"AerCap is very pleased to announce this significant transaction with Thai Airways and to support them with both their widebody and narrowbody fleet modernization plan as they emerge from a very challenging period," said Peter Anderson, the Chief Commercial Officer of AerCap. "AerCap's business relationship with Thai Airways began in the mid-1990s with the lease of Boeing 737-400s and Airbus A330-300s, and we have worked closely together during both the upcycles and downcycles to maintain and strengthen the partnership between our two companies.