direct emissions, we recognize that market-based measures play a necessary role in addressing unavoidable emissions. AerCap participates in global emissions-reduction frameworks, including the use of high-quality carbon credits

We are using the levers under our direct control or influence to help mitigate emissions.

In considering Net-Zero 2050, our decisions must take into account both investor expectations and customer needs.

% New Technology Aircraft (by NBV)

gCO2/ASK

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

65.00

12%

10%

70.00

20%

75.00

30%

40%

80.00

50%

85.00

60%

84.5 gCO /ASK

90.00

70%

95.00

80%

90%

100.00

Aircraft Fleet Emissions Intensity (Scope 3 for AerCap)

69.06 gCO2 /ASK

77%

Our ambitious target is for new technology to comprise 85% of our flight equipment assets by 20301

While we own many aircraft, we do not operate them. However, as the global leader in aviation leasing, AerCap has the ability to lead the industry towards a lower-carbon economy. The most effective way for us to do so is to support our airline customers' adoption of the most fuel-efficient aircraft available

Since 2015, AerCap has invested over $60 billion in new technology assets.2 This investment significantly enhances the fuel efficiency of

our customers' fleets, reducing their Scope 1 emissions and reducing Scope 3 emissions for AerCap. In addition, the replacement of older aircraft with new technology aircraft significantly reduces noise and air pollution

As a result of our continued investment in the latest new technology assets, our Scope 3 emissions intensity has improved, generating an

~18% reduction in gCO2/ASK across our entire fleet in the last decade3

In 2025, we achieved our previous new technology aircraft target of 75% set in 2021 and set a new ambitious target of 85% of our flight equipment assets (aircraft, spare engines and helicopters) by 2030

% New Technology (by NBV)

As of December 31, 2025, ~76% of our owned aircraft, engines and helicopters were new technology assets4

gCO2 /ASK

Driven by our order book of 283 new technology aircraft, we expect to see a further positive impact for our customers and for AerCap5

All of our aircraft are capable of flying with up to a 50% blend of SAF, and both Airbus and Boeing are targeting 2030 for 100% SAF capability and certification, an important step on the path to net-zero

New technology assets' share of our owned fleet (as a % of NBV)

~76%

85%

TARGET

20253

2030

See Supplemental Information - Endnotes

AerCap Materials is a leading global distributor of airframe and engine components for commercial aircraft and engine manufacturers

>250,000

Items Stocked

>850

Customers

>50

Years Experience

>600

Aircraft Dismantled

As a leader in the Aviation Industry, AerCap is involved in the whole life of its assets

We take delivery of brand-new aircraft from the OEMs and remain involved until those aircraft are disassembled and their parts are returned into the supply chain to be used once again

AerCap Materials has more than 50 years of experience in dismantling aircraft. Its facility is ISO certified and Aircraft Fleet Recycling Association ("AFRA") accredited, helping to ensure that aircraft are retired in adherence to strict environmental and safety protocols

1. Retirement

End-of-Life aircraft, stored aircraft, abandoned aircraft, damaged aircraft

2. Removal Valuable aircraft components are removed

3. Repairing & Recertifying Valuable parts are repaired and/or returned to service

4. Repurposing Remaining valuable parts are dismantled and

evaluated for use outside the aerospace industry

5. Recycling Waste is evaluated and recycled

6. Disposal

Disposal and landfilling of the remaining non-recyclable waste

AerCap Materials helps to reduce the consumption of resources by:

Reusing or Recycling 85-90% of an aircraft¹

Reuse: ~40-50% of an aircraft is returned to the parts distribution pipeline and used again in aircraft maintenance

Recycle: most of the remaining material is recycled and returned to the supply chain as raw materials

Disposal: Ensuring the remaining ~10% of materials is disposed of in an environmentally sensitive manner

Disposed

Reused

Recycled

AerCap Cargo conversion programs extend the useful life of in-service aircraft and avoid the environmental impact of building new freighter aircraft

~120

Owned, Managed & On-order Freighters

>150

Conversions Completed

>30

Years Experience

Long-Range Efficiency

~21% less fuel/ton than existing Boeing 747-400 aircraft

•

Seamless Commonality

High commonality with existing B777 fleet

The Boeing 777-300ERSF, also known as "The Big Twin," is the first passenger-to-freighter conversion program of the Boeing 777-300ER

In 2025, AerCap delivered 8 converted B777-300ERSF aircraft, including 7 to Kalitta Air, from the Big Twin program

The deliveries followed the receipt of the industry's first Supplemental Type Certificate ("STC") from both the Federal Aviation Administration ("FAA") and the Civil Aviation Authority of Israel ("CAAI")

AerCap Cargo also plays a developmental role in the provision of new cargo options, including

the Big Twin freighter program between AerCap Cargo and Israel Aerospace Industries, which involves the conversion of the Boeing 777-300ER aircraft into long-haul large-capacity freighters

•

High Volume Capacity

25% more volume than the B777-200LRF

The Big Twin

•

AerCap Cargo has an unparalleled >30-year track record of P2F conversion programs

Through the conversion and continued use of older aircraft as freighters, AerCap can extend the useful life of an aircraft

and reduce the volume of raw materials extracted and the associated carbon footprint from production

AerCap Cargo provides eleven types of modern narrowbody and widebody cargo aircraft to

~25 customers around the world, including e-commerce, express delivery, and general cargo operators

•

A New Generation of Large Capacity Freighters

>300

Helicopters

~50

Customers

>35

Countries

>100

Transactions

Milestone Aviation, an AerCap Company, is the world's leading helicopter leasing and financing company

Firefighting and Offshore Wind Support

Milestone Aviation has pursued a climate change adaptation approach by repurposing former oil and gas helicopters for firefighting roles:

By converting these helicopters, Milestone supports critical emergency efforts, enhances the efficiency of aerial firefighting, and contributes to environmental protection

This initiative extends the operational life of the aircraft while reducing the need for new production, which in turn lowers resource consumption and associated emissions

This industry-first firefighting platform combines the unique capabilities of the S-92A with Helitak's lightweight, carbon fiber FT5000 system, which includes a retractable belly-mounted fire suppression tank with a 5,000-liter (1,320 U.S. gallon) capacity

Milestone has a growing customer base that is actively involved in the offshore wind farm sector

~75%

of our electricity usage across

our global offices in 2025 was from renewable energy1

~4.1MWh

of self-generated

solar electricity²

~87%

of our leased car fleet is electric or

plug-in hybrid, with EV charging points in our main offices²

~76%

of waste generated in our Dublin

and Shannon offices was either recycled or composted2,3,4

100%

of organic waste in our

Dublin office was converted to sustainable fuel⁵

AerCap Solar

In 2025, AerCap completed the installation of 108kWp of

photovoltaic panels at our Dublin and Shannon Offices²

Water6

In 2025, AerCap's office operations consumed approximately 11,300 cubic meters of water, representing an estimated 9% reduction compared with 2022, driven by AerCap's continued efforts to implement water efficiency measures where practicable

15,000

10,000

5,000

2022

2023

2024

2025

HQ LEED Platinum Certified Offices in Dublin, APAC and Miami

Cycle to work scheme, secure bike racks, shower facilities and dry room that utilizes waste heat from the HVAC system

Light and air-conditioning/heat motion sensors; 70% capacity during business hours and 5% at weekends and at night

Locally sourced and sustainable produce in office restaurants through our Origin Green Certified Suppliers

In 2025, AerCap donated ~28,000 bottles from our Irish offices to two charities, The Liberties Soup Run and Limerick Suicide Watch

See Supplemental Information - Endnotes

In 2025, AerCap mitigated 100% of our 2024 direct and indirect emissions under our control

Balancing our unavoidable direct emissions

Kenya - Household & Commercial Biogas Plants Transforming organic waste into renewable biogas to meet Kenya's rural energy demand. CORSIA Phase-1 eligible

Brazil - Recreio Land Fill Gas Capturing and utilizing landfill gas to produce 354,968MWh of sustainable electricity over its lifetime

Philippines - Bangui Bay Wind Farm Helping to diversify the Philippines energy mix and displacing grid electricity from fossil fuels, reducing GHG emissions by

~59,284tCO2e/year

In 2025, AerCap contributed to reducing its direct (Scope 1) and indirect (Scope 2 and Scope 3 business travel) GHG emissions by purchasing carbon credits equivalent to 100% of our unavoidable direct and indirect emissions for the year 2024, continuing to achieve our goal of mitigating 100% of our unavoidable emissions under our control. This amounted to

~10,700 tCO2, sourced exclusively from developing countries in the Global South

AerCap's Supported 2025 Projects

Disclaimer

AerCap Holdings NV published this content on April 21, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 21, 2026 at 15:01 UTC.