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  • 03-09-14

    UAE's Waha Corp to sell its USD575m stake in AerCorp

    (MENAFN) Abu Dhabi's Waha Capital signed a USD575 million deal to sell half of its stakes in AerCap Holdings, Arabian Business reported.

    Waha Capital said that it intends on using the money from the deal, which would reduce the company's stake in AerCorp from 26.3 percent to 14.1 percent, to repay its debt as well as funding its new investments.

    Meanwhile, AerCorp, which Waha Capital was its largest shareholder, announced buying an aircraft leasing business from American International Group in USD5.4 billion deal.

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