Pending merger of major players portends seismic shift in leasing landscape
AerCap’s purchase of Genesis Lease makes it the world’s largest independent leasing company, and has kicked off what is expected to be a prolonged period of reshaping for the multibillion-dollar aircraft leasing market. The all-share purchase creates an entity with approximately $8 billion in assets even as lessors face reduced demand owing to the nearly global downturn in the commercial aircraft sector. Lease rates have fallen and asset values for older aircraft types have nosedived, a ...
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