AerCap sells equity interest in GFL

Two days ago, AerCap announced that it had completed the sale of 100% of the class A common shares in Genesis Funding Limited (GFL) to GFL Holdings, an affiliate of Wood Creek Capital Management.  GFL is an aircraft securitisation vehicle with a portfolio of thirty-seven aircraft with an average age of thirteen years valued at approximately $750 million. As part of the agreement, AerCap Ireland continues to act as servicer for the GFL aircraft portfolio. Edward O’Byrne, Chief Investment Officer of AerCap, commented: “We are pleased to announce this transaction, which is consistent with AerCap’s portfolio management strategy.  The acquisition