Mar 10, 2021 SOURCE: AFP
GE sells jet-leasing unit to AerCap for $30 bn
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...
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