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AIR - Airbus SE News Story

€112.32 0.3  0.3%

Last Trade - 27/07/21

Sector
Industrials
Size
Large Cap
Market Cap £75.14bn
Enterprise Value £77.41bn
Revenue £42.48bn
Position in Universe 14th / 843

EU antitrust regulators to decide on AerCap's $30 bln GE deal by July 26

Mon 21st June, 2021 1:38pm
BRUSSELS, June 21 (Reuters) - EU antitrust regulators will
decide by July 26 whether to clear a $30 billion bid by
Ireland's AerCap  AER.N  to buy the aircraft leasing business of
General Electric  GE.N , a European Commission filing showed on
Monday.
    The world's two largest aircraft leasing companies are
seeking to create a new financing giant which would be the
largest buyer of jetliners built by planemakers Airbus  AIR.PA 
and Boeing  BA.N .  urn:newsml:reuters.com:*:nL4N2L82OQ
    The deal will reshape a global air finance industry that has
attracted a flood of capital in recent years as investors look
for higher returns. 
    AerCap requested EU approval on Friday.
    The EU competition enforcer can approve the deal with or
without concessions or it can open a four-month investigation if
it has serious concerns.
    Analysts said the scale of the combined entity, controlling
about three times the number of aircraft as its nearest
competitor, Dublin-based Avolon, could force AerCap to offload
aircraft to meet antitrust demands.

 (Reporting by Foo Yun Chee; Editing by Edmund Blair)
 ((foo.yunchee@thomsonreuters.com; +32 2 287 6844; Reuters
Messaging: foo.yunchee.thomsonreuters.com@reuters.net))
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