Aerospace & Defense

AerCap wins unconditional EU okay for $30 bln GE deal

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The logo of U.S. conglomerate General Electric is pictured at the site of the company's energy branch in Belfort, France, February 5, 2019. REUTERS/Vincent Kessler

BRUSSELS, July 27 (Reuters) - EU antitrust regulators on Tuesday approved without conditions Irish aircraft leasing company AerCap's (AER.N) $30 billion bid for General Electric's (GE.N) aircraft leasing business, according to a filing on the European Commission website.

The deal between the world's two largest aircraft leasing companies would create a new financing giant and the largest buyer of jetliners built by planemakers Airbus (AIR.PA) and Boeing (BA.N).

The European Commission said it did not see any competition issues, confirming a Reuters story last week.

Reporting by Foo Yun Chee

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