Genesis Lease reveals AerCap merger
Under the deal — which is subject to shareholder approval and is likely to be completed sometime during the final three months of the year — Genesis will become a wholly-owned subsidiary of AerCap, with the enlarged business going under the Dutch firm’s name.
The deal will also make AerCap, which already has a presence at Shannon, the number one independent franchise within the global aircraft leasing sector, with some 116 airline customers across 50 countries and a portfolio of operations valued at $6bn, as well as a further 83 aircraft on order.
