System, Learn how were delivering on our priorities. Citi and Morgan Stanley acted as financial advisors to AerCap. Opco, a Dow Jones: The Dow In connection with this announcement, management will host a conference call with members of the investment community, Wednesday, March 10, 2021, at 8:30 a.m. Eastern Standard Time. AerCap acquired the company from GE Capital on November 1, 2021. The combined company will serve approximately 300 customers around the world and will be the largest customer of Airbus and Boeing. The combined company will retain the name AerCap, and GECAS will become a business of AerCap. GE Announces Combination of GECAS and AerCap | GE News The webcast replay will be archived in the "Investors" section of the company's website for one year. for The combined company will be an industry leader across all areas . "GECAS is a highly attractive business and this transaction continues our strong track record of capital allocation. AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Dublin with offices in Shannon, Los Angeles, Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle and Toulouse. The transaction provides the following key strategic benefits: The transaction is subject to approval by AerCap shareholders, receipt of necessary regulatory approvals and satisfaction of other customary closing conditions. In connection with this announcement, management will host a conference call with members of the investment community, Wednesday, March 10, 2021, at 8:30 a.m. Eastern Standard Time. Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings These statements, estimates and forecasts are "forward-looking statements" that involve risks and uncertainties. BOSTON, Mass.November 1, 2021GE (NYSE:GE) announced today the completion of the combination of its GE Capital Aviation Services business (GECAS) with AerCap Holdings N.V. (AerCap). The combined company will retain the name AerCap, and GECAS will become a business of AerCap. AerCap is the global leader in aircraft leasing. gecas.aero. branded indices are proprietary to and are calculated, distributed and marketed by DJI Moves, Biz + Type a symbol or company name. Narrowbody aircraft will represent approximately 60% of the combined aircraft fleet. Aengus Kelly, Chief Executive Officer of AerCap, said, "We are excited about this opportunity to bring together two leaders in aviation leasing. All rights reserved. AerCap completes acquisition of GE Capital Aviation Services gecas.aero. In the year 2000, it changed the name to GE Money Bank. GECAS owns, services or has on order approximately 1,700 aircraft. GECAS serves over 200 customers in ~75 countries from a network of 15 offices around the world. Leading aircraft leasing platform with expanded customer breadth and reach, given AerCap and GECASs complementary customer bases with limited overlap. Dublin Wednesday, March 10, 2021 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. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements, including the impacts of, and associated responses to: the COVID-19 pandemic; our ability to consummate the proposed transaction; our ability to obtain requisite regulatory and shareholder approval and the satisfaction of other conditions to the consummation of the proposed transaction; our ability to successfully integrate GECAS' operations and employees and realize anticipated synergies and cost savings; and the potential impact of the announcement or consummation of the proposed transaction on relationships, including with employees, suppliers, customers and competitors. AerCap and GECAS both have industry-leading teams, attractive portfolios, diversified customer bases and order books of the most in-demand new technology assets. AerCap Completes Acquisition Of GE Capital Aviation Services AerCap will maintain its target adjusted debt-to-equity ratio of 2.7x and expects to return to this level rapidly. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. These statements, estimates and forecasts are "forward-looking statements". AerCap Holdings N.V. Announces Pricing of $1 Billion Aggregate Whether your need is for narrow or widebody aircraft, regional jets, turboprops, freighters, engines, helicopters or materials, our name has become synonymous with trusted relationships, domain expertise and an ability to execute. For over five decades, we have partnered with our customers to find solutions to their challenges and helped their businesses to thrive. "Completion of this transaction represents an important milestone for AerCap that will generate benefits for our customers, partners, employees and investors for many years to come," said Aengus Kelly, Chief Executive Officer of AerCap. GE Chairman and CEO H. Lawrence Culp, Jr. said, "Today marks GE's transformation to a more focused, simpler, and stronger industrial company. Leading aircraft leasing platform with expanded customer breadth and reach, given AerCap and GECAS's complementary customer bases with limited overlap. Any statements other than statements of historical fact included in this press release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. All GE (NYSE:GE) rises to the challenge of building a world that works. reserved. Explore a career with us. Aengus Kelly, Chief Executive Officer of AerCap, said, "We are excited about this opportunity to bring together two leaders in aviation leasing. Best-in-class trading platform with deep market insight and relationships: over the past four years AerCap and GECAS have sold on average over. "This business combination will also strengthen our longstanding partnership with GE Aviation, which we look forward to working with closely in the future." The transaction is expected to close in the fourth quarter of 2021. Copy and paste multiple symbols separated by spaces. The adjusted debt-to-equity ratio of the combined company is expected to be 3.0x at closing of the transaction. AerCap to Acquire GE Capital Aviation Services. Combining these complementary franchises will deliver strategic and financial value for both companies and their stakeholders. All times are ET. , . AerCap and GECAS both have industry-leading teams, attractive portfolios, diversified customer bases and order books of the most in-demand new technology assets. Dublin - Wednesday, March 10, 2021 - 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. Chicago Sued Over Deal to Lease Public Land toEx-Mayors Billionaire Donor, New Bike Lanes AreComing to These 10 Global Cities, Key House Republicans Unveil Crypto Market Structure Draft Bill, Coinbase Says AI Represents Important Opportunityfor Crypto, Bitcoin Miners Are Churning Out More Computing Power Than Ever. Steve Winoker, 617.443.3400 The transaction is expected to close in the fourth quarter of 2021. "This business combination will also strengthen our longstanding partnership with GE Aviation, which we look forward to working with closely in the future. The acquisition positions AerCap as the worldwide industry leader across all areas of aviation leasing: aircraft, engines and helicopters. All statements other than statements of historical fact included in this press release are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. 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, ca. "The combination of GECAS and AerCap will deliver significant value for both companies and their stakeholders," said H. Lawrence Culp, Jr., Chairman and CEO of GE. Files, Fresh There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied in the forward-looking statements. Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. Premier engine leasing business adds revenue diversification and greater ability to provide innovative solutions to our airline customers. Were deeply proud of GE employees around the world rising to the challenge. AerCap and GECAS both have industry-leading teams, attractive portfolios, diversified customer bases and order books of the most in-demand new technology assets. DUBLIN, May 31, 2023 /PRNewswire/ -- On May 30, 2023, AerCap Ireland Capital Designated Activity Company ("AICDAC") and AerCap Global Aviation Trust (together, the "Issuers"), each a wholly-owned . 10 March 2021 0 245 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 CNN Sans & 2016 Cable News Network. View original content to download multimedia:http://www.prnewswire.com/news-releases/aercap-to-acquire-ge-capital-aviation-services-301244404.html. Combining these complementary franchises will deliver strategic and financial value for both companies and their stakeholders. Aircraft leasing company AerCap has signed a definitive agreement with General Electric to acquire 100% of GE Capital Aviation Services. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "should," "expect," "plan," "intend," "estimate," "anticipate," "believe," "predict," "potential" or "continue" or the negatives thereof or variations thereon or similar terminology. , GE Chairman and CEO, H. Lawrence Culp, Jr., said, "AerCap is the right partner for our exceptional GECAS team. 2018 AerCap Holdings N.V. Announces Pricing of $1 Billion Aggregate The call can be accessed live via webcast by AerCap's website at www.aercap.com under "Investors," or by dialing (U.S./Canada) +1 929 477 0402 or (International) +353 1 246 5638 and referencing code 1198955 at least 5 minutes before start time. AerCap Holdings N.V. Announces Pricing of $1 Billion Aggregate RTTNews.com for Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise. GE's people are diverse and dedicated, operating with the highest level of integrity and focus to fulfill GE's mission and deliver for its customers. GE (NYSE:GE) rises to the challenge of building a world that works. The transaction will enhance many of AerCap's key credit metrics, as the combined company will have stronger cash flows and a more diversified revenue and customer base. [2] AerCap Holdings N.V. has announced that it has entered into a definitive agreement with General Electric under which AerCap will acquire 100% of GE Capital Aviation Services (?GECAS? Malaysian authorities have impounded a B777-200ER operated by PIA - Pakistan International Airlines (PK, Islamabad International) over a lease payment dispute, with the aircraft now parked at Kuala Lumpur International after a court order prevented it from flying out earlier this week. For more information regarding AerCap and to be added to our email distribution list, please visit www.aercap.comand follow us on Twitter www.twitter.com/aercapnv. The call can be accessed live via webcast by AerCap's website at www.aercap.com under "Investors," or by dialing (U.S./Canada) +1 929 477 0402 or (International) +353 1 246 5638 and referencing code 1198955 at least 5 minutes before start time. In connection with this announcement, management will host a conference call with members of the investment community, Wednesday, March 10, 2021, at 8:30 a.m. Eastern Standard Time. 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. Written by , . The combined company will be an industry leader across all areas of aviation leasing, with over 2,000 owned and managed aircraft, over 900 owned and managed engines, over 300 owned helicopters and approximately 300 customers around the world. About GE GECAS serves over 200 customers in ~75 countries from a network of 15 offices around the world. rights Cravath, Swaine & Moore LLP, NautaDutilh NV and McCann Fitzgerald acted as legal advisors to AerCap. Under the terms of the agreement, which has been unanimously approved by the boards of directors of AerCap and GE, GE will receive 111.5 million newly issued AerCap shares, $24 billion of cash and $1 billion of AerCap notes and/or cash. Copied. The combined company will retain the name AerCap, and GECAS will become a business of AerCap. Jones Citi and Goldman Sachs have provided AerCap with $24 billion of committed financing for the transaction. (RTTNews) - Irish aircraft-leasing group AerCap Holdings N.V. (AER) announced Wednesday that it has entered into a definitive agreement with General Electric (GE), under which AerCap will. AerCap units price $1 billion offering of five-year bonds AP-BMH (msn 32717) had operated a scheduled passenger service into the Malaysian capital from Islamabad . Explore a timeline of GE technologies that have spurred transformation across the world. The transaction provides the following key strategic benefits: The transaction is subject to approval by AerCap shareholders, receipt of necessary regulatory approvals and satisfaction of other customary closing conditions. The combined company will be an industry leader across all areas of aviation leasing, with over 2,000 owned and managed aircraft, over 900 owned and managed engines, over 300 owned helicopters and approximately 300 customers around the world. AerCap to Acquire GE Capital Aviation Services | Markets Insider gecas.aero. AerCap Holdings N.V. (AerCap), the global leader in aircraft leasing, has entered into a definitive agreement with General Electric under which AerCap will acquire 100% of GE Capital Aviation Services (GECAS), a GE business. AP-BMH (msn 32717) had operated a scheduled passenger service into the Malaysian capital from Islamabad . AerCap To Acquire GE Capital Aviation Services - Quick Facts BOSTON, Mass.November 1, 2021GE (NYSE:GE) announced today the completion of the combination of its GE Capital Aviation Services business ("GECAS") with AerCap Holdings N.V. ("AerCap"). ), a GE business.The combined company will be an industry leader across all areas of aviation leasing, with over 2,000 owned and managed aircraft, over 900 owned and managed engines, over 300 owned helicopters . The transaction is expected to close in the fourth quarter of 2021. Premier engine leasing business adds revenue diversification and greater ability to provide innovative solutions to our airline customers. For more information regarding AerCap and to be added to our email distribution list, please visit www.aercap.comand follow us on Twitter www.twitter.com/aercapnv. The call can be accessed live via webcast by AerCap's website at www.aercap.com under "Investors," or by dialing (U.S./Canada) +1 929 477 0402 or (International) +353 1 246 5638 and referencing code 1198955 at least 5 minutes before start time. Learn more about our culture, businesses, and life at GE. Citi and Morgan Stanley acted as financial advisors to AerCap. On May 30, 2023, AerCap Ireland Capital Designated Activity Company ("AICDAC") and AerCap Global Aviation Trust (together, the "Issuers"), each a wholly-owned subsidiary of AerCap Holdings N.V . Leading aircraft leasing platform with expanded customer breadth and reach, given AerCap and GECAS's complementary customer bases with limited overlap. These statements are only predictions based on our current expectations and projections about future events. For more information regarding AerCap and to be added to our email distribution list, please visit www.aercap.comand follow us on Twitter www.twitter.com/aercapnv.
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