English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 30 November 2012, 22:20 HKT/SGT

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today announced it has settled its lawsuit against GE Capital Corporation and GE Capital Aviation Services (GECAS) and withdrawn with prejudice the complaint filed in New York State Court in February 2012 concerning servicing agreements relating to aircraft leases with Transbrasil S/A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
[email protected]

For Investors:
Peter Wortel, AerCap
Tel. +31 20 655 9658
[email protected]

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

From the Asia Corporate News Network

Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


AerCap Holdings Releated News
Jan 15, 2016 22:00 HKT/SGT
AerCap Leased, Purchased and Sold 405 Aircraft in 2015
Jan 14, 2016 22:30 HKT/SGT
AerCap Holdings N.V. to Release Fourth Quarter 2015 Financial Results on February 23, 2016
Jan 13, 2016 22:00 HKT/SGT
AerCap Executes First Placement of Ten 737 MAX 8s to Travel Service
Jan 6, 2016 08:10 HKT/SGT
AerCap Announces Completion of $0.6 Billion Unsecured Revolver Amendment and Extension
Dec 10, 2015 10:00 HKT/SGT
AerCap Announces Closing of $1.3 Billion of New Credit Facilities
More news >>
Copyright © 2018 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 6721 7212

Connect With us: