AerCap becomes largest aircraft lessor with GECAS acquisition close

With a portfolio of over 2,000 aircraft, 900 engines and more than 300 helicopters, with a lessee base of more than 300 customers and a 450-strong orderbook, AerCap is now the largest aircraft leasing company. The lessor announced the final close of its acquisition of GE Capital Aviation Services (GECAS) from General Electric (GE) today. The aircraft fleet represents approximately 90% of the assets of the combined company. AerCap noted that with its orderbook, new technology aircraft are expected to make up 75% of the aircraft fleet by 2024. “Completion of this transaction represents an important milestone for AerCap that