European Commission clears AerCap’s acquisition of GECAS

The European Commission has approved AerCap’s acquisition of sole control over GE Capital Aviation Services (GECAS) as well as engine lessor Shannon Engine Support Limited (SES). The Commission stated that its investigation into the proposed transaction showed that, following the deal, the companies’ combined market shares would “remain modest”, and that a sufficient number of competitors will stay on the markets. As a result, the Commission concluded that the transaction was unlikely to give rise to serious competition concerns in the markets for aircraft and aircraft engine leasing. In addition, the Commission also examined the vertical aspects arising from the