M&A Deal Summary

AerCap Acquires GE Capital Aviation Services

On March 10, 2021, AerCap acquired aerospace company GE Capital Aviation Services from General Electric

Acquisition Highlights
  • This is AerCap’s 1st transaction in the Aerospace sector.
  • This is AerCap’s 1st transaction in Ireland.

M&A Deal Summary
Date 2021-03-10
Target GE Capital Aviation Services
Sector Aerospace
Buyer(s) AerCap
Sellers(s) General Electric
Deal Type Divestiture

Target

GE Capital Aviation Services

Shannon, Ireland
GE Capital Aviation Services (GECAS) is an aviation lessor and financier that has partnered with customers to find solutions to their challenges and helped their businesses to thrive. GECAS offers a broad array of financing products and services on these assets including operating leases, purchase/leasebacks, capital markets, and airframe parts management. GECAS owns, services, or has on order approximately 1,700 aircraft. GECAS serves over 200 customers in ~75 countries from a network of 15 offices around the world.

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Buyer(S) 1

Buyer

AerCap

Dublin, Ireland
Category Company
Founded 1995
Sector Aerospace
Employees678
Revenue 7.6B USD (2023)
DESCRIPTION

AerCap is the largest owner of commercial aircraft in the world and the most active aircraft trader. The company offers aircraft asset management services, such as remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews. AerCap was incorporated in 1995 and is based in Dublin, Ireland.

DEAL STATS #
Overall 1 of 2
Sector (Aerospace) 1 of 2
Type (Divestiture) 1 of 2
Country (Ireland) 1 of 1
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-14 Sanad - Five General Electric GE90 Engines

Abu Dhabi, United Arab Emirates

Sanad's Five General Electric GE90 Engines provides engines.

Buy -

Seller(S) 1

SELLER

General Electric

Boston, Massachusetts, United States
Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 67.6B USD (2023)
DESCRIPTION

General Electric is a diversified technology and financial services corporation. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 44 of 45
Sector (Aerospace) 2 of 2
Type (Divestiture) 37 of 38
Country (Ireland) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-27 GE Lighting

Cleveland, Ohio, United States

GE Lighting LLC offers professional & consumer lighting solutions. GE Lighting was founded in 2000 and is based in Cleveland, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-10 General Electric - Nuclear Activities

Boston, Massachusetts, United States

General Electric's Nuclear Activities bring nuclear steam turbine technology and services expertise with EDF strengthening its commitment to the nuclear power sector. General Electric's Nuclear Activities is based in Boston, Massachusetts.

Sell -
Mergr

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