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Understanding the Dynamics of Commercial Aircraft Leasing Market – The Orland Park Prairie

Understanding the Dynamics of Commercial Aircraft Leasing Market – The Orland Park Prairie
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GE sells jet-leasing unit to AerCap for USD30B » Borneo Bulletin Online

March 12, 2021
NEW YORK (AFP) – General Electric (GE) announced a deal on Wednesday to sell its aircraft leasing business to AerCap for USD30 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-per-cent 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 world, AerCap said.
The airline industry remains in a deep downturn due to the coronavirus pandemic, although progress on vaccination campaigns is expected to lead to a gradual rebound. ....

United States , Lawrence Culp , Aengus Kelly , York Stock Exchange , Ge Capital , Ge Capital Aviation Service , New York Stock Exchange , General Electric , New York Stock , Aviation Service , Chief Executive Lawrence Culp , ஒன்றுபட்டது மாநிலங்களில் , லாரன்ஸ் குற்றவாளி , யார்க் ஸ்டாக் பரிமாற்றம் , கே மூலதனம் , கே மூலதனம் விமான போக்குவரத்து சேவை , புதியது யார்க் ஸ்டாக் பரிமாற்றம் , ஜநரல் மின்சார , புதியது யார்க் ஸ்டாக் , விமான போக்குவரத்து சேவை , தலைமை நிர்வாகி லாரன்ஸ் குற்றவாளி ,

GE Sells Jet-leasing Unit To AerCap For $30 Bn

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 world, AerCap said.
The airline industry remains in a deep downturn due to the coronavirus pandemic, although progress on vaccination campaigns is expected to lead to a gradual rebound. ....

Lawrence Culp , Aengus Kelly , Colin Scarola , Ge Capital , General Electric , Ge Capital Aviation Service , Aviation Service , Chief Executive Lawrence Culp , லாரன்ஸ் குற்றவாளி , கொலின் ஸ்காரோலா , கே மூலதனம் , ஜநரல் மின்சார , கே மூலதனம் விமான போக்குவரத்து சேவை , விமான போக்குவரத்து சேவை , தலைமை நிர்வாகி லாரன்ஸ் குற்றவாளி ,