English | 简体中文 | 繁體中文 | 한국어
Friday, 30 November 2012, 22:20 HKT
Share:

Source: AerCap Holdings
AerCap Settles Lawsuit with GE

Amsterdam, Nov 30, 2012 - (ACN Newswire) - AerCap Holdings N.V. (AerCap) today announced it has settled its lawsuit against GE Capital Corporation and GE Capital Aviation Services (GECAS) and withdrawn with prejudice the complaint filed in New York State Court in February 2012 concerning servicing agreements relating to aircraft leases with Transbrasil S/A Lineas Areas, a now-defunct Brazilian airline.

Although the details of the settlement agreement are confidential, information exchanged since the initiation of AerCap's lawsuit has satisfied AerCap that GECAS did not commit fraud and otherwise has a reasonable basis for the position that it did not breach the standard of care owed under the servicing agreements. GECAS was the servicer of aircraft owned by AerCap and leased to Transbrasil. The GECAS servicing relationship with AerCap ended in 2001.

About AerCap

AerCap is a New York Stock Exchange-listed aircraft leasing company (AER) and has one of the youngest fleets in the industry leased to 100 airlines in 50 countries. AerCap has $10 billion of assets and a fleet of 337 aircraft. The company is headquartered in the Netherlands and has offices in Ireland, the United States, China, Singapore and the United Arab Emirates.

This press release may contain forward-looking statements that involve risks and uncertainties. In most cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of such terms or similar terminology. Such forward-looking statements are not guarantees of future performance and involve significant assumptions, risks and uncertainties, and actual results may differ materially from those in the forward-looking statements.

For Media:
Frauke Oberdieck, AerCap
Tel. +31 20 655 9616
foberdieck@aercap.com

For Investors:
Peter Wortel, AerCap
Tel. +31 20 655 9658
pwortel@aercap.com

AerCap Press Release GECAS Transbrasil Nov 2012: http://hugin.info/149317/R/1661752/538440.pdf


This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: AerCap Holdings N.V. via Thomson Reuters ONE

Topic: Legal Action

http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2014 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 ACN Search:
 
AerCap Holdings
Apr 12, 2014 06:40 HKT
AerCap Holdings N.V. Completes 29 Aircraft Transactions During the First Quarter 2014
Apr 9, 2014 05:40 HKT
AerCap Holdings N.V. to Release First Quarter 2014 Financial Results on May 6, 2014
Mar 19, 2014 05:00 HKT
AerCap Holdings N.V. Announces 20-F Filing
Feb 21, 2014 09:10 HKT
AerCap Holdings N.V. Reports Record Financial Results
Feb 13, 2014 23:25 HKT
AerCap Holdings N.V. Shareholders Approve Acquisition of ILFC
Jan 16, 2014 07:35 HKT
AerCap Holdings N.V. to Release Fourth Quarter and Full Year 2013 Financial Results on February 20, 2014
Jan 13, 2014 22:30 HKT
AerCap Holdings N.V. Completes 197 Aircraft Transactions During the Full Year and 41 Aircraft Transactions During the Fourth Quarter 2013
Dec 16, 2013 20:10 HKT
AerCap to Acquire International Lease Finance Corporation
Nov 4, 2013 22:20 HKT
AerCap Holdings N.V. Announces Filing of Interim Financial Report for the First Nine Months of 2013
Nov 4, 2013 21:45 HKT
AerCap Holdings N.V. Reports Record Financial Results
More news >>
 News Alerts »
Copyright © 2014 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 5791 1818

Connect With us: