AMSTERDAM, Nov. 11, 2010 /PRNewswire-FirstCall/ -- AerCap Holdings N.V. ("AerCap", NYSE: AER) announced that today it has completed the transaction with Abu Dhabi-based investment holding company Waha Capital PJSC ("Waha", ADX: WAHA), which was previously announced on October 25, 2010. As part of this transaction, AerCap has sold a 20% stake in the company by issuing approximately 29.8 million new shares to Waha today. In exchange, AerCap has received $105 million in cash, Waha's 50% interest in the joint venture company AerVenture and a 40% interest in Waha's own 16-aircraft portfolio.
AerCap is the world's leading independent aircraft leasing company. AerCap also provides engine leasing, aircraft management services, aircraft maintenance, repair and overhaul services and aircraft disassemblies. AerCap is headquartered in The Netherlands and has offices in Ireland, the United States, China, Singapore and the United Kingdom.
About Waha Capital
Waha Capital is a leading Abu Dhabi Securities Exchange-listed and Abu Dhabi-based diversified investment holding company. Waha Capital's strategy is to drive multi-sector business growth and diversification through acquisitions, joint ventures and creation of new business. Its current business portfolio includes big-ticket leasing, financial services, maritime, oil and gas, and real estate development. Waha Capital's main institutional shareholder is Mubadala Development Company.
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SOURCE AerCap Holdings N.V.