AerCap wins unconditional EU okay for $30 billion GE deal

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FILE PHOTO: The logo of U.S. conglomerate General Electric is pictured at the site of the company's energy branch in Belfort
FILE PHOTO: The logo of U.S. conglomerate General Electric is pictured at the site of the company’s energy branch in Belfort, France, February 5, 2019. REUTERS/Vincent Kessler

July 27, 2021

BRUSSELS (Reuters) – EU antitrust regulators on Tuesday approved without conditions Irish aircraft leasing company AerCap’s $30 billion bid for General Electric’s aircraft leasing business, according to a filing on the European Commission website.

The deal between the world’s two largest aircraft leasing companies would create a new financing giant and the largest buyer of jetliners built by planemakers Airbus and Boeing.

The European Commission said it did not see any competition issues, confirming a Reuters story last week.

(Reporting by Foo Yun Chee)