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AerCap selling aircraft portfolio

AerCap Holdings NV has agreed to sell $800 million aircraft portfolio to Peregrine Aviation Co. Ltd., an investment entity established by NCB Capital Co..

As part of the sale of the 21-aircraft portfolio, AerCap will provide lease management services to Peregrine and will retain an equity interest in the entity.

NCB Capital is the brokerage arm of Saudi Arabia-based National Commercial Bank.