AerCap Holdings N.V. announced that Philip Scruggs, President and Chief Commercial Officer, will retire in March 2021 and that Peter Anderson will take over as Chief Commercial Officer. During his 26-year career with AerCap, Mr. Scruggs has held a number of positions within the company — lawyer, leasing executive, Chief Commercial Officer and President. With Mr. Scruggs's retirement, AerCap has promoted Peter Anderson to the position of Chief Commercial Officer. Mr. Anderson brings to the role two decades of global experience in aircraft leasing and structured finance, having worked in Dublin, Singapore, London and Sydney. Mr. Anderson is a member of the Group Executive Committee of AerCap and is currently responsible for AerCap's leasing activities across Europe, Middle East and Africa. Prior to his current position, Mr. Anderson opened, developed and led the Asia Pacific office of AerCap's predecessor ILFC, transitioning to the Head of Asia Pacific during AerCap's acquisition of ILFC in 2014.
AerCap Holdings N.V. is an Ireland-based company, which is primarily engaged in aviation leasing. The Company provides a range of assets for lease, including narrowbody and widebody aircraft, regional jets, freighters, engines, and helicopters. Its offering includes new and used commercial passenger and cargo aircraft, and helicopters, on operating lease from its existing fleet and order book. In addition, it offers aftermarket components, equipment and services through its materials business and the lease, purchase and financing of spare engines. It also provides aircraft owners, financiers and investors with all asset services necessary to manage an aircraft, engines and helicopter portfolio. The Company has a portfolio of approximately 1,740 aircraft, over 900 engines and over 300 helicopters, and an order book of more than 400 of in-demand aircraft in the world. The Company serves approximately 300 customers around the world with comprehensive fleet solutions.