Aircraft Leasing

AerCap To Acquire General Electric's GECAS To Create Aircraft Leasing Giant

Reuters | |

The world’s two largest aircraft leasing companies are combining to create a new financing giant after Ireland’s AerCap finalized a deal worth more than $30 billion to buy the leasing unit of General Electric.

The two companies, which tied the knot on Wednesday after days of speculation surrounding a takeover of GE’s leasing arm GECAS, together control more than 2,000 jets, dwarfing rivals.

AerCap and General Electric's GECAS in Merger Talks

Reuters | |

Aircraft leasing is on the brink of its biggest shake-up in almost a decade as its top two players AerCap and General Electric’s GECAS discuss a deal to forge an industry titan with over 2,000 jets, financial sources said on Monday.

Negotiations for a tie-up follow years of speculation over the sale of GECAS and come as COVID-19 is expected to shift more of the world’s passenger aircraft fleet into the arms of the leasing industry, which already takes about half of Airbus and Boeing deliveries.

Alaska Airlines Leases 13 New Boeing 737 MAX 9 Jets

Reuters | |

Alaska Air Group Inc said on Monday it would lease 13 new Boeing 737 MAX 9 planes from aircraft lessor Air Lease Corp, handing its traditional jet supplier a boost less than a week after Boeing won U.S. approval to fly the MAX again.

Alaska also disclosed plans to sell 10 Airbus A320s to Air Lease, reducing its reliance on European jets inherited from a takeover of Virgin America and moving back towards being a carrier that labeled its jets "Proudly All Boeing."

The deal is seen as Boeing’s opening shot together with an influential lessor in a campaign to rehabilitate the 737 MAX, which was grounded for 20 months following two fatal accidents.

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