AerCap Confirms GE Talks to Create Giant of Aircraft Finance
Bloomberg 3/9/2021 Ryan Beene
(Bloomberg) AerCap Holdings NV confirmed it’s in talks with General Electric Co. about a combination that would create a giant of aircraft finance.
“The outcome of those discussions has yet to be determined and there can be no guarantee that an agreement will be reached,” AerCap said in a regulatory filing. The company said it wouldn’t comment further until discussions are concluded. GE declined to comment.
AerCap’s statement confirmed reports that the two companies, already the world’s two biggest lessors, are pursuing a pact to get even larger. While details of a potential deal remain unknown, an agreement would reshape a leasing market already roiled by the Covid-19 pandemic. For GE, a transaction could also curb the risks of a financial unit that nearly sank the company during the 2008 crisis and has remained a trouble spot in recent years.
AerCap Confirms GE Talks to Create Giant of Aircraft Finance
Bloomberg 3/9/2021 Ryan Beene
(Bloomberg) AerCap Holdings NV confirmed it’s in talks with General Electric Co. about a combination that would create a giant of aircraft finance.
“The outcome of those discussions has yet to be determined and there can be no guarantee that an agreement will be reached,” AerCap said in a regulatory filing. The company said it wouldn’t comment further until discussions are concluded. GE declined to comment.
AerCap’s statement confirmed reports that the two companies, already the world’s two biggest lessors, are pursuing a pact to get even larger. While details of a potential deal remain unknown, an agreement would reshape a leasing market already roiled by the Covid-19 pandemic. For GE, a transaction could also curb the risks of a financial unit that nearly sank the company during the 2008 crisis and has remained a trouble spot in recent years.
AerCap Confirms GE Talks to Create Giant of Aircraft Finance msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Read more about General Electric expects negative cash flow in Q1 2021 - CEO Larry Culp on Business Standard. Culp said the first three months of the year tends to be the industrial conglomerate s "softest" quarter
By Reuters Staff
2 Min Read
FILE PHOTO: The General Electric logo is seen in a Sears store in Schaumburg, Illinois, September 8, 2014. REUTERS/Jim Young
CHICAGO (Reuters) - General Electric Co expects a cash outflow in the first quarter of 2021 despite a year-on-year increase in cash generation, Chief Executive Officer Larry Culp said at a Barclays Industrial Conference on Tuesday.
Culp said the first three months of the year tends to be the industrial conglomerate’s “softest” quarter.
Analysts surveyed by Refinitiv, on average, expect the Boston-based company to report a cash outflow of $671.7 million in the quarter through March.
GE’s shares were last trading up 1.2% at $11.87 in afternoon trade.