AerCap Acquires Five General Electric GE90 Engines from Sanad for Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
AerCap Holdings N.V. has acquired five General Electric GE90-115B engines from Sanad, a company owned by Mubadala Investment Company PJSC. The terms of the transaction, which was announced at the Dubai Airshow 2023, have not been disclosed.
November 14, 2023 | 10:11 am
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AerCap's acquisition of five GE90-115B engines from Sanad may enhance its engine leasing portfolio, potentially increasing its market competitiveness.
The acquisition of the GE90-115B engines is likely to have a positive impact on AerCap's short-term stock performance as it could improve the company's asset base and leasing capabilities. The lack of disclosed terms makes it difficult to assess the full financial impact, but the strategic nature of the acquisition suggests a positive market perception.
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