Business Standard

Monday, December 23, 2024 | 05:02 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

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

General Electric 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

GE goes local; invests $200 million in a tiny impoverished village in Bihar

GE logo

Reuters

(Reuters) - General Electric 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 Co and Airbus SE . 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.

 

(Reporting by Bhargav Acharya in Bengaluru; editing by Diane Craft)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 08 2021 | 8:11 AM IST

Explore News