1 November 2021
McCann FitzGerald LLP Advises AerCap on the Completion of its Acquisition of GECAS
In conjunction with Cravath, Swaine & Moore LLP and NautaDutilh N.V., we advised AerCap Holdings N.V. (“AerCap”) on the completion of its acquisition of the GE Capital Aviation Services business (“GECAS”) from General Electric.
Under the terms of the transaction agreement, General Electric received 111.5 million newly issued AerCap shares, approximately $23 billion of cash and $1 billion of AerCap notes.
Completion of this significant acquisition positions AerCap as the worldwide industry leader across all areas of aviation leasing. The combined company will serve approximately 300 customers around the world and will be the largest customer of Airbus and Boeing.
The McCann FitzGerald LLP team was led by Hilary Marren and David Lydon.