GE Sinks as $30 Billion Sale of Jet Lessor Fails to Impress
Bloomberg 3/10/2021 Ryan Beene and Julie Johnsson
(Bloomberg) General Electric Co. sank as investors reacted coolly to a much-anticipated $30 billion deal to sell its jet-leasing business to rival AerCap Holdings NV.
The deal creates an aircraft-finance giant to be partly owned by GE and streamlines the manufacturer’s business model, but the announcement wasn’t accompanied by an upward revision in the company’s financial outlook that some on Wall Street had hoped to see.
“Expectations were that this would be a catalyst in terms of upside guidance,” said Nick Heymann, an analyst at William Blair, noting that GE under Culp has tended to raise guidance only after posting better-than-expected results.
General Electric, AerCap join air leasing businesses in $30b deal gulftoday.ae - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulftoday.ae Daily Mail and Mail on Sunday newspapers.
General Electric is combining its aircraft leasing business with Ireland’s AerCap Holdings in a deal valued at more than $30 billion, a big step in what.
AerCap to buy GE s aircraft-leasing unit in $30 billion deal - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
GE Capital Aviation Services benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.