5 Min Read
PARIS (Reuters) - A tie-up between leasing giants AerCap and General Electric unit GECAS would reshape global air finance and reunite entities torn apart in one of Ireland’s most spectacular corporate collapses three decades ago.
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
Dublin-based AerCap has confirmed talks with GECAS to combine the leasing industry’s two largest aircraft portfolios in Ireland’s biggest ever corporate acquisition.
Aircraft leasing is poised for its biggest shake-up in almost a decade as its top two players, AerCap Holdings and General Electric Co's GECAS, discuss a deal to forge an industry titan with more than 2,000 jets, people familiar with the matter said on Monday.
Aircraft leasing is poised for its biggest shake-up in almost a decade as its top two players, AerCap Holdings and General Electric Co's GECAS, discuss a deal to forge an industry titan with more than 2,000 jets, people familiar with the matter said on Monday.
3 Min Read
BOSTON, March 5 (Reuters) - A go-to lender for U.S. electric cooperatives has $4 billion in exposure to the Texas market, where last month’s deep freeze slammed the finances of several co-ops hit with astronomically high gas and electric prices during the state’s grid blackout.
The latest quarterly financial disclosure from the National Rural Utilities Cooperative Finance Corporation (CFC) shows the Texas market accounts for 15% of the lender’s $27.1 billion in outstanding loans. Dulles, Virginia-based CFC has not had any loan defaults in its electric utility loan portfolio since fiscal 2013.
Numerous Texas electric co-ops are facing potential bankruptcy due to the massive bills incurred when power prices spiked during the Texas freeze that killed several dozen people and left millions without power for days.