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21-May-2015 11:21 AM

AerCap completes 100% purchase of ILFC from AIG

AerCap and AerCap Ireland Limited announced (20-May-2015) the completion of the purchase of 100% of ILFC’s common shares from AIG. The total consideration paid to AIG on the Closing Date consisted of USD2.4 billion in cash and 97,560,976 newly issued AerCap common shares. As a result of the ILFC Transaction, AIG owns approximately 46% of AerCap. A portion of the AIG shares remain subject to a lockup agreement providing for the staggered expiration of lockup periods beginning nine months and ending 15 months after the closing date. To date, no shares have been sold by AIG. AIG has entered into agreements with AerCap regarding voting restrictions, standstill provisions and certain registration rights. AerCap reported transaction and integration expenses related to the transaction of USD4.4 million for 1Q2015. [more - original PR]

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