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AerCap Shareholders Approve Pending Acquisition of GE Capital Aviation Services

05/12/2021 01:50

05:38 AM EDT, 05/12/2021 (MT Newswires) -- AerCap Holdings (AER) said Wednesday its shareholders have approved its planned acquisition of General Electric's (GE) GE Capital Aviation Services business.

The deal, which was announced in March, will see Aercap acquiring the GE business for 111.5 million newly issued AerCap shares, $24 billion of cash and $1 billion of AerCap notes and/or cash.

The transaction remains subject to regulatory approvals and other customary closing conditions, according to the statement.

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