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

Sun, 07th Mar 2021 23:31

(Adds GE comment, details from WSJ report)

March 7 (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)

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