Page 22 - Aercap News Today

The conglomerate agrees to merge Gecas with AerCap in deal worth more than $30 billion

Technology stocks were pushing the broader market solidly higher on Thursday, as...

GE Sells Jet-leasing Unit To AerCap For $30 Bn 03/10/21 AT 5:08 PM General Electric announced a deal Wednesday to sell its aircraft leasing business to AerCap for $30 billion, establishing a new industry giant amid the pandemic-induced downturn in air travel. Under the transaction, the GE unit will be integrated into the Irish company. GE will have a 46-percent stake in the new entity and will nominate two members to AerCaps board, the announcement said. The combined company will have more than...

AerCap to buy GEs aircraft leasing unit in US$30 billion deal Toggle share menu Advertisement AerCap to buy GEs aircraft leasing unit in US$30 billion deal FILE PHOTO: Aengus Kelly, CEO of AerCap, speaks during a panel discussion at the 2015 International Air Transport Association (IATA) Annual General Meeting (AGM) and World Air Transport Summit in Miami Beach, Florida, June 8, 2015. REUTERS/Joe Skipper/File Photo 3 ...

The transaction, which simplifies GE and focuses it on its industrial core — power, renewable energy, aviation, and health care – is the latest in a series of divestitures Chief Executive Officer Larry Culp has undertaken

GE aircraft leasing wing joins forces with AerCap in $30 billion deal as the marathon reshaping of GE's business goes on.

BOSTON (AP) — GE aircraft leasing wing joins forces with AerCap in $30 billion deal as...

Major U.S. indexes were moving higher Wednesday as stability in the bond trading...

A tie-up between leasing giants AerCap and General Electric unit GECAS would reshape global air finance and carve out a new chapter in one of Ireland's greatest corporate adventures. AerCap shares soared on Monday after news the company is close to acquiring GECAS to unite the leasing industry's two largest aircraft portfolios. "It creates a leasing colossus with 2,000 aircraft under one brand," said independent industry adviser Bertrand Grabowski.

The U.S. business, known as GE Capital Aviation Services or GECAS, is one of the world’s biggest jet-leasing companies