This $30 Billion Deal Could Reshape the Aviation Industry Lou Whiteman
The usually under-the-radar world of aircraft finance was thrust into the spotlight last week as
AerCap Holdings (NYSE: AER) announced a $30 billion deal to acquire the GECAS unit of
General Electric (NYSE: GE).
The deal would create a powerhouse financier, but it also adds billions in new debt to AerCap s balance sheet and dilutes shareholders by giving General Electric a 46% stake. Investors initially weren t sure what to make of the transaction, sending AerCap shares up more than 10% on the rumor but down more than 5% on the news.
Buying the GE Capital Aviation Services business certainly adds new risks for AerCap, but it is also a once-in-a-generation opportunity that will probably ripple through the industries including plane manufacturers and airlines. Here s a close look at the deal, and thoughts on how investors should view AerCap from here.
Hard lessons help AerCap boss Kelly rebuild air finance titan Tim Hepher ,
By Tim Hepher and Conor Humphries
DUBLIN (Reuters) - When Irishman Aengus Kelly got his first job in aircraft leasing in 1996 it was with a firm so down on its luck the American giant General Electric had an option to buy it for one dollar.
Three years earlier, GE had taken over the jewels of ruined Irish leasing empire Guinness Peat Aviation for $1.3 billion and renamed it GECAS, while the discarded rump that hired the young accountant Kelly was left with GPA s bad assets.
On Wednesday, Kelly completed a dramatic 25-year turnaround with a $30 billion acquisition of GECAS by AerCap, the direct corporate descendant of the assets spurned by GE when it rescued the business built by legendary Irish entrepreneur Tony Ryan.
Hard lessons help AerCap boss Kelly rebuild air finance tita yibada.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yibada.com Daily Mail and Mail on Sunday newspapers.
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Dallas, Texas (Newsfile Corp. - March 10, 2021) - Astro Aerospace (OTCQB: ASDN) ( Company or Astro ), a global leader in electric vertical take-off and landing (eVTOL) aerial vehicles and drones, announced today that it has appointed Patricia Trompeter, M&A and financial expert, to its Board of Directors. Ms. Trompeter will serve on the Audit Committees. This board appointment brings Astro s total board membership to 2 Board Members.
Ms. Trompeter brings more than 16 years of experience in mergers and acquisitions and over 15 years in financial management to Astro s Board. Ms. Trompeter held a variety of executive positions at GE Capital including CFO, Controller, Operations Leader, Quality Leader, and Mergers & Acquisitions. She was integral in GE Capital s successful acquisition of Guinness Peat Aviation, which contributes to the more than $17 Billion of acquisitions she has completed. Ms. Trompeter s experience at GE gave her a breadth of knowledge in the Aviation Indus
Electric Vertical Take-Off & Landing (eVTOL) Aircraft Market Expected To Exceed $200 Million By 2027
PALM BEACH, Fla., March 10, 2021 /PRNewswire/ Electric Vertical Take-off and Landing (eVTOL) is an electric or hybrid aircraft that can hover, take off, and land vertically. eVTOL, electric vertical takeoff and landing, is a type of aircraft that uses electrical propulsion to takeoff, hover, and land vertically. They are designed for urban air mobility, cargo deliveries, and Military Surveillance. The electric vertical takeoff and landing (eVTOL) aircraft is the next generation of autonomous electric aircraft that offers enhanced safety, comfort, and reduced noise. The eVTOL aircraft industry will be witnessing massive growth mainly because of the increase in the global urban population followed by the traffic congestion. According to the United Nations, in 2018, around 55% of the world s population lived in urban areas and is expected to increase to 68% by 2050. Therefore, demand