AerCap Holdings, one of the world’s largest independent aircraft lessors, issued a statement quashing speculation about an imminent sale of the company in the wake of a sharp spike in its stock price last week.
In its statement, AerCap said, “While it is our longstanding practice not to respond to market rumors and speculation, we are making an exception in this limited situation.”
AerCap disclosed in May 2012 that its board of directors has decided to explore a range of strategic alternatives to enhance shareholder value, including continued execution of our operating strategies, further share repurchases, aircraft portfolio sales or a sale or merger of the company.
AerCap said, “The company wishes to stress however that it currently neither has an engagement with any financial advisor nor is in discussions with any party regarding the sale of AerCap. We do not intend to further comment on this matter.”
To read the full AerCap statement click here.
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