Wednesday, 10 Mar 2021 09:57 PM MYT
AerCap CEO and Executive Director Aengus Kelly speaks at the 2016 International Air Transport Association (Iata) Annual General Meeting and World Air Transport Summit in Dublin June 1, 2016. Reuters pic
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NEW YORK, 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 (RM123.8 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.