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. All times are ET. GECAS is a highly attractive business and this transaction continues our strong track record of capital allocation. AerCap expects to maintain its current investment grade credit ratings with S&P, Moodys and Fitch. The combined company will serve approximately 300 customers around the world and will be the largest customer of Airbus and Boeing. www.ge.com, GE Capital Aviation Services (GECAS) is a world-leading aviation lessor and financier. AerCap Completes Acquisition of GE Capital Aviation Services from GE Premier engine leasing business adds revenue diversification and greater ability to provide innovative solutions to our airline customers. Type a symbol or company name. 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. In the year 2000, it changed the name to GE Money Bank. 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. 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. Ireland's AerCap buys GE Capital Aviation in $30bn deal AerCap Holdings N.V. Announces Pricing of $1 Billion Aggregate Access GEs recent and historic Annual Reports and accompanying materials. En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. Do Not Sell My Personal Information (CA Residents Only). AerCap to Acquire GE Capital Aviation Services - Benzinga 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. 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. It went through an IPO in 2016 and operates under the new name of Moneta Money Bank. . Under the terms of the agreement, GE will receive 111.5 million newly issued AerCap shares, $24 billion of cash and $1 billion of AerCap notes and/or cash. This combination will enhance our ability to provide innovative and attractive solutions for our customers and will strengthen our cash flows, earnings and profitability. Narrowbody aircraft will represent approximately 60% of the combined aircraft fleet. March 10, 2021, 11:30 AM UTC. 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. Attractive order book of 493 new technology aircraft, more than 90% of which are narrowbodies. Explore a timeline of GE technologies that have spurred transformation across the world. Ahead, Innovative 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. Cravath, Swaine & Moore LLP, NautaDutilh NV and McCann Fitzgerald acted as legal advisors to AerCap. The transaction will enhance many of AerCap's key credit metrics, as the combined company will have stronger cash flows and a more diversified revenue and customer base. 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, Moody's and Fitch. www.ge.com AerCap serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions. 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. 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. 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. 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. 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. Cities, CNN The transaction will enhance many of AerCap's key credit metrics, as the combined company will have stronger cash flows and a more diversified revenue and customer base. Type a symbol or company name. 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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. AerCap Holdings, a global leader in aircraft leasing, has completed its acquisition of the GE Capital Aviation Services business (GECAS) from General Electric (GE). Leading aircraft leasing platform with expanded customer breadth and reach, given AerCap and GECAS's complementary customer bases with limited overlap. These statements are only predictions based on our current expectations and projections about future events. for GE (NYSE:GE) rises to the challenge of building a world that works. Attractive order book of 493 new technology aircraft, more than 90% of which are narrowbodies. 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. PDF AerCap to Acquire GE Capital Aviation Services Discover how our people & technology are solving global issues, improving lives, and changing industries. GECAS owns, services or has on order approximately 1,700 aircraft. AerCap To Acquire GE Capital Aviation Services - Quick Facts - RTTNews Accomplished leaders building GEs legacy. Access important shareholder information. 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. For more than 125 years, GE has invented the future of industry, and today the companys dedicated team, leading technology, and global reach and capabilities help the world work more efficiently, reliably, and safely. GECAS owns, services or has on order approximately 1,700 aircraft. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Explore a career with us. Cravath, Swaine & Moore LLP, NautaDutilh NV and McCann Fitzgerald acted as legal advisors to AerCap. Opco, a Contact information for general inquiries and feedback. 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. Buying a Home in California Is Already Hard. Cision Distribution 888-776-0942 Strategic combination positions AerCap as the worldwide industry leader across all areas of aviation leasing: aircraft, engines and helicopters. "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. www.ge.com, GE Capital Aviation Services (GECAS) is a world-leading aviation lessor and financier. AerCap now has a portfolio of over 2,000 aircraft, over 900 engines and over 300 helicopters, as well as an order book of approximately 450 of the most fuel-efficient and technologically advanced aircraft in the world. 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. These statements are only predictions based on our current expectations and projections about future events. 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. 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. The transaction is expected to close in the fourth quarter of 2021.. AerCap and GECAS both have industry-leading teams, attractive portfolios, diversified customer bases and order books of the most in-demand new technology assets. At GE, we rise to the challenge of building a world that works. For over five decades, we have partnered with our customers to find solutions to their challenges and helped their businesses to thrive. Citi and Morgan Stanley acted as financial advisors to AerCap. 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. and Sources, Boss AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. Jones This press release contains certain statements, estimates and forecasts with respect to future performance and events. Caution Concerning Forward-Looking Statements The transaction will enhance many of AerCap's key credit metrics, as the combined company will have stronger cash flows and a more diversified revenue and customer base. DJIA, which is delayed by two minutes. 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. It was founded in 1997, after the acquisition of Agrobanka bank as GE Capital Bank. For more information regarding AerCap and to be added to our email distribution list, please visit www.aercap.comand follow us on Twitter www.twitter.com/aercapnv. Citi and Morgan Stanley acted as financial advisors to AerCap. 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. GE Announces Chief Financial Officer Transition. 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. 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. 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. Access important shareholder information. GE Announces Completion of Combination of GECAS with AerCap, Receives The adjusted debt-to-equity ratio of the combined company is expected to be 3.0x at closing of the transaction. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. The acquisition positions AerCap as the worldwide industry leader across all areas of aviation leasing: aircraft, engines and helicopters. State Farms Exit Makes It Harder. Together we're 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.". Were deeply proud of GE employees around the world rising to the challenge. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! its The deal is reportedly valued at more than $30 billion. Performance, Impact Files, Fresh Money, Money GE. Leading aircraft leasing platform with expanded customer breadth and reach, given AerCap and GECAS's complementary customer bases with limited overlap. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. 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. Copied. Together with our customers, were proving that no one is ever limited to only affordable, reliable, or sustainable energy. Tune in or catch up on GEs latest investor events and reports. Commercializing GEs technology and IP to accelerate growth and achieve market differentiation. 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. GECAS offers a broad array of financing products and services on these assets including operating leases, purchase/leasebacks, capital markets, and airframe parts management. Attractive order book of 493 new technology aircraft, more than 90% of which are narrowbodies. Copy and paste multiple symbols separated by spaces. Learn more about our culture, businesses, and life at GE. Zephyrus Aviation Capital Selects GE Digital Software for Enhanced Records Management. 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. 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. Get in touch and stay informed. This document contains forward-looking statements that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. "This business combination will also strengthen our longstanding partnership with GE Aviation, which we look forward to working with closely in the future. GE encourages investors to visit these websites from time to time, as information is updated and new information is posted. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. Aircraft leasing company AerCap has signed a definitive agreement with General Electric to acquire 100% of GE Capital Aviation Services. 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. We connect capital to infrastructure and deliver innovative financial solutions that help make the world work better. CNN. Access the latest press releases, media contacts, and press tools. These symbols will be available throughout the site during your session. [emailprotected], GE Media Contact Romaine Bostick breaks down the day's top stories and trading action leading into the close. ", GE Chairman and CEO, H. Lawrence Culp, Jr., said, "AerCap is the right partner for our exceptional GECAS team. New technology aircraft will represent approximately 56% of the combined in-service fleet, expected to grow to approximately 75% in 2024. AerCap to Acquire GE Capital Aviation Services - PR Newswire 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. Factset: FactSet Research Systems Inc.2018. Premier engine leasing business adds revenue diversification and greater ability to provide innovative solutions to our airline customers. LLC. Dow Jones: The Dow Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. Best-in-class trading platform with deep market insight and relationships: over the past four years AerCap and GECAS have sold on average over. View original content to download multimedia:http://www.prnewswire.com/news-releases/aercap-to-acquire-ge-capital-aviation-services-301244404.html, http://www.prnewswire.com/news-releases/aercap-to-acquire-ge-capital-aviation-services-301244404.html. For more information regarding AerCap and to be added to our email distribution list, please visit www.aercap.comand follow us on Twitter www.twitter.com/aercapnv. The transaction is expected to close in the fourth quarter of 2021. rights Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings GE Capital Aviation Services - Wikipedia The transaction is expected to close in the fourth quarter of 2021. 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.
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