AerCap wins unconditional EU deal for $ 30 billion deal with GE



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The logo of the American conglomerate General Electric is pictured on the site of the energy branch of the company in Belfort, France, on February 5, 2019. REUTERS / Vincent Kessler

BRUSSELS, July 27 (Reuters) – EU antitrust regulators on Tuesday unconditionally approved a $ 30 billion offer from Irish aircraft leasing company AerCap (AER.N) for the leasing business of General Electric (GE.N) planes, according to a document posted on the European Commission’s website. .

The deal between the two largest aircraft leasing companies in the world would create a new finance giant and the largest buyer of airliners built by aircraft manufacturers Airbus (AIR.PA) and Boeing (BA.N).

The European Commission said it saw no competition concerns, confirming a Reuters story last week. Read more

Reporting by Foo Yun Chee

Our Standards: The Thomson Reuters Trust Principles.

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