Genesis Lease shareholders approve merger with AerCap Holdings

Genesis Lease Limited announced (23-Mar-2010) that it has received shareholder approval for its proposed merger with AerCap Holdings. More than 70% of the Genesis common shares issued and outstanding as of the record date were voted and more than 97% were in favour of the merger. Genesis anticipates that the transaction will close on 25-Mar-2010, creating the world's largest independent aircraft leasing company by fleet size and value. Genesis shareholders will receive one AerCap ordinary share for every Genesis common share they own. Following the closing of the transaction, the combined company will retain the name AerCap. [more]