<SEC-DOCUMENT>0000950157-21-000139.txt : 20210406
<SEC-HEADER>0000950157-21-000139.hdr.sgml : 20210406
<ACCEPTANCE-DATETIME>20210209143342
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950157-21-000139
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210209

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AerCap Holdings N.V.
		CENTRAL INDEX KEY:			0001378789
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		AERCAP HOUSE
		STREET 2:		65 ST. STEPHEN'S GREEN
		CITY:			DUBLIN
		STATE:			L2
		ZIP:			2
		BUSINESS PHONE:		35 31 819 2010

	MAIL ADDRESS:	
		STREET 1:		AERCAP HOUSE
		STREET 2:		65 ST. STEPHEN'S GREEN
		CITY:			DUBLIN
		STATE:			L2
		ZIP:			2
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
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    <div style="text-align: center;">AerCap Holdings N.V.</div>
    <div style="text-align: center;">AerCap House</div>
    <div style="text-align: center;">65 St. Stephen&#8217;s Green</div>
    <div style="text-align: center;">Dublin D02 YX20</div>
    <div style="text-align: center;">Ireland</div>
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    <div style="text-align: right;">February 9, 2021</div>
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    <div><u>VIA EDGAR</u></div>
    <div><br>
    </div>
    <div>Mr. Patrick Kuhn and Mr. Lyn Shenk</div>
    <div>United States Securities and Exchange Commission</div>
    <div>Division of Corporation Finance</div>
    <div>Office of Trade &amp; Services</div>
    <div>100 F Street, N.E.</div>
    <div>Washington, D.C. 20549</div>
    <div><br>
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            <div style="text-align: justify; font-weight: bold;">Re:</div>
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            <div style="text-align: justify; font-weight: bold;">AerCap Holdings N.V.</div>
            <div style="text-align: justify; font-weight: bold;">Form 20-F for Fiscal Year Ended December 31, 2019</div>
            <div style="text-align: justify; font-weight: bold;">Filed March 5, 2020</div>
            <div style="text-align: justify; font-weight: bold;">File No. 001-33159</div>
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    <div>Dear Mr. Kuhn and Mr. Shenk:</div>
    <div><br>
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    <div style="text-align: justify; text-indent: 36pt;">On behalf of AerCap Holdings N.V. (the &#8220;<u>Company</u>&#8221;), and in response to the
      comments of the staff (the &#8220;<u>Staff</u>&#8221;) of the Division of Corporation Finance of the Securities and Exchange Commission (the &#8220;<u>Commission</u>&#8221;), dated February 5, 2021 (the &#8220;<u>Comment Letter</u>&#8221;), to the Company&#8217;s Report on Form 20-F filed with the Commission on March 5, 2020 and
      our response letter, dated December 17, 2020 (the &#8220;<u>Response Letter</u>&#8221;), to the Staff&#8217;s previous letter, dated November 25, 2020 (the &#8220;<u>Initial Comment Letter</u>&#8221;), we submit this letter containing the Company&#8217;s responses to the Comment Letter.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">For your convenience, we have set out the text of the Staff&#8217;s comments from the Comment Letter in bold, followed by the Company&#8217;s responses.</div>
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    <div style="text-align: justify; font-weight: bold;"><u>Form 20-F for Fiscal Year Ended December 31, 2019</u></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;"><u>Note 3. Summary of Significant Accounting Policies</u></div>
    <div style="text-align: justify; font-weight: bold;"><u>Flight Equipment held for operating lease, net, page F-14</u></div>
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          <td style="width: 5%; vertical-align: top;">&#160;</td>
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            <div style="font-weight: bold;">1.</div>
          </td>
          <td style="width: 93%; vertical-align: top;">
            <div style="text-align: justify; font-weight: bold;">Refer to prior comment 3. Please revise your disclosure to clarify that your use of the term end of lease (EOL) contracts does not refer to
              separate contracts with your customers but a subset of provisions within your lease agreements that relate to the end of the lease term.&#160; Also, clarify in your disclosure the distinction between lease agreements with EOL and MR provisions.</div>
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    <div style="margin-left: 36pt;"><u>Response:</u></div>
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    <div style="text-align: justify; text-indent: 36pt;">The Company respectfully acknowledges the Staff&#8217;s comment and, in consideration thereof, we will revise our disclosure commencing with our Report on
      Form 20-F for the fiscal year ended December 31, 2020 to clarify (i) that the term end of lease (&#8220;<u>EOL</u>&#8221;) contracts does not refer to separate contracts with our customers but
      a subset of provisions within our lease agreements, and (ii) the distinction between lease agreements with EOL and maintenance reserve provisions.</div>
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    <div style="text-align: justify; font-weight: bold;"><u>Accrued maintenance liability, page F-17</u></div>
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            <div style="font-weight: bold;">2.</div>
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          <td style="width: 93%; vertical-align: top;">
            <div style="text-align: justify; font-weight: bold;">Refer to prior comment 4. Please revise your disclosure, similar to your response to prior comment 4, to clarify your accounting for
              maintenance expense and your accrued maintenance liability.</div>
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    <div style="margin-left: 36pt;"><u>Response:</u></div>
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    <div style="text-indent: 36pt;">The Company respectfully acknowledges the Staff&#8217;s comment and, in consideration thereof, we will revise our disclosure commencing with our Report on Form
      20-F for the fiscal year ended December 31, 2020 to clarify our accounting for maintenance expense and our accrued maintenance liability, in a manner consistent with our response to prior comment 4 of the Initial Comment Letter contained in the
      Response Letter.</div>
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    <div style="text-indent: 36pt;">We hope that the foregoing has been responsive to the Staff&#8217;s comments. If you have any questions or comments regarding the foregoing, please do not
      hesitate to contact Craig F. Arcella at (212) 474-1024 or by email at carcella@cravath.com. In addition, please feel free to contact me at +353 1 418 0477 or by email at rmaasland@aercap.com.</div>
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            <td valign="top" nowrap="nowrap" align="left" style="border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">/s/ Richard Maasland</td>
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            <td valign="bottom" nowrap="nowrap" align="left" style="width: 4%;">Name:</td>
            <td valign="bottom" nowrap="nowrap" align="left" style="width: 31%;">Richard Maasland <br>
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            <td valign="top" style="width: 4%;">Title:</td>
            <td valign="top" style="width: 31%;">Chief Accounting Officer <br>
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