General Electric nears deal to combine aircraft-leasing unit with AerCap for $30 billion
GE to divest aircraft leasing unit to Irish company AerCap for $30 billion. PUBLISHED BY
General Electric has decided to sell its aircraft leasing business to
AerCap of Ireland for over $30 billion, in a bid to restructure the business, according to people familiar with the matter.
If it goes through, the deal will merge
GE Capital Aviation Services (Gecas) with leasing company AerCap. GE is undergoing many changes, including a leadership shakeup, an investigation by the
Securities and Exchange Commission, and some revenue losses in the last three years.
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GE Nears Deal to Combine Aircraft-Leasing Unit With AerCap
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