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AerCap Holdings completes its $7.6 billion acquisition of the International Lease Finance Corporation (ILFC) unit from American International Group (AIG), establishing itself as the second-largest jet leasing company globally. With a fleet of over 1,300 aircraft and a $24 billion order book, AerCap benefits from the industry trend of airlines shifting towards leasing rather than owning planes. The higher-than-expected sale price provides AIG with substantial net cash proceeds.
Tuesday, 13 May, 2014