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AERCAP TO ACQUIRE GE CAPITAL AVIATION SERVICES March 10 , 2021 6:30 am EST CREATES AN INDUSTRY LEADER ACROSS ALL AREAS OF AVIATION LEASING : AIRCRAFT , ENGINES AND HELICOPTERS -- - COMBINED COMPANY WILL HAVE STRONGER REVENUES , CASH FLOWS AND EARNINGS AND GREATER CUSTOMER DIVERSIFICATION -- AERCAP EXPECTS TO MAINTAIN ITS CURRENT INVESTMENT GRADE RATINGS -- - AERCAP WILL HOST A CONFERENCE CALL AND WEBCAST ON WEDNESDAY , MARCH 10 , 2021 AT 8:30 A.M. EASTERN STANDARD TIME DUBLIN , March 10 , 2021 / PRNewswire / -- AerCap Holdings N.V. ( " AerCap " or the " Company " ) ( NYSE : AER ) , the global leader in aircraft leasing , announced today that it has entered into a definitive agreement with General Electric ( NYSE : GE ) under which AerCap will acquire 100 % of GE Capital Aviation Services ( " GECAS " ) , a GE business . The combined company will be an industry leader across all areas of aviation leasing , with over 2,000 owned and managed aircraft , over 900 owned and managed engines , over 300 owned helicopters and approximately 300 customers around the world . Aengus Kelly , Chief Executive Officer of AerCap , said , " We are excited about this opportunity to bring together two leaders in aviation leasing . AerCap and GECAS both have industry - leading teams , attractive portfolios , diversified customer bases and order books of the most in - demand new technology assets . This combination will enhance our ability to provide innovative and attractive solutions for our customers and will strengthen our cash flows , earnings and profitability .