AerCap acquires Genesis Lease, increases its portfolio to 345 aircraft

AerCap Holdings N.V. and Genesis Lease Limited  announced the completion of their amalgamation, previously announced on September 18, 2009, under which Genesis shareholders will receive one AerCap ordinary share for every Genesis common share they owned.

Under the merger, Genesis became a wholly-owned subsidiary of AerCap and its shares ceased trading at the New York Stock Exchange.  AerCap’s CEO Klaus Heinemann and CFO Keith Helming will lead the combined company, which has retained the name AerCap.

AerCap now has 345 commercial aircraft in their portfolio.