Announced
Completed
Financials
Tags
Acquisition
Single Bidder
United States
Majority
Cross Border
Private
Aerospace
Friendly
aviation
aircraft leasing
Completed
Synopsis
AerCap, a global provider of aircraft leasing, completed the acquisition of GE Capital Aviation Services, an aircraft-leasing business, from General Electric, an American multinational conglomerate, for $30bn. "GECAS is a highly attractive business and this transaction continues our strong track record of capital allocation. As the recovery in air travel gathers pace, this transaction represents a unique opportunity that we believe will create long-term value for our investors. This business combination will also strengthen our longstanding partnership with GE Aviation, which we look forward to working with closely in the future," Aengus Kelly, AerCap Chief Executive Officer.
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