AerCap Holdings N.V. is an integrated global aviation company. The Company is engaged in the business of acquiring aviation assets and leasing the assets to suitable lessees, and manage the funding and other lease related costs. It also provides aircraft management services. As of December 31, 2011, 251 aircraft and seven engines, managed 42 aircraft, had 27 new aircraft on order (including five Boeing 737 purchase rights), had entered into sales contracts for five aircraft and had an executed letter of intent to sell one aircraft. The Company leases most of its aircraft to airlines under operating leases. On October 7, 2011 , the Company sold its wholly owned subsidiary AeroTurbine, Inc. to International Lease Finance Corporation (ILFC). During the year ended December 31, 2011, the Company sold its 50% interest in AerCap Partners III.