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GE, AerCap join air leasing businesses in $30 billion deal

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General Electric is combing its aircraft leasing business with Ireland’s AerCap Holdings in a deal valued at more than $30 billion, a big step in what has become a six year endeavor to reshape the one-time global conglomerate.

The agreement to push GE Capital Aviation Services, or GCAS, into a separate business puts GE closer to its goal of shedding most of its enormous financial wing that nearly sank it during the 2008 financial crisis.

AerCap will pay about $24 billion in cash for GCAS, and GE will take an approximately 46% ownership stake in combined company, and $1 billion paid in AerCap notes or cash at closing.

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United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
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Deaths: 237 619
Recovered: 0
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