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Third time lucky as Macquarie buys GATX
01 October 2006
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Macquarie GATX Air
Macquarie finally acquired an aircraft operating lessor when it bought GATX Air for $1.46 billion.
The Australian bank was out bid in auctions for debis Airfinance (now AerCap) and Awas, so chose to acquire GATX's aircraft leasing business in a private sale.
Och-Ziff Capital Management Group is also a major investor in the Macquarie-led consortium. The New York investment company had bid with Macquarie for Awas.
Many lessors had speculated that GATX was looking to sell its aircraft leasing business but did not know that Macquarie had been negotiating for...
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