12-Nov-2010 8:37 AM

AerCap completes sale of 20% stake to Waha Capital

AerCap Holdings announced (11-Nov-2010) the completion of the transaction for the sale of a 20% stake to Waha Capital in exchange for certain aircraft leasing assets and USD105 million in cash. The transaction was previously announced on 25-Oct-2010. As part of the transaction, AerCap has sold a 20% stake in the company by issuing approximately 29.8 million new shares to Waha. In exchange, AerCap has received USD105 million in cash, Waha's 50% interest in the JV company AerVenture and a 40% interest in Waha's 16-aircraft portfolio. [more]