Travel crisis kicks off consolidations in aviation

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By Jennifer Kang
01 Apr 2021

Investors are expecting the wave of consolidations in the aviation sector to continue beyond the GECAS-AerCap merger as smaller lessors look for ways to survive and bigger players seek for investment opportunities. The most recent example is Carlyle Aviation’s acquisition of Fly Leasing, another deal that highlights the monumental changes occurring within the aircraft sector in the midst of Covid-19.

Just in March, two significant acquisitions occurred in the aviation sector, starting with AerCap’s acquisition of GECAS on March 10. The combined company will create an aviation giant with over 2,000 owned and managed aircraft, over 900 engines, and 300 helicopters, according to a statement from ...

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