{"id":404260,"date":"2021-03-11T08:30:09","date_gmt":"2021-03-11T03:00:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=404260"},"modified":"2021-03-11T09:41:11","modified_gmt":"2021-03-11T04:11:11","slug":"aercap-to-buy-ges-aircraft-leasing-unit-in-30-billion-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aercap-to-buy-ges-aircraft-leasing-unit-in-30-billion-deal\/","title":{"rendered":"AerCap to buy GE&#8217;s aircraft leasing unit in $30 billion deal"},"content":{"rendered":"<p>(Reuters) &#8211; The world&#8217;s two largest aircraft leasing companies are combining to create a new financing giant after Ireland&#8217;s AerCap finalised a deal worth more than $30 billion to buy the leasing business of General Electric. <\/p>\n<p>The two companies, which tied the knot on Wednesday after days of speculation surrounding a takeover of GE&#8217;s leasing arm GECAS, together control more than 2,000 jets, dwarfing rivals.<\/p>\n<p>The tie-up creates easily the largest buyer of jetliners built by planemakers Airbus and Boeing and will reshape a global air finance industry that has attracted a flood of capital in recent years as investors look for higher returns.<\/p>\n<p>Shares in both New York-listed companies fell about 6% on Wednesday as AerCap prepared to issue new stock to help finance the transaction and GE disappointed expectations of some investors that it would raise its cash outlook.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; The world&#8217;s two largest aircraft leasing companies are combining to create a new financing giant after Ireland&#8217;s AerCap finalised a deal worth more than $30 billion to buy the leasing business of General Electric. The two companies, which tied the knot on Wednesday after days of speculation surrounding a takeover of GE&#8217;s leasing arm GECAS, together control more than 2,000 jets, dwarfing rivals. The tie-up creates easily the largest buyer of jetliners built by planemakers Airbus and Boeing and will reshape a global air finance industry that has attracted a flood of capital in recent years as investors [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-404260","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=404260"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404260\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=404260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=404260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=404260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}