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AIR - Airbus SE News Story

€99.64 -3.1  -3.0%

Last Trade - 12:25pm

Sector
Industrials
Size
Large Cap
Market Cap £69.26bn
Enterprise Value £72.87bn
Revenue £42.95bn
Position in Universe 13th / 847

UPDATE 1-GE nears deal to combine aircraft-leasing unit with AerCap - WSJ

Sun 7th March, 2021 11:31pm
(Adds GE comment, details from WSJ report)
    March 7 (Reuters) - General Electric Co  GE.N  is nearing a
$30 billion-plus deal to combine its aircraft-leasing business
with Ireland's AerCap Holdings NV  AER.N , 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  BA.N 
and Airbus SE  AIR.PA . 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)
 ((Bhargav.Acharya@thomsonreuters.com;))
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