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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. ....
$30bn aircraft leasing deal brings a bumpy ride for Airbus and Boeing Merger to create new giant that owns 2,000 aircraft comes as aviation sector is being hammered by coroanvirus downturn 10 March 2021 • 3:00pm General Electric is selling its aircraft leasing business to an Irish rival in a deal that will form a $30bn (£21bn) aviation powerhouse and create problems for Airbus and Boeing. GE Capital Aviation Services and AerCap are already the two biggest players in the sector. The combined business will own more than 2,000 aircraft - about 7pc of the global fleet - and some 300 helicopters. GE will take a 46pc stake in the company and two board seats. ....
CEOs like Google's Sundar Pichai and Microsoft's Satya Nadella are among the most overpaid CEOs, according to a new report yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
General Electric upbeat on 2021 after profitable 2020 yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.