AerCap reports first quarter results

AerCap’s net income for the first quarter of 2021 was $228 million, or $1.76 per share. This was primarily impacted by $100 million of cash accounting and $25 million of GECAS transaction-related expenses, pre-tax. This compares to net income of $277 million, or earnings per share of $2.14, for the same period in 2020. Excluding GECAS transaction-related expenses, net income for the first quarter of 2021 was $250 million, or $1.93 per share. Aengus Kelly, Chief Executive Officer of AerCap, said, “The first quarter of 2021 was an exceptional one for AerCap, as we announced plans to acquire GECAS from GE, a transaction that we believe will create significant long-term value for our