Consolidation has been a much-debated topic through the pandemic crisis, but one that has focused on which airlines might fail or merge. But all eyes shifted to the leasing sector when AerCap confirmed a deal to acquire GE's leasing arm, GECAS-something equivalent to a supernova lessor merger. Assuming the deal gets through antitrust scrutiny, a combined AerCap/ GECAS would be far and away the largest player in the market, with a portfolio of more than 2,000 aircraft (see pg. 24), making it a leasing powerhouse, especially in narrowbodies and regional aircraft.
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