aercap to acquire ge capital aviation services

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. Attractive order book of 493 new technology aircraft, more than 90% of which are narrowbodies. 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. 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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Cision Distribution 888-776-0942 It was founded in 1997, after the acquisition of Agrobanka bank as GE Capital Bank. 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. GECAS serves over 200 customers in ~75 countries from a network of 15 offices around the world. The adjusted debt-to-equity ratio of the combined company is expected to be 3.0x at closing of the transaction. (NYSE:GE) under which AerCap will acquire 100% of GE Capital Aviation Services ("GECAS"), a GE business. 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. gecas.aero. Sector Stay up to date with the latest resources for the planned spin-offs. 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 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. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! GE Chairman and CEO H. Lawrence Culp, Jr., said, Completing this strategic transaction is a significant milestone in GEs transformation to a more focused, simpler, stronger high-tech industrial company. AerCap will maintain its target adjusted debt-to-equity ratio of 2.7x and expects to return to this level rapidly. Cravath, Swaine & Moore LLP, NautaDutilh NV and McCann Fitzgerald acted as legal advisors to AerCap. May 18, 2023. AerCap to acquire GE Capital Aviation Services (GECAS) AerCap Holdings N.V., the global leader in aircraft leasing, announced today that it has entered into a definitive agreement with General Electric (GE) under which AerCap will acquire 100% of GE Capital Aviation Services (GECAS), a GE business. About AerCap AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. About GE The deal is reportedly valued at more than $30 billion. Written by Market indices are shown in real time, except , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, AerCap Holdings N.V. Investing, Mission: For more information regarding AerCap and to be added to our email distribution list, please visit www.aercap.com and follow us on Twitter www.twitter.com/aercapnv. 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. Cities, Reliable (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 acquire 100% of GE Capital Aviation Services (GECAS), GE's aircraft-leasing business. AerCap To Acquire GE Capital Aviation Services - Quick Facts - RTTNews For details on the uncertainties that may cause our actual future results to be materially different than those expressed in our forward-looking statements, see https://www.ge.com/investor-relations/important-forward-looking-statement-information, as well as our annual report on Form 10-K and quarterly reports on Form 10-Q. GE Investor Contact This press release contains certain statements, estimates and forecasts with respect to future performance and events. 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. Performance, Impact Leading aircraft leasing platform with expanded customer breadth and reach, given AerCap and GECASs complementary customer bases with limited overlap. AerCap To Acquire GE Capital Aviation Services - Quick Facts March 10, 2021, 11:30 AM UTC. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. These statements, estimates and forecasts are "forward-looking statements". These symbols will be available throughout the site during your session. from 8 AM - 9 PM ET. 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. gecas.aero. 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Citi and Goldman Sachs have provided AerCap with $24 billion of committed financing for the transaction. 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. Moves, Biz + 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. Were continuing to do all we can to support our customers and employees during this unprecedented time. Together were creating an industry-leading aviation lessor with expertise, scale and reach to better serve customers around the world, while GE gains both cash and upside in the stronger combined company as the aviation industry recovers.. 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. AerCap N : Report Of Foreign Private Issuer - Form 6-K Transforming how industry solves its toughest challenges by bringing simplicity, speed and scale to digital transformation. These statements are only predictions based on our current expectations and projections about future events. Explore the latest stories, news, downloads, and press tools. , . Citi and Morgan Stanley acted as financial 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. Access the latest press releases, media contacts, and press tools. Do Not Sell My Personal Information (CA Residents Only). Cravath, Swaine & Moore LLP, NautaDutilh NV and McCann Fitzgerald acted as legal advisors to AerCap. rights 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. AerCap to Acquire GE Capital Aviation Services - PR Newswire for GEs Investor Relations website at www.ge.com/investor and our corporate blog at www.ge.com/reports and @GE_Reports on Twitter, as well as GEs Facebook page and Twitter accounts, contain a significant amount of information about GE, including financial and other information for investors. Explore a career with us. , . Gecas' owned, serviced or ordered aircraft top 1,600, and it had assets worth $35.86 billion as of the end of 2020. AerCap will maintain its target adjusted debt-to-equity ratio of 2.7x and expects to return to this level rapidly. By signing up you agree to receive content from us. Buying a Home in California Is Already Hard. Id like to thank AerCap and the exceptional GECAS team for their support in creating the combined company that will better serve customers around the world.. Germany, http://www.prnewswire.com/news-releases/aercap-to-acquire-ge-capital-aviation-services-301244404.html, Crime + Under the terms of the transaction agreement, GE received total consideration of greater than $30 billion upon closing, including approximately $23 billion in net cash proceeds; 111.5 million ordinary shares equivalent to approximately 46 percent ownership of the combined company, with a market value of approximately $6.6 billion based on the closing share price of $59.04 on October 29, 2021; and $1 billion paid in AerCap senior notes. Attractive order book of 493 new technology aircraft, more than 90% of which are narrowbodies. Our scale and capabilities enable us to provide comprehensive, innovative, and tailor-made fleet solutions to our customers that are unrivaled in the leasing industry. AerCap to Acquire GE Capital Aviation Services AerCap serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions. GE Announces Combination of GECAS and AerCap | Business Wire AerCap to Acquire GE Capital Aviation Services | Nasdaq Best-in-class trading platform with deep market insight and relationships: over the past four years AerCap and GECAS have sold on average over. Ireland's AerCap buys GE Capital Aviation in $30bn deal 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. 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. [emailprotected], GE Media Contact AerCap expects to maintain its current investment grade credit ratings with S&P, Moody's and Fitch. Citi and Goldman Sachs have provided AerCap with $24 billion of committed financing for the transaction. This business combination will also strengthen our longstanding partnership with GE Aviation, which we look forward to working with closely in the future., GE Chairman and CEO, H. Lawrence Culp, Jr., said, AerCap is the right partner for our exceptional GECAS team. Further information regarding these and other risks is included in AerCap's annual report on Form 20-F and other filings with the United States Securities and Exchange Commission. Attractive order book of 493 new technology aircraft, more than 90% of which are narrowbodies. The cash proceeds put us in a position to have reduced our debt by approximately $75 billion since the end of 2018, and we gain a meaningful stake in AerCap that we will monetize as the aviation industry recovers. GECAS ( GE Capital Aviation Services) was an Irish-American commercial aviation financing and leasing company. Files, Fresh "This business combination will also strengthen our longstanding partnership with GE Aviation, which we look forward to working with closely in the future. ", GE Chairman and CEO, H. Lawrence Culp, Jr., said, "AerCap is the right partner for our exceptional GECAS team. For over five decades, we have partnered with our customers to find solutions to their challenges and helped their businesses to thrive. Upon completion of the transaction, GE is expected to own approximately 46% of the combined company and willbe entitled to nominate two directors to the AerCap Board of Directors. Our technology, global network, and exceptional team is fueled by a missionbuilding a world that works. GECAS serves over 200 customers in ~75 countries from a network of 15 offices around the world. Romaine Bostick breaks down the day's top stories and trading action leading into the close. Leading aircraft leasing platform with expanded customer breadth and reach, given AerCap and GECAS's complementary customer bases with limited overlap. Best-in-class trading platform with deep market insight and relationships: over the past four years AerCap and GECAS have sold on average over $5 billion of assets per year. Premier engine leasing business adds revenue diversification and greater ability to provide innovative solutions to our airline customers. Mr. Kelly continued, "Many years of dedication and commitment by AerCap and GECAS's hard-working teams have produced an expanded portfolio comprised of the industry's most in-demand aviation assets. Tune in or catch up on GEs latest investor events and reports. GECAS offers a broad array of financing products and services on these assets including operating leases, purchase/leasebacks, capital markets, and airframe parts management. 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. Cravath, Swaine & Moore LLP, NautaDutilh NV and McCann Fitzgerald acted as legal advisors to AerCap. 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. 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. GECAS offers a broad array of financing products and services on these assets including operating leases, purchase/leasebacks, capital markets, and airframe parts management. GE (NYSE:GE) rises to the challenge of building a world that works. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. 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. Further information regarding these and other risks is included in AerCap's annual report on Form 20-F and other filings with the United States Securities and Exchange Commission. 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. ", GE Chairman and CEO, H. Lawrence Culp, Jr., said, "AerCap is the right partner for our exceptional GECAS team. This combination will enhance our ability to provide innovative and attractive solutions for our customers and will strengthen our cash flows, earnings and profitability. GE Announces Chief Financial Officer Transition. New technology aircraft will represent approximately 56% of the combined in-service fleet, expected to grow to approximately 75% in 2024. 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. 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. Citi and Goldman Sachs have provided AerCap with $24 billion of committed financing for the transaction. 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 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. BOSTON, Mass.March 10, 2021GE (NYSE:GE) announced today an agreement to combine its GE Capital Aviation Services business ("GECAS") with AerCap Holdings N.V. ("AerCap"). AerCap to Acquire GE Capital Aviation Services - Freighter Trends Piece, Passion [1] GECAS was the largest commercial airline leasing/financing company in the world by number of aircraft. 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 press release contains certain statements, estimates and forecasts with respect to future performance and events. AerCap Completes Acquisition of GE Capital Aviation Services from GE "GECAS is a highly attractive business and this transaction continues our strong track record of capital allocation. the 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 webcast replay will be archived in the "Investors" section of the company's website for one year. The transaction is expected to close in the fourth quarter of 2021. 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. 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. 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.The deal is reportedly valued at more than $30 billion. This combination will enhance our ability to provide innovative and attractive solutions for our customers and will strengthen our cash flows, earnings and profitability. Attractive order book of 493 new technology aircraft, more than 90% of which are narrowbodies. 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? 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 subsidiary of AerCap Holdings N.V. ("AerCap" or 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 transaction is expected to close in the fourth quarter of 2021. Mercantile Exchange Inc. and its licensors. Upon completion of the transaction, GE is expected to own approximately 46% of the combined company and willbe entitled to nominate two directors to the AerCap Board of Directors. Contact information for general inquiries and feedback. 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. RTTNews.com for RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges. 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. The adjusted debt-to-equity ratio of the combined company is expected to be 3.0x at closing of the transaction. Sources, Boss Combining these complementary franchises will deliver strategic and financial value for both companies and their stakeholders.
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