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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 AerCap's board, the announcement said. The combined company will have more than 2,000 owned and managed aircraft, more than 300 helicopters and more than 300 customers around the...

AerCap to buy GE's aircraft leasing unit in US$30 billion deal Toggle share menu Advertisement AerCap to buy GE's 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 related media assets (image or videos) available. Click to see the gallery. 10 Mar 2021 07:...

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