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AerCap announces $200M buyback program

AerCap Holdings NV's board has authorized a $200 million share repurchase program.

The program will run through June 30.

AerCap reported fourth-quarter 2017 net income attributable to the company of $266.3 million, or $1.67 per share, down from $364.7 million, or $2.01 per share, in the prior-year quarter.

The S&P Capital IQ consensus normalized EPS estimate for the fourth quarter was $1.38.