Combination of GECAS and AerCap intended to create an industry-leading aviation lessor with a broader offering and better ability to serve customers through industry cycles.
GE, AerCap join air leasing businesses in $30 billion deal - Medicine Hat NewsMedicine Hat News medicinehatnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medicinehatnews.com Daily Mail and Mail on Sunday newspapers.
AerCap to Acquire GE Capital Aviation Services Creates an industry leader across all areas of aviation leasing: aircraft, engines and helicopters Combined company will have stronger revenues, cash flows and earnings and greater customer diversification AerCap expects to maintain its current investment grade ratings AerCap will host a conference call and webcast on Wednesday, March 10, 2021 at 8:30 a.m. Eastern Standard Time
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DUBLIN, March 10, 2021 /PRNewswire/ AerCap Holdings N.V. ( AerCap or the Company ) (NYSE: AER), the global leader in aircraft leasing, announced today that it has entered into a definitive agreement with General Electric (NYSE:GE) under which AerCap will acquire 100% of GE Capital Aviation Services ( GECAS ), a GE business.
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AerCap to buy GE s aircraft leasing unit in US$30 billion deal
FILE PHOTO: Aengus Kelly, CEO of AerCap, speaks during a panel discussion at the 2015 International Air Transport Association (IATA) Annual General Meeting (AGM) and World Air Transport Summit in Miami Beach, Florida, June 8, 2015. REUTERS/Joe Skipper/File Photo 3 related media assets (image or videos) available. Click to see the gallery.
10 Mar 2021 07:45PM (Updated:
11 Mar 2021 02:30AM) Share this content
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REUTERS: The world s two largest aircraft leasing companies are combining to create a new financing giant after Ireland s AerCap finalised a deal worth more than US$30 billion to buy the leasing business of General Electric.
The transaction, which simplifies GE and focuses it on its industrial core power, renewable energy, aviation, and health care – is the latest in a series of divestitures Chief Executive Officer Larry Culp has undertaken