Post by
Takafuji on Mar 12, 2021 7:50pm
anyone here that can help me?
Hi, new investor in aercap here, not sure if anyone is here as the board here is pretty dead.
So with this GECAS merger/acquisition, Aercap is issuing 111 million new shares diluting share base to 240.76 million shares? is that about right?
But the assets they are receiving are worth 40 billion but are being purchased for 31 billion?
That would essentially double current equity to 18 billion over 241m so about 74.69 a share in terms of book price equity, so that's another 20% to go
Is this essentially what i should be looking at to value the acquisition for Aercap?
Not trying to include the synergies and cost savings of the merged operations which should result in increased profit. as well as even higher leverage over the aircraft makers to get better cost aircraft. I think they will be able to outmuscle the other lessors and get all the high quality lessees higher profitability leases of the more popular higher value aircraft.