AerCap acquisition creates world's largest buyer of jetliners

The combined company will be dominant across all areas of aviation leasing, with more than 2,000 owned and managed aircraft,

The tie-up creates easily the largest buyer of jetliners built by planemakers Airbus and Boeing.

Irish air finance and leasing company AerCap has confirmed the acquisition of one of its largest rivals Gecas to create the world's largest aircraft owner.

AerCap has entered into a definitive agreement with General Electric (GE) to acquire 100% of its leasing unit in a deal worth more than $30bn (€25.2bn).