Courtesy of Benzinga.
AerCap Holdings N.V. (NYSE: AER) today announced that its wholly-owned subsidiary, AerCap Ireland Limited, has signed and completed an agreement with a subsidiary of Guggenheim Partners, LLC (“Guggenheim”) under which AerCap has sold its equity interest in Aircraft Lease Securitisation Limited (“ALS”) by transferring 100% of its interest in the E-Notes, the equity securities issued by ALS, to Guggenheim. ALS is an asset backed securitisation vehicle with a portfolio of fifty aircraft valued at approximately $1 billion. The portfolio is leased to 26 different airlines.
As part of the agreement, AerCap will continue to service and manage the aircraft portfolio.
