General Electric Company (NYSE:GE), Aercap Holdings N V (NYSE:AER) - Why GE s Stock Rallied 6% Today
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GE Stock Rallies After Tough Week as Bullish Analysts Defend Jet-Leasing Deal
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This $30 Billion Deal Could Reshape the Aviation Industry Lou Whiteman
The usually under-the-radar world of aircraft finance was thrust into the spotlight last week as
AerCap Holdings (NYSE: AER) announced a $30 billion deal to acquire the GECAS unit of
General Electric (NYSE: GE).
The deal would create a powerhouse financier, but it also adds billions in new debt to AerCap s balance sheet and dilutes shareholders by giving General Electric a 46% stake. Investors initially weren t sure what to make of the transaction, sending AerCap shares up more than 10% on the rumor but down more than 5% on the news.
Buying the GE Capital Aviation Services business certainly adds new risks for AerCap, but it is also a once-in-a-generation opportunity that will probably ripple through the industries including plane manufacturers and airlines. Here s a close look at the deal, and thoughts on how investors should view AerCap from here.
Provided by Dow Jones
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