GE Chairman and CEO H. Lawrence Culp, Jr. said, "Today marks GE's transformation to a more focused, simpler, and stronger industrial company. AP-BMH (msn 32717) had operated a scheduled passenger service into the Malaysian capital from Islamabad . 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. Access GEs recent and historic Annual Reports and accompanying materials. It went through an IPO in 2016 and operates under the new name of Moneta Money Bank. . its A culture of integrity, compliance, safety, and respect for human rights, while reducing our environmental footprint. "GECAS is a highly attractive business and this transaction continues our strong track record of capital allocation. Strategic combination positions AerCap as the worldwide industry leader across all areas of aviation leasing: aircraft, engines and helicopters. 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. The transaction is subject to approval by AerCap shareholders, receipt of necessary regulatory approvals and satisfaction of other customary closing conditions. All Accomplished leaders building GEs legacy. , . AerCap expects to maintain its current investment grade credit ratings with S&P, Moody's and Fitch. For over five decades, we have partnered with our customers to find solutions to their challenges and helped their businesses to thrive. AerCap serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. www.ge.com Aengus Kelly, Chief Executive Officer of AerCap, said, We are excited about this opportunity to bring together two leaders in aviation leasing. 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 definitive agreement with General Electric (NYSE:GE) under which AerCap will acquire 100% of GE Capital Aviation Services ("GECAS"), a GE business.. The transaction is expected to close in the fourth quarter of 2021. The webcast replay will be archived in the "Investors" section of the company's website for one year. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. Transaction HighlightsUnder the terms of the transaction agreement, General Electric received 111.5 million newly issued AerCap shares, approximately $23 billionof cash and $1 billion of AerCap notes. Explore the latest stories, news, downloads, and press tools. GE Investor Contact Combining these complementary franchises will deliver strategic and financial value . Creating the energy technologies of the future and improving the power networks that we depend on today. Share this article. 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. 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. AerCap acquired the company from GE Capital on November 1, 2021. 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. 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. Read GEs 2022 Proxy Statement, vote your shares and access the 2022 Annual Meeting. 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 acquire 100% of GE Capital Aviation Services (GECAS), GE's aircraft-leasing business. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. This combination will enhance our ability to provide innovative and attractive solutions for our customers and will strengthen our cash flows, earnings and profitability. State Farms Exit Makes It Harder. 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. Transforming how industry solves its toughest challenges by bringing simplicity, speed and scale to digital transformation. newsroom for the latest airline market intelligence, BBAM Implements LeaseWorks to Automate Commercial Operations, FL ARI obtains CAAC Part 145 Maintenance Organization Certification for Base Maintenance. Citi and Goldman Sachs have provided AerCap with $24 billion of committed financing for the transaction. 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. [emailprotected], GE Media Contact 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. gecas.aero. The acquisition positions AerCap as the worldwide industry leader across all areas of aviation leasing: aircraft, engines and helicopters. 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. These statements, estimates and forecasts are "forward-looking statements" that involve risks and uncertainties. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges. March 10, 2021, 11:30 AM UTC. (NYSE:GE) under which AerCap will acquire 100% of GE Capital Aviation Services ("GECAS"), a GE business. Citi and Goldman Sachs have provided AerCap with $24 billion of committed financing for the transaction. AerCap and GECAS both have industry-leading teams, attractive portfolios, diversified customer bases and order books of the most in-demand new technology assets. These statements, estimates and forecasts are "forward-looking statements" that involve risks and uncertainties. Seven Summer Camps Just for Adults, Goldman CEO Loves Summer Camp So Much Hes Expanded His Portfolio, How Summer Camp Became Such a Hot Mess for Parents, Amazon Fired Another Alabama Union Organizer, Union Says, India Panel Favors Keeping Sedition Law Put on Hold by Top Court, Four Takeaways From the Supreme Courts Clean Water Act Ruling, Congo Halts ERGs Copper Mining Project After Waste Leakage. 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. 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. AerCap Holdings N.V. AER, +0.96% said Wednesday its AerCap Ireland Capital Designated Activity Co. and AerCap Global Aviation Trust have priced a $1 billion offering of 5.750% senior five-year . Upon completion of the transaction, GE is expected to own approximately 46% of the combined company and will be entitled to nominate two directors to the AerCap Board of Directors. Premier engine leasing business adds revenue diversification and greater ability to provide innovative solutions to our airline customers. 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 Aerospace is a world-leading provider of jet engines, components and systems for commercial and military aircraft with a global service network to support these offerings. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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, added Mr. Kelly. Best-in-class trading platform with deep market insight and relationships: over the past four years AerCap and GECAS have sold on average over. Aengus Kelly, Chief Executive Officer of AerCap, said, "We are excited about this opportunity to bring together two leaders in aviation leasing. Aircraft leasing company AerCap has signed a definitive agreement with General Electric to acquire 100% of GE Capital Aviation Services. 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Germany, http://www.prnewswire.com/news-releases/aercap-to-acquire-ge-capital-aviation-services-301244404.html, Crime + Citi and Morgan Stanley acted as financial advisors to AerCap. , . We do not undertake to update our forward-looking statements. AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. 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 . GECAS owns, services or has on order approximately 1,700 aircraft. 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. Money, Money Stay up to date with the latest resources for the planned spin-offs. AerCap expects to maintain its current investment grade credit ratings with S&P, Moody's and Fitch. Narrowbody aircraft will represent approximately 60% of the combined aircraft fleet. When typing in this field, a list of search results will appear and be automatically updated as you type. AerCap serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions. These statements are only predictions based on our current expectations and projections about future events. Combining these complementary franchises will deliver strategic and financial value for both companies and their stakeholders. For more than 125 years, GE has invented the future of industry, and today the company's dedicated team, leading technology, and global reach and capabilities help the world work more efficiently, reliably, and safely. Access the latest press releases, media contacts, and press tools. CNN Sans & 2016 Cable News Network. Romaine Bostick breaks down the day's top stories and trading action leading into the close. Combining these complementary franchises will deliver strategic and financial value for both companies and their stakeholders. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Los Angeles, Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle, Toulouse and other locations around the world. GECAS serves over 200 customers in ~75 countries from a network of 15 offices around 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. Narrowbody aircraft will represent approximately 60% of the combined aircraft fleet. 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," added Mr. Kelly. 2018 Cable News Network. 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. the 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. (the "Company"), priced an offering of senior notes, consisting of $1 billion aggregate principal amount of the Issuers' 5.750% Senior Notes due 2028 (the "Notes") issued at a price to the public . View original content to download multimedia:http://www.prnewswire.com/news-releases/aercap-to-acquire-ge-capital-aviation-services-301244404.html. 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 definitive agreement with General Electric (NYSE:GE) under which AerCap will acquire 100% of GE Capital Aviation Services ("GECAS"), a GE business. "This business combination will also strengthen our longstanding partnership with GE Aviation, which we look forward to working with closely in the future. articles a month for anyone to read, even non-subscribers. AerCap is the global leader in aircraft leasing. Our energy expertise spans from renewable wind energy to emission-reducing natural gas, as well as physical and digital solutions to modernize the grid connecting it all. branded indices are proprietary to and are calculated, distributed and marketed by DJI In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. AerCap is the global leader in aircraft leasing. 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 definitive agreement with General Electric (NYSE:GE) under which AerCap will acquire 100% of GE Capital Aviation Services ("GECAS"), a GE business. 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. Type a symbol or company name. These symbols will be available throughout the site during your session. 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. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. The transaction will enhance many of AerCaps key credit metrics, as the combined company will have stronger cash flows and a more diversified revenue and customer base. Deal marks GEs transformation to a more focused, simpler, and stronger industrial company. 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. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap and GECAS both have industry-leading teams, attractive portfolios, diversified customer bases and order books of the most in-demand new technology assets. New technology aircraft will represent approximately 56% of the combined in-service fleet, expected to grow to approximately 75% in 2024. Combining these complementary franchises will deliver strategic and financial value for both companies and their stakeholders. Environment, Supreme 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 definitive agreement with General Electric (NYSE:GE) under which AerCap will acquire 100% of GE Capital Aviation Services ("GECAS"), a GE business. 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. Access important shareholder information. AerCap serves approximately 300 customers around the world with comprehensive fleet . Together with our customers, were proving that no one is ever limited to only affordable, reliable, or sustainable energy. Access important shareholder information. Attractive order book of 493 new technology aircraft, more than 90% of which are narrowbodies. 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. This press release contains certain statements, estimates and forecasts with respect to future performance and events. Discover how our people & technology are solving global issues, improving lives, and changing industries. 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. 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. GE (NYSE:GE) rises to the challenge of building a world that works. 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 definitive agreement with General Electric (NYSE:GE) under which AerCap will acquire 100% of GE Capital Aviation Services ("GECAS"), a GE business. RTTNews.com for from 8 AM - 9 PM ET. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. GE Money Bank (formerly GE Capital Bank) was a significant institution in the Czech Republic. AerCap will maintain its target adjusted debt-to-equity ratio of 2.7x and expects to return to this level rapidly. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! GE (NYSE:GE) rises to the challenge of building a world that works. All GE Shareholder Services. Contact information for general inquiries and feedback. Citi and Goldman Sachs have provided AerCap with $24 billion of committed financing for the transaction. RTTNews->. The adjusted debt-to-equity ratio of the combined company is expected to be 3.0x at closing of the transaction. AerCap expects to maintain its current investment grade credit ratings with S&P, Moodys and Fitch. Dublin-based aircraft leasing giant AerCap Holdings N.V. announced it entered a definitive agreement with General Electric to acquire GE Capital Aviation Services (GECAS) in a deal worth more than $30 billion. I would like to thank Larry Culp and his team at GE and the entire team at GECAS, led by Greg Conlon, for their support and cooperation throughout this process," Mr. Kelly concluded. The adjusted debt-to-equity ratio of the combined company is expected to be 3.0x at closing of the transaction. The transaction is expected to close in the fourth quarter of 2021. 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 . Cravath, Swaine & Moore LLP, NautaDutilh NV and McCann Fitzgerald acted as legal advisors to AerCap. DUBLIN, Nov. 1, 2021 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap") (NYSE: AER ), the global leader in aircraft leasing, announced today that it has completed its acquisition of the GE.
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