AerCap Acquisition of GECAS
Creating a Leader Across Aviation Leasing
Attractive portfolio focused on new technology and narrowbody aircraft assets
Highlights
Combined company will be a leader in aviation leasing
‣ >2,000 owned and managed aircraft across ~200 customers
>900 owned and managed engines across ~45 customers
>300 owned helicopters across ~40 customers
High-quality combined aircraft fleet, with average fleet age of 6.9
years and average remaining lease term of 7.1 years
World's premier engine leasing business will add further revenue
diversification benefits and a wider product offering
Engine leasing fleet concentrated in CFM56 and LEAP engines that
power the world's most popular aircraft (~5% of assets)
Combined Company Aircraft by NBV1
Dec 2020
Dec 2024
Current
Aircraft
44%
New Technology
Technology
Aircraft
56%
RJ, 1%
New
Technology
Aircraft
~75%
Current
Technology
Aircraft
-25%
RJ, <1%
Helicopter business is the youngest and largest fleet in the industry,
and will be marked down significantly (~5% of assets)
Widebody
40%
Widebody
-33%
Narrowbody
59%
1.
As of December 31, 2020 and 2024 respectively. NBV % based on pro forma estimates
AerCap Confidential property of the company, not for disclosure or use without permission
Narrowbody
~66%
AERCAP
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