• 16
  • 4
  • Favorite

AerCap confirms aircraft-leasing business talks with General Electric

Reuters2021-03-09

March 9 (Reuters) - Ireland's AerCap Holdings NV on Tuesday confirmed ongoing discussions with General Electric Co to acquire its aircraft-leasing business.

The U.S. business, known as GE Capital Aviation Services or GECAS, is one of the world's biggest jet-leasing companies. It leases passenger aircraft made by companies including Boeing Co and Airbus SE.

Reuters on Monday reported AerCap and General Electric are discussing a deal to forge an industry titan with more than 2,000 jets, citing people familiar with the matter.

AerCap said the outcome of the talks has yet to be determined and there can be no guarantee that an agreement will be reached. ()

"No further statements will be made by the issuers or the company regarding this matter until the time of the conclusion of those discussions," the Irish jet leasing company said in a statement.

GE and AerCap, the world's two largest aircraft lessors, are paving the way for the biggest aircraft leasing shake-up in almost a decade.

This comes as the COVID-19 pandemic is expected to shift more of the world's fleet from battered airlines to the leasing industry, which already holds around half of Airbus and Boeing deliveries.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment4

  • Kodumuri
    ·2021-03-09
    Ok
    Reply
    Report
  • Allenchang
    ·2021-03-09
    Comment and like 
    Reply
    Report
  • Rache13
    ·2021-03-09
    Yes
    Reply
    Report
    Fold Replies
  • DenDenBear
    ·2021-03-09
    Covid will stay. Be safe and healthy!
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial