AerCap Holdings N.V. acquired Genesis Lease Limited, a transaction completed in March 2010, structured as Amalgamation of Genesis Lease Limited with AerCap International Bermuda Limited.
Genesis Lease Limited operates in Aircraft leasing. AerCap acquired Genesis Lease Limited in 2010 through the amalgamation of Genesis with AerCap International Bermuda Limited, completed in March 2010 (the FY2014 20-F cites a date of acquisition of March 25, 2010). Genesis was an aircraft leasing company; the deal was AerCap's first of three transformational acquisitions that, alongside ILFC (2014) and GECAS (2021), built AerCap into the global leader in aviation leasing. Transaction value was not disclosed in AerCap's 20-F.
The Genesis acquisition established AerCap's track record of successfully identifying, acquiring and integrating aircraft leasing companies, which AerCap's 20-F cites as a key competitive advantage.
Advisory firms were not disclosed for this transaction.