10 March 2021
McCann FitzGerald Advises AerCap on its Acquisition of GE Capital Aviation Services
In conjunction with Cravath, Swaine & Moore LLP and Nauta Dutilh NV, we advised AerCap Holdings N.V. (“AerCap”) on its definitive agreement with General Electric to acquire 100% of GE Capital Aviation Services (“GECAS”), a GE business.
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. The transaction is subject to approval by AerCap shareholders, receipt of necessary regulatory approvals and satisfaction of other customary closing conditions. It is expected to close in Q4 2021. Upon completion, the combined company will be an industry leader across all areas of aviation leasing.
The McCann FitzGerald team was led by Hilary Marren and David Lydon.