AerCap Confirms GE Talks to Create Giant of Aircraft Finance
Bloomberg 3/9/2021 Ryan Beene
(Bloomberg) AerCap Holdings NV confirmed it’s in talks with General Electric Co. about a combination that would create a giant of aircraft finance.
“The outcome of those discussions has yet to be determined and there can be no guarantee that an agreement will be reached,” AerCap said in a regulatory filing. The company said it wouldn’t comment further until discussions are concluded. GE declined to comment.
AerCap’s statement confirmed reports that the two companies, already the world’s two biggest lessors, are pursuing a pact to get even larger. While details of a potential deal remain unknown, an agreement would reshape a leasing market already roiled by the Covid-19 pandemic. For GE, a transaction could also curb the risks of a financial unit that nearly sank the company during the 2008 crisis and has remained a trouble spot in recent years.