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AerCap to Acquire GE Capital Aviation Services
March 10, 2021 6:30 AM ESTDUBLIN, March 10, 2021 /PRNewswire/ -- AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER), the global leader in aircraft leasing, announced today that it has entered into a definitive agreement with General Electric (NYSE: GE) under which AerCap will acquire 100% of GE Capital Aviation Services ("GECAS"), a GE business. Â
The combined company will be an industry leader across all areas of aviation leasing, with over 2,000 owned and managed aircraft, over 900 owned and managed engines, over 300 owned helicopters and approximately 300 customers around the... More
GE Announces Combination of GECAS and AerCap
March 10, 2021 6:30 AM ESTDeal marks GEs transformation to a more focused, simpler, and stronger industrial company
GE to focus on its industrial core of Power, Renewable Energy, Aviation, and Healthcare Combination will create an industry-leading aviation lessor with a broader offering and better ability to serve customers through industry cycles Creates value for GE shareholders with consideration valued at more than $30 billion, including ~$24 billion in cash, a ~46% ownership stake in combined company, and $1 billion paid in AerCap notes and/or cash upon closing GE plans to reduce debt by ~$30 billion... MoreGE Announces Detailed 2021 Outlook
March 10, 2021 6:30 AM ESTPositive trajectory in 2021 as momentum builds across businesses
BOSTON--(BUSINESS WIRE)-- GE (NYSE: GE) today announced its detailed 2021 outlook.
GE Chairman and CEO H. Lawrence Culp, Jr. said, Our team has built a strong foundation to drive improvements throughout GE. Scaling lean and shifting decision-making closer to our customers are helping us execute better and transform our cultureso that these improvements are both continuous and lasting.
Culp continued, We are on a positive trajectory in 2021 as momentum builds across our businesses and we transform to a more... More
