Connect with us

Hi, what are you looking for?

Stock

GE nears deal to combine aircraft-leasing unit with AerCap: WSJ

Stock Markets1 hour ago (Mar 07, 2021 06:35PM ET)

(C) Reuters. FILE PHOTO: A General Electric aircraft used for testing jet engines is shown at Victorville Airport in Victorville, California

(Reuters) – General Electric (NYSE:GE) Co is nearing a $30 billion-plus deal to combine its aircraft-leasing business with Ireland’s AerCap Holdings NV, the Wall Street Journal reported on Sunday citing people familiar with the matter.

Details of how the deal would be structured was not immediately known, but an announcement is expected Monday, assuming the talks don’t fall apart, the WSJ said.

The unit, known as GE Capital Aviation Services, or GECAS, is one of the world’s biggest jet-leasing companies and leases passenger aircraft made by companies including Boeing (NYSE:BA) Co and Airbus SE (OTC:EADSY) . It owns, services or has on order about 1,650 aircraft, according to its website.

GE said the company doesn’t comment on rumor or speculation, while AerCap did not immediately respond to Reuters’ request for comment.

GE nears deal to combine aircraft-leasing unit with AerCap: WSJ

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt.

Uncategorized

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione.

Uncategorized

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum.

Uncategorized

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

Disclaimer: Wisegazette.com it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial or health advice. Copyright © 2021 Wise Gazette. All Rights Reserved