Waha Capital’s part-owned AerCap finalises $5bn deal for AIG aircraft leasing unit | The National:
"AerCap Holdings, the New York-listed company in which the Abu Dhabi investment firm Waha Capital has a 26.3 per cent stake, said it had agreed to buy the insurer American International Group’s aircraft leasing business in a deal valued at more than US$5 billion.
Under the terms of the transaction, which will make AerCap an industry leader with in excess of 1,300 aircraft in its fleet, AIG will receive $3bn in cash in addition to 97.56 million AerCap shares for its wholly-owned subsidiary International Lease Finance Corporation (ILFC), Amsterdam-based Aercap yesterday.
AerCap will also assume $21bn of ILFC’s outstanding debt and will seek new finance to fund the cash part of the sale, according to the statement on the company’s website. The combined company will retain the name AerCap with ILFC becoming a wholly-owned subsidiary."
'via Blog this'
No comments:
Post a Comment