The OCG said it wanted an executive summary outlining the agreement, the manner in which it was negotiated, as well as how it was procured, and the names and titles of all the persons who were involved in the negotiation and procurement processes. The summary is also expected to include the varying approvals which were received to facilitate the conclusion of the agreement.

The OCG said it also wanted "copies of all Cabinet submissions and decisions regarding the matter; copies of all correspondence between American Airlines and the government regarding the matter; copies of all board meeting minutes and a copy of the alleged contract".

It said all the information requested should be received by September 9.

Meanwhile, local hoteliers have supported the decision of the Bruce Golding administration to pay 4.5 million US dollars to the airline to continue flying to Jamaica.

President of the Jamaica Hotel and Tourist Association (JHTA), Wayne Cummings, said there was nothing wrong with the deal, adding that Jamaica would maintain its position as a preferred destination especially in light of the increased challenges facing the tourism market.

"American Airlines, as a legacy carrier, is very important to our destination and given what is going on around the Caribbean in particular, and around the world, we have to make sure that our seats are protected coming into the country and it's a very separate thing from the issue of Air Jamaica.

"Air Jamaica has its own challenges and that ought to be dealt with separately but, for what we have been able to negotiate, we are currently the envy of all other Caribbean nations," said Cummings.

The multi-million dollar agreement, to be signed between the government of Jamaica and American Airlines, has sparked controversy and triggered protest from the opposition People's National Party (PNP).

The PNP said that the government was embarking on an ill-advised arrangement.

"I think it is opening up some precedence that I don't know how we are going to deal with them," said opposition spokesman on tourism, Wykeham McNeil

"These are scheduled carriers in direct competition with Air Jamaica. How are we going to deal with other partners that fly to Jamaica, especially those that are transatlantic? What are you going to say to Virgin and British Airways that are carrying passengers to Jamaica from Europe and the UK," he added.

The Bustamante Industrial Trade Union (BITU), which represents workers at Air Jamaica, has accused the government of providing incentives to the airline's main competitor.

"Now the question that we are asking is 'is it a situation that you are putting in place an incentive to the competitor to operate on similar routes where Air Jamaica is operating?' Because that to me is a conflict and that is something that the ministry must respond to," said BITU President General Kavon Gayle.

According to government officials, the stance taken is due to plans by American Airlines to cut back on the amount of flights to the Caribbean due to the rising cost of fuel and the downturn in the US economy.

Tourism Minister Edmund Bartlett has defended the position taken by the government. He said that the agreement is critical to the survival of the tourism sector.

"The whole point is that we should not cloud an excellent view which is providing for the country, additional airlift that is badly needed to meet the expanded room counts that we have, and also to provide the earnings that are so important to us both in terms of national revenue flows as well as earnings for our tourism enhancement," he said.

Bartlett added that the American Airlines would only be paid if the country does not meet the targeted seat count.

"At the end of the year when the calculations are done in terms of the total programme, then if we have not made our target, and in all probability we will, then this money will be paid.

"Once we make our target we have nothing to pay. So we have the option of not having to pay one dollar and achieving those very critical improvements in seat count as well as earnings," the Tourism Minister said, adding he was willing to meet with other stakeholders to discuss the issue.

Source: Caribbean Media Corporation news agency website, Bridgetown, in English 1750 gmt 8 Sep 08

BBC Mon LA1 LatPol tc

AerCap's CEO Klaus Heinemann commented: "Despite the growing turmoil in the global markets, AerCap's quarterly business activities continued with a high degree of normality. During the third quarter of 2008, a significant number of letters of intent were converted to signed lease agreements, all aircraft and engines scheduled for delivery were completed and accepted by our clients, our committed capital expenditures were completed and funded, and all targeted asset sales were executed."

Transaction Overview    Third Quarter 2008        Year To Date 2008

                          Owned   Managed   Total   Owned   Managed  Total
    Lease Agreements
    Aircraft (Contracts)    20         2      22      69         8     77
    Aircraft (LOI's)         1         1       2       1         1      2
    Deliveries
    Aircraft                10         1      11      22         2     24
    Engines                 10        NA      10      34        NA     34
    Purchases
    Aircraft (Closed)        4        NA       4      47        NA     47
    Engines (Closed)         7        NA       7      21        NA     21
    Aircraft (Contract
     Signed, to be
     Delivered)              3        NA       3       4        NA      4
    Sales
    Aircraft (Closed)        7         3      10      25         3     28
    Engines (Closed)         2        NA       2       4        NA      4
    Aircraft (LOI's)         4         1       5       4         1      5
    Engines (LOI's)         NA        NA      NA      NA        NA     NA

Lease Activities: Contracts Signed for 22 Aircraft and Ten Engines - Letters of Intent Signed for Two Aircraft

New Lease Agreements

AerCap signed 22 new lease agreements for aircraft in the third quarter 2008:

Four Airbus A320s for Air France (France),
    Two Airbus A330s for Asiana Airlines (Korea),
    Three Boeing 737-800s for GOL Transportes Aereos, SA (Brazil),
    Two Airbus A319s for Airblue Ltd. (Pakistan),
    Two Airbus A319s for Turk Hava Yollari (THY Turkish Airlines)
     (Turkey),
    One Airbus A319 for Hemus Air (Bulgaria),
    One Airbus A319 for Karthago Airlines (Tunisia),
    One Airbus A319 for Air Jamaica Ltd. (Jamaica),
    One Airbus A320 for TAME-Linea Aerea del Ecuador (Ecuador),
    Two Boeing 737-400s for Aeroflot-Don (Russia),
    One Boeing 737-400 for Olympic Airlines (Greece),
    One MD-11 for World Airways, Inc. (USA),
    One MD-11 for Centurion Air Cargo, Inc. (USA).

AerCap added seven new airlines to its customer base in the third quarter of 2008: Centurion Air Cargo, Inc., GOL Transportes Aereos, Karthago Airlines, Olympic Airlines, TAME-Linea Aerea del Ecuador, Turk Hava Yollari (THY Turkish Airlines), and World Airways.

The average term of the nine lease agreements for new aircraft signed during the third quarter was 125 months. The average term of the 13 lease agreements for used aircraft was 72 months. During the third quarter, AerCap also executed letters of intent (signed and deposit paid by lessee) for two used aircraft leases with an average lease term of 57 months.

AerCap also entered into ten engine lease agreements in the third quarter and delivered the engines to the lessees in the same period. Nine of the leased engines were CFM-56 engines and one was a CF6.

Deliveries

AerCap completed 11 aircraft deliveries in the third quarter under previously contracted lease agreements:

Two new Airbus A320s for Aeroflot-Russian Airlines (Russia),
    Two Airbus A319s for Airblue Ltd. (Pakistan),
    One Airbus A319 for Hemus Air (Bulgaria),
    One Airbus A319 for Karthago Airlines (Tunisia),
    One Airbus A319 for Turk Hava Yollari (THY Turkish Airlines)
     (Turkey),
    One Airbus A319 for Air Jamaica (Jamaica),
    One Airbus A320 for TAME-Linea Aerea del Ecuador (Ecuador),
    One Airbus A320 for TACA International Airlines (El Salvador), and
    One McDonnell Douglas MD-11F for World Airways, Inc. (USA).

Purchase Activities: Four Aircraft Acquired in the Third Quarter

During the third quarter, AerCap acquired three new Airbus A320s, one Boeing 737-300, and one Boeing 737-300 airframe.

AerCap also expanded its engine pool with the acquisition of two new CFM-56 engines, two CF6 engines, and three PW4056 engines in the third quarter.

In addition to the completed purchase activities above, AerCap executed an agreement for the purchase of three new Boeing 737-800s and letters of intent to purchase two CF6 engines and ten Boeing 737-300s for part-out and engine leasing.

Sales Activities: Ten Aircraft Sold in the Third Quarter 2008

AerCap closed ten aircraft sale transactions in the third quarter 2008, seven of which were from its owned portfolio and three from the managed portfolio:

Six McDonnell Douglas MD83s,
    One Airbus A321,
    One Airbus A330,
    One Airbus A340,
    One Fokker 100.

The average age of owned aircraft sold during the quarter was 16 years.

AerCap also sold two CFM-56 engines from its owned engine pool.

In addition to the completed sales activities above, AerCap has signed letters of intent for the sales of three new Airbus A330s, one new Airbus A320, two Boeing 757s, and one managed McDonnell Douglas MD83.

Portfolio Summary

As of September 30, 2008, AerCap's portfolio consisted of 314 aircraft and 72 engines that were either owned, on order, under contract or letter of intent, or managed.

The information above includes transactions completed by AerCap and AeroTurbine, AerCap's subsidiary which focuses on engine leasing and trading, airframe and engine disassembly, part sales and MRO services.

AerCap Holdings N.V. intends to report its transactions on a quarterly basis.

About AerCap

AerCap is an integrated global aviation company with a leading market position in aircraft and engine leasing, trading and parts sales. AerCap also provides aircraft management services and performs aircraft and engine maintenance, repair and overhaul services and aircraft disassemblies through its certified repair stations. AerCap is headquartered in The Netherlands and has offices in Ireland, the United States, Singapore, China and the United Kingdom.

This press release may contain forward-looking statements that involve risks and uncertainties. In most cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of such terms or similar terminology. Such forward-looking statements are not guarantees of future performance and involve significant assumptions, risks and uncertainties, and actual results may differ materially from those in the forward-looking statements.

For Media:                                 For Investors:
    Frauke Oberdieck                           Peter Wortel
    Tel. +31-20-655-9616                       Tel. +31-20-655-9658
    foberdieck@aercap.com                      pwortel@aercap.com

For media, Frauke Oberdieck, +31-20-655-9616, foberdieck@aercap.com, or for
investors, Peter Wortel, +31-20-655-9658, pwortel@aercap.com

AerCap Holdings N.V. Announces Third Quarter 2008 Transactions

AMSTERDAM, Oct. 10 /PRNewswire-AsiaNet/ --

AerCap Holdings N.V. (AerCap, the Company, NYSE: AER) today announced the completion of the following transactions during the third quarter 2008:

Signed new lease agreements for 22 aircraft,

Delivered 11 aircraft and ten engines under lease agreements,

Purchased four aircraft, seven engines and one airframe,

Sold ten aircraft and two engines,

Disassembled eight engines and one airframe.

AerCaps CEO Klaus Heinemann commented: Despite the growing turmoil in the global markets, AerCaps quarterly business activities continued with a high degree of normality. During the third quarter of 2008, a significant number of letters of intent were converted to signed lease agreements, all aircraft and engines scheduled for delivery were completed and accepted by our clients, our committed capital expenditures were completed and funded, and all targeted asset sales were executed.

Lease Activities: Contracts Signed for 22 Aircraft and Ten Engines Letters of Intent Signed for Two Aircraft

New Lease Agreements

AerCap signed 22 new lease agreements for aircraft in the third quarter 2008:

Four Airbus A320s for Air France (France),

Two Airbus A330s for Asiana Airlines (Korea),

Three Boeing 737-800s for GOL Transportes Aereos, SA (Brazil),

Two Airbus A319s for Airblue Ltd. (Pakistan),

Two Airbus A319s for Turk Hava Yollari (THY Turkish Airlines) (Turkey),

One Airbus A319 for Hemus Air (Bulgaria),

One Airbus A319 for Karthago Airlines (Tunisia),

One Airbus A319 for Air Jamaica Ltd. (Jamaica),

One Airbus A320 for TAME-Linea Aerea del Ecuador (Ecuador),

Two Boeing 737-400s for Aeroflot-Don (Russia),

One Boeing 737-400 for Olympic Airlines (Greece),

One MD-11 for World Airways, Inc. (USA),

One MD-11 for Centurion Air Cargo, Inc. (USA).

AerCap added seven new airlines to its customer base in the third quarter of 2008: Centurion Air Cargo, Inc., GOL Transportes Aereos, Karthago Airlines, Olympic Airlines, TAME-Linea Aerea del Ecuador, Turk Hava Yollari (THY Turkish Airlines), and World Airways.

The average term of the nine lease agreements for new aircraft signed during the third quarter was 125 months. The average term of the 13 lease agreements for used aircraft was 72 months. During the third quarter, AerCap also executed letters of intent (signed and deposit paid by lessee) for two used aircraft leases with an average lease term of 57 months.

AerCap also entered into ten engine lease agreements in the third quarter and delivered the engines to the lessees in the same period. Nine of the leased engines were CFM-56 engines and one was a CF6.

Deliveries

AerCap completed 11 aircraft deliveries in the third quarter under previously contracted lease agreements:

Two new Airbus A320s for Aeroflot-Russian Airlines (Russia),

Two Airbus A319s for Airblue Ltd. (Pakistan),

One Airbus A319 for Hemus Air (Bulgaria),

One Airbus A319 for Karthago Airlines (Tunisia),

One Airbus A319 for Turk Hava Yollari (THY Turkish Airlines) (Turkey),

One Airbus A319 for Air Jamaica (Jamaica),

One Airbus A320 for TAME-Linea Aerea del Ecuador (Ecuador),

One Airbus A320 for TACA International Airlines (El Salvador), and

One McDonnell Douglas MD-11F for World Airways, Inc. (USA).

Purchase Activities: Four Aircraft Acquired in the Third Quarter

During the third quarter, AerCap acquired three new Airbus A320s, one Boeing 737-300, and one Boeing 737-300 airframe.

AerCap also expanded its engine pool with the acquisition of two new CFM-56 engines, two CF6 engines, and three PW4056 engines in the third quarter.

In addition to the completed purchase activities above, AerCap executed an agreement for the purchase of three new Boeing 737-800s and letters of intent to purchase two CF6 engines and ten Boeing 737-300s for part-out and engine leasing.

Sales Activities: Ten Aircraft Sold in the Third Quarter 2008

AerCap closed ten aircraft sale transactions in the third quarter 2008, seven of which were from its owned portfolio and three from the managed portfolio:

Six McDonnell Douglas MD83s,

One Airbus A321,

One Airbus A330,

One Airbus A340,

One Fokker 100.

The average age of owned aircraft sold during the quarter was 16 years.

AerCap also sold two CFM-56 engines from its owned engine pool.

In addition to the completed sales activities above, AerCap has signed letters of intent for the sales of three new Airbus A330s, one new Airbus A320, two Boeing 757s, and one managed McDonnell Douglas MD83.

Portfolio Summary

As of September 30, 2008, AerCaps portfolio consisted of 314 aircraft and 72 engines that were either owned, on order, under contract or letter of intent, or managed.

The information above includes transactions completed by AerCap and AeroTurbine, AerCaps subsidiary which focuses on engine leasing and trading, airframe and engine disassembly, part sales and MRO services.

AerCap Holdings N.V. intends to report its transactions on a quarterly basis.

About AerCap

AerCap is an integrated global aviation company with a leading market position in aircraft and engine leasing, trading and parts sales. AerCap also provides aircraft management services and performs aircraft and engine maintenance, repair and overhaul services and aircraft disassemblies through its certified repair stations. AerCap is headquartered in The Netherlands and has offices in Ireland, the United States, Singapore, China and the United Kingdom.

This press release may contain forward-looking statements that involve risks and uncertainties. In most cases, you can identify forward-looking statements by terminology such as may, should, expects, plans, anticipates, believes, estimates, predicts, potential or continue or the negative of such terms or similar terminology. Such forward-looking statements are not guarantees of future performance and involve significant assumptions, risks and uncertainties, and actual results may differ materially from those in the forward-looking statements.

For Media:

For Investors:

Frauke Oberdieck

Peter Wortel

Tel. +31 20 655 9616

Tel. +31 20 655 9658

foberdieck@aercap.com

pwortel@aercap.com

CONTACT: For media, Frauke Oberdieck, +31-20-655-9616, foberdieck@aercap.com, or for investors, Peter Wortel, +31-20-655-9658, pwortel@aercap.com

SOURCE: AerCap Holdings N.V.

AerCap's CEO Klaus Heinemann commented: "Despite the growing turmoil in the global markets, AerCap's quarterly business activities continued with a high degree of normality. During the third quarter of 2008, a significant number of letters of intent were converted to signed lease agreements, all aircraft and engines scheduled for delivery were completed and accepted by our clients, our committed capital expenditures were completed and funded, and all targeted asset sales were executed."

    Transaction Overview    Third Quarter 2008        Year To Date 2008

                         Owned   Managed   Total   Owned   Managed  Total
    Lease Agreements
    Aircraft (Contracts)    20         2      22      69         8     77
    Aircraft (LOI's)         1         1       2       1         1      2
    Deliveries
    Aircraft                10         1      11      22         2     24
    Engines                 10        NA      10      34        NA     34
    Purchases
    Aircraft (Closed)        4        NA       4      47        NA     47
    Engines (Closed)         7        NA       7      21        NA     21
    Aircraft (Contract
     Signed, to be
     Delivered)              3        NA       3       4        NA      4
    Sales
    Aircraft (Closed)        7         3      10      25         3     28
    Engines (Closed)         2        NA       2       4        NA      4
    Aircraft (LOI's)         4         1       5       4         1      5
    Engines (LOI's)         NA        NA      NA      NA        NA     NA

Lease Activities: Contracts Signed for 22 Aircraft and Ten Engines - Letters of Intent Signed for Two Aircraft

New Lease Agreements

AerCap signed 22 new lease agreements for aircraft in the third quarter 2008:

    --  Four Airbus A320s for Air France (France),
    --  Two Airbus A330s for Asiana Airlines (Korea),
    --  Three Boeing 737-800s for GOL Transportes Aereos, SA (Brazil),
    --  Two Airbus A319s for Airblue Ltd. (Pakistan),
    --  Two Airbus A319s for Turk Hava Yollari (THY Turkish Airlines) (Turkey),
    --  One Airbus A319 for Hemus Air (Bulgaria),
    --  One Airbus A319 for Karthago Airlines (Tunisia),
    --  One Airbus A319 for Air Jamaica Ltd. (Jamaica),
    --  One Airbus A320 for TAME-Linea Aerea del Ecuador (Ecuador),
    --  Two Boeing 737-400s for Aeroflot-Don (Russia),
    --  One Boeing 737-400 for Olympic Airlines (Greece),
    --  One MD-11 for World Airways, Inc. (USA),
    --  One MD-11 for Centurion Air Cargo, Inc. (USA).

AerCap added seven new airlines to its customer base in the third quarter of 2008: Centurion Air Cargo, Inc., GOL Transportes Aereos, Karthago Airlines, Olympic Airlines, TAME-Linea Aerea del Ecuador, Turk Hava Yollari (THY Turkish Airlines), and World Airways.

The average term of the nine lease agreements for new aircraft signed during the third quarter was 125 months. The average term of the 13 lease agreements for used aircraft was 72 months. During the third quarter, AerCap also executed letters of intent (signed and deposit paid by lessee) for two used aircraft leases with an average lease term of 57 months.

AerCap also entered into ten engine lease agreements in the third quarter and delivered the engines to the lessees in the same period. Nine of the leased engines were CFM-56 engines and one was a CF6.

Deliveries

AerCap completed 11 aircraft deliveries in the third quarter under previously contracted lease agreements:

    --  Two new Airbus A320s for Aeroflot-Russian Airlines (Russia),
    --  Two Airbus A319s for Airblue  Ltd. (Pakistan),
    --  One Airbus A319 for Hemus Air (Bulgaria),
    --  One Airbus A319 for Karthago Airlines (Tunisia),
    --  One Airbus A319 for Turk Hava Yollari (THY Turkish Airlines) (Turkey),
    --  One Airbus A319 for Air Jamaica (Jamaica),
    --  One Airbus A320 for TAME-Linea Aerea del Ecuador (Ecuador),
    --  One Airbus A320 for TACA International Airlines (El Salvador), and
    --  One McDonnell Douglas MD-11F for World Airways, Inc. (USA).

Purchase Activities: Four Aircraft Acquired in the Third Quarter

During the third quarter, AerCap acquired three new Airbus A320s, one Boeing 737-300, and one Boeing 737-300 airframe.

AerCap also expanded its engine pool with the acquisition of two new CFM-56 engines, two CF6 engines, and three PW4056 engines in the third quarter.

In addition to the completed purchase activities above, AerCap executed an agreement for the purchase of three new Boeing 737-800s and letters of intent to purchase two CF6 engines and ten Boeing 737-300s for part-out and engine leasing.

Sales Activities: Ten Aircraft Sold in the Third Quarter 2008

AerCap closed ten aircraft sale transactions in the third quarter 2008, seven of which were from its owned portfolio and three from the managed portfolio:

    --  Six McDonnell Douglas MD83s,
    --  One Airbus A321,
    --  One Airbus A330,
    --  One Airbus A340,
    --  One Fokker 100.

The average age of owned aircraft sold during the quarter was 16 years.

AerCap also sold two CFM-56 engines from its owned engine pool.

In addition to the completed sales activities above, AerCap has signed letters of intent for the sales of three new Airbus A330s, one new Airbus A320, two Boeing 757s, and one managed McDonnell Douglas MD83.

Portfolio Summary

As of September 30, 2008, AerCap's portfolio consisted of 314 aircraft and 72 engines that were either owned, on order, under contract or letter of intent, or managed.

The information above includes transactions completed by AerCap and AeroTurbine, AerCap's subsidiary which focuses on engine leasing and trading, airframe and engine disassembly, part sales and MRO services.

AerCap Holdings N.V. intends to report its transactions on a quarterly basis.

About AerCap

AerCap is an integrated global aviation company with a leading market position in aircraft and engine leasing, trading and parts sales. AerCap also provides aircraft management services and performs aircraft and engine maintenance, repair and overhaul services and aircraft disassemblies through its certified repair stations. AerCap is headquartered in The Netherlands and has offices in Ireland, the United States, Singapore, China and the United Kingdom.

This press release may contain forward-looking statements that involve risks and uncertainties. In most cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of such terms or similar terminology. Such forward-looking statements are not guarantees of future performance and involve significant assumptions, risks and uncertainties, and actual results may differ materially from those in the forward-looking statements.

    For Media:                                 For Investors:
    Frauke Oberdieck                           Peter Wortel
    Tel. +31 20 655 9616                       Tel. +31 20 655 9658
    foberdieck@aercap.com                      pwortel@aercap.com

SOURCE AerCapHoldings N.V.