General Electric’s is combing its aircraft leasing business with Ireland’s AerCap Holdings in a deal valued at more than $30 billion, a big step in what has become a six year endeavour to reshape the one-time global conglomerate. The agreement to push GE Capital Aviation Services, or GCAS, into a separate business puts GE closer […]
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(Reuters) - The world’s two largest aircraft leasing companies are combining to create a new financing giant after Ireland’s AerCap finalised a deal worth more than $30 billion to buy the leasing business of General Electric.
The two companies, which tied the knot on Wednesday after days of speculation surrounding a takeover of GE’s leasing arm GECAS, together control more than 2,000 jets, dwarfing rivals.
The tie-up creates easily the largest buyer of jetliners built by planemakers Airbus AIR.PA and Boeing BA.N and will reshape a global air finance industry that has attracted a flood of capital in recent years as investors look for higher returns.
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Dallas, Texas (Newsfile Corp. - March 10, 2021) - Astro Aerospace (OTCQB: ASDN) ( Company or Astro ), a global leader in electric vertical take-off and landing (eVTOL) aerial vehicles and drones, announced today that it has appointed Patricia Trompeter, M&A and financial expert, to its Board of Directors. Ms. Trompeter will serve on the Audit Committees. This board appointment brings Astro s total board membership to 2 Board Members.
Ms. Trompeter brings more than 16 years of experience in mergers and acquisitions and over 15 years in financial management to Astro s Board. Ms. Trompeter held a variety of executive positions at GE Capital including CFO, Controller, Operations Leader, Quality Leader, and Mergers & Acquisitions. She was integral in GE Capital s successful acquisition of Guinness Peat Aviation, which contributes to the more than $17 Billion of acquisitions she has completed. Ms. Trompeter s experience at GE gave her a breadth of knowledge in the Aviation Indus