AerCap-GECAS deal may hurt aircraft market competition - IATA

Aircraft leasing giant AerCap’s acquisition of rival GECAS will reduce competition in the aircraft market, the head of global airline industry body IATA warned on Wednesday. “We understand that the situation of the leasing companies is difficult,” IATA Director General Alexandre de Juniac said. “But combining the two to have a big player (in) a very dominant situation is not good news for us.” The world’s two largest aircraft lessors announced plans last week to combine. Analysts have said the deal could attract scrutiny from antitrust regulators.<br/>