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Debt (Tables) | 12 Months Ended
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Dec. 31, 2017
Debt Instrument [Line Items] |
Schedule of indebtedness | The following table provides a summary of our indebtedness as of December 31, 2017 and 2016:
| As of December 31,
| 2017 |  | 2016
Debt Obligation | Collateral (Number of aircraft) |  | Commitment |  | Undrawn amounts |  | Outstanding |  | Weighted average interest rate (a) |  | Maturity |  | Outstanding
Unsecured |  |  |  |  |  |  |  |  |  |  |  |  |
ILFC Legacy Notes |  |  | $ | 5,670,000 |  |  | $ | — |  |  | $ | 5,670,000 |  |  | 6.32 | % |  | 2018 - 2022 |  |  | $ | 7,670,000 |
AerCap Aviation Notes |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 300,000 |
AerCap Trust & AICDC Notes |  |  | 8,399,864 |  |  | — |  |  | 8,399,864 |  |  | 4.12 | % |  | 2019 - 2027 |  |  | 6,399,864 |
Asia Revolving Credit Facility |  |  | 600,000 |  |  | 300,000 |  |  | 300,000 |  |  | 3.44 | % |  | 2020 |  |  | — |
Citi Revolving Credit Facility |  |  | 3,895,000 |  |  | 3,895,000 |  |  | — |  |  | — |  |  | 2021 |  |  | — |
AIG Revolving Credit Facility |  |  | 200,000 |  |  | 200,000 |  |  | — |  |  | — |  |  | 2019 |  |  | — |
Other unsecured debt |  |  | 550,000 |  |  | — |  |  | 550,000 |  |  | 3.11 | % |  | 2020 - 2021 |  |  | — |
Fair value adjustment |  |  | NA |  |  | NA |  |  | 286,426 |  |  | NA |  |  | NA |  |  | 430,348 |
TOTAL UNSECURED |  |  | 19,314,864 |  |  | 4,395,000 |  |  | 15,206,290 |  |  |  |  |  |  | 14,800,212 |
Secured |  |  |  |  |  |  |  |  |  |  |  |  |
Export credit facilities | 71 |  |  | 1,241,262 |  |  | — |  |  | 1,241,262 |  |  | 2.59 | % |  | 2018 - 2027 |  |  | 1,722,376 |
Senior Secured Notes | 81 |  |  | 1,275,000 |  |  | — |  |  | 1,275,000 |  |  | 7.13 | % |  | 2018 |  |  | 1,275,000 |
Institutional secured term loans & secured portfolio loans | 239 |  |  | 6,943,431 |  |  | 690,000 |  |  | 6,253,431 |  |  | 3.55 | % |  | 2020 - 2030 |  |  | 5,028,623 |
ALS II debt |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 17,746 |
AerFunding Revolving Credit Facility | 18 |  |  | 2,500,000 |  |  | 1,621,576 |  |  | 878,424 |  |  | 3.43 | % |  | 2022 |  |  | 596,819 |
AeroTurbine Revolving Credit Agreement |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 125,000 |
Other secured debt | 94 |  |  | 2,139,360 |  |  | — |  |  | 2,139,360 |  |  | 3.66 | % |  | 2018 - 2035 |  |  | 2,670,325 |
Fair value adjustment |  |  | NA |  |  | NA |  |  | 31,482 |  |  | NA |  |  | NA |  |  | 82,251 |
TOTAL SECURED |  |  | 14,099,053 |  |  | 2,311,576 |  |  | 11,818,959 |  |  |  |  |  |  | 11,518,140 |
Subordinated |  |  |  |  |  |  |  |  |  |  |  |  |
ECAPS Subordinated Notes |  |  | 1,000,000 |  |  | — |  |  | 1,000,000 |  |  | 4.47 | % |  | 2065 |  |  | 1,000,000 |
Junior Subordinated Notes |  |  | 500,000 |  |  | — |  |  | 500,000 |  |  | 6.50 | % |  | 2045 |  |  | 500,000 |
Subordinated debt joint ventures partners |  |  | 55,780 |  |  | — |  |  | 55,780 |  |  | 2.26 | % |  | 2022 |  |  | 55,780 |
Fair value adjustment |  |  | NA |  |  | NA |  |  | (229 | ) |  | NA |  |  | NA |  |  | (232 | )
TOTAL SUBORDINATED |  |  | 1,555,780 |  |  | — |  |  | 1,555,551 |  |  |  |  |  |  | 1,555,548 |
Debt issuance costs and debt discounts |  |  | NA |  |  | NA |  |  | (160,061 | ) |  | NA |  |  | NA |  |  | (156,901 | )
| 503 |  |  | $ | 34,969,697 |  |  | $ | 6,706,576 |  |  | $ | 28,420,739 |  |  |  |  |  |  | $ | 27,716,999 |
(a) | The weighted average interest rate for our floating rate debt is calculated based on the U.S. dollar LIBOR rate as of the last interest payment date of the respective debt, and excludes the impact of related derivative financial instruments which we hold to hedge our exposure to floating interest rates, as well as any amortization of debt issuance costs and debt discounts.
As of
Schedule of maturities of debt financings | Maturities of our debt financings (excluding fair value adjustments, debt issuance costs and debt discounts) as of December 31, 2017 were as follows:
| Maturities of debt financing
2018 | $ | 3,177,358 |
2019 | 4,191,915 |
2020 | 4,201,661 |
2021 | 3,671,914 |
2022 | 6,315,915 |
Thereafter | 6,704,358 |
| $ | 28,263,121 |
Export Credit Facilities [Member] |
Debt Instrument [Line Items] |
Schedule of detailed terms of outstanding credit facilities | The following table provides details regarding the terms of our outstanding export credit facilities:
| As of December 31, 2017
| Collateral (Number of aircraft) |  | Amount outstanding |  | Tranche |  | Weighted average interest rate |  | Maturity
2003 Airbus ECA facility | 11 |  |  | $ | 85,961 |  |  | Floating Rate |  | Three month LIBOR + 0.43% |  | 2018-2020
2004 Airbus ECA facility | 23 |  |  | 159,856 |  |  | Floating Rate |  | Six month LIBOR + 1.49% |  | 2018-2019
| 8 |  |  | 52,412 |  |  | Fixed Rate |  | 3.85% |  | 2018-2020
2008 Airbus ECA facility | 2 |  |  | 73,118 |  |  | Floating Rate |  | Three month LIBOR + 0.97% |  | 2022-2023
| 11 |  |  | 241,682 |  |  | Fixed Rate |  | 2.70% |  | 2021-2023
2009 Airbus ECA facility | 2 |  |  | 30,602 |  |  | Floating Rate |  | Three month LIBOR + 1.11% |  | 2022
| 2 |  |  | 30,194 |  |  | Fixed Rate |  | 4.60% |  | 2021-2022
Airbus ECA capital markets facilities | 3 |  |  | 89,806 |  |  | Fixed Rate |  | 3.60% |  | 2021
Other Airbus ECA facilities | 5 |  |  | 281,458 |  |  | Fixed Rate |  | 2.38% |  | 2024-2027
2010 Ex-Im facilities | 2 |  |  | 23,923 |  |  | Fixed Rate |  | 2.95% |  | 2022
2012 Ex-Im capital markets facility | 2 |  |  | 172,250 |  |  | Fixed Rate |  | 1.49% |  | 2025
Total | 71 |  |  | $ | 1,241,262 |  |  |  |  |  |  |
AerFunding Revolving Credit Facility [Member] |
Debt Instrument [Line Items] |
Schedule of detailed terms of outstanding credit facilities | Borrowings under the AerFunding revolving credit facility bear interest based on the Eurodollar rate plus the applicable margin. The following table presents the applicable margin for the borrowings under the AerFunding revolving credit facility during the periods specified:
| Applicable margin
Borrowing period (a) | 2.00 | %
Period from December 11, 2020 to December 10, 2021 | 2.75 | %
Period from December 11, 2021 to December 10, 2022 | 3.50 | %
(a) | The borrowing period is until December 10, 2020, after which the loan converts to a term loan.
Other Secured Debt [Member] |
Debt Instrument [Line Items] |
Schedule of detailed terms of outstanding credit facilities | AerCap Holdings N.V. has entered into various other commercial bank financings to fund the purchase of aircraft and for general corporate purposes. The following table provides details regarding the terms of these financings:
| As of December 31, 2017
| Collateral (Number of aircraft) |  | Amount outstanding |  | Tranche |  | Weighted average interest rate |  | Maturity
SkyFunding I facility | 7 |  |  | $ | 126,617 |  |  | Floating rate |  | 3 month LIBOR plus 2.85% |  | 2021-2022
| 5 |  |  | 90,140 |  |  | Fixed rate |  | 4.56% |  | 2021-2022
Camden facility | 7 |  |  | 144,894 |  |  | Fixed rate |  | 3.90% |  | 2022
AerCap Partners I facility | 7 |  |  | 59,851 |  |  | Floating rate |  | 3 month LIBOR plus 1.65% |  | 2020
StratusFunding facility | 2 |  |  | 143,482 |  |  | Floating rate |  | 3 month LIBOR plus 1.95% |  | 2026
| 2 |  |  | 142,988 |  |  | Fixed rate |  | 3.93% |  | 2021-2026
CieloFunding facility | 1 |  |  | 35,968 |  |  | Floating rate |  | 3 month LIBOR plus 2.60% |  | 2020
| 2 |  |  | 56,862 |  |  | Fixed rate |  | 3.68% |  | 2020
CieloFunding II facility | 1 |  |  | 25,122 |  |  | Floating rate |  | 3 month LIBOR plus 2.10% |  | 2020
| 1 |  |  | 26,840 |  |  | Fixed rate |  | 3.14% |  | 2020
CloudFunding facilities | 15 |  |  | 200,781 |  |  | Fixed rate |  | 4.00% |  | 2022-2026
Secured commercial bank financings | 32 | (a) |  | 855,916 |  |  | Floating rate |  | LIBOR plus 2.10% |  | 2018-2026
| 12 |  |  | 229,899 |  |  | Fixed rate |  | 4.13% |  | 2018-2035
Total | 94 |  |  | $ | 2,139,360 |  |  |  |  |  |  |
(a) | 22 engines are pledged as collateral in addition to the aircraft.
AGAT/AICDC Notes |
Debt Instrument [Line Items] |
Schedule of indebtedness | The following table provides a summary of the outstanding AGAT/AICDC Notes as of December 31, 2017:
| As of December 31, 2017
| Amount outstanding |  | Interest rate |  | Maturity
May 2014 Notes | $ | 2,199,864 |  |  | 3.75% - 4.50% |  |  | 2019 - 2021
September 2014 Notes | 800,000 |  |  | 5.00 | % |  | 2021
June 2015 Notes | 1,000,000 |  |  | 4.25% - 4.625% |  |  | 2020 - 2022
October 2015 Notes | 1,000,000 |  |  | 4.625 | % |  | 2020
May 2016 Notes | 1,000,000 |  |  | 3.95 | % |  | 2022
January 2017 Notes | 600,000 |  |  | 3.50 | % |  | 2022
July 2017 Notes | 1,000,000 |  |  | 3.65 | % |  | 2027
November 2017 Notes | 800,000 |  |  | 3.50 | % |  | 2025
Total | $ | 8,399,864 |  |  |  |  |

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