Genesis Lease has received shareholder approval for its proposed merger with AerCap Holdings N.V. More than 70% of the Genesis common shares issued and outstanding as of the record date were voted and, of the votes cast, more than 97% were voted in favor of the merger. Genesis anticipates that the transaction will close on Thursday, March 25, 2010. 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.
Macquarie Rotorcraft to acquire 12-helicopter portfolio from Milestone
AerCap offshoot Milestone Aviation Group (Milestone) has agreed to sell a 12-helicopter portfolio to Macquarie Rotorcraft. The portfolio will comprise a combination of Sikorsky S-92, Airbus H135, Bell 412 and Leonardo AW109, AW139 and AW189 helicopters which are presently on lease to six customers in nine countries across Europe, the Middle East, Africa and South-East