NEW YORK: The world's two largest aircraft leasing companies are combining to create a new financing giant after Ireland's AerCap finalised a deal wor.
AerCap to buy GE’s aircraft leasing unit in $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
March 10, 2021
By Shreyasee Raj and Conor Humphries
(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 $30 billion to buy the leasing unit of General Electric.
The two companies, which tied the knot on Wednesday after days of speculation surrounding a takeover of GE’s leasing arm GECAS, together control more than 2,000 jets, dwarfing rivals.
Updated / Wednesday, 10 Mar 2021
16:16
Aengus Kelly, the CEO of Ireland s AerCap Holdings (Pic:RollingNews.ie)
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 $30 billion to buy the leasing unit of General Electric.
The two companies announced a deal today after days of speculation surrounding the takeover of GE s leasing arm GECAS to create a portfolio of more than 2,000 jets, dwarfing industry rivals.
The tie-up creates easily the largest buyer of jetliners built by planemakers Airbus and Boeing.
It will reshape a global air finance industry that has attracted a flood of capital in recent years as investors elsewhere look for higher returns.
(March 10): 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 two companies, which tied the knot on Wednesday after days of speculation surrounding a takeover of GE's leasing arm GECAS, together control more than 2,000 jets, dwarfing rivals.
AerCap to buy GE s aircraft-leasing unit in $30 billion deal - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.