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10 Years of Textron Aviation - Australian Flying australianflying.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from australianflying.com.au Daily Mail and Mail on Sunday newspapers.
Global Jet Capital said Monday it would buy General Electric Co’s $2.5 billion corporate jet unit, growing a year-old business with a novel turn. It expects more companies and wealthy people to lease as opposed to buy plush planes estimated as $75 million. Financial services firm Boca Raton Fla., is claimed by a portfolio of Blackstone Group LP with three other private equity firms to fund jets for international traders. It was dispatched to fund jets for international buyers, yet in the wake of financing only a modest bunch of planes, Global Jet Capital is set to acquire GE’s portfolio… ....