EXHIBIT 12.1

AERCAP HOLDINGS N.V. AND SUBSIDIARIES

STATEMENT REGARDING COMPUTATION OF RATIOS

(U.S. dollar amounts in thousands, except ratio amounts)

																Three Months Ended March 31, 2018
	Year Ended December 31,
Fixed charges	2013			2014			2015			2016			2017
Interest expense		226,329			780,349			1,099,884			1,091,861			1,112,391			274,449
Capitalized interest		7,455			80,328			79,230			107,688			107,364			22,840
Portion of rent expense representative of interest		712			4,597			5,754			4,465			3,854			917
Total fixed charges		234,496			865,274			1,184,868			1,204,014			1,223,609			298,206
Earnings:
Income from continuing operations before income tax		310,791			916,898			1,365,699			1,200,396			1,235,872			301,606
Distributed income from equity investees		4,324			25,158			2,652			9,136			8,305			430
Fixed charged from above		234,496			865,274			1,184,868			1,204,014			1,223,609			298,206
Less capitalized interest from above		(7,455	)		(80,328	)		(79,230	)		(107,688	)		(107,364	)		(22,840	)
Amortization of capitalized interest		2,838			3,010			4,647			8,757			11,949			3,206
Earnings (as defined)		544,994			1,730,012			2,478,636			2,314,615			2,372,371			580,608
Ratio of earnings to fixed charges		2.32			2.00			2.09			1.92			1.94			1.95