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News Stories (14 Results) - GECAS

Apollo Global Management, LLC, Athene Holding Ltd.; and GE Capital, the financial services arm of GE (NYSE: GE), today announced that they have entered into a definitive agreement for Apollo and Athene to purchase PK AirFinance, an aviation lending... Read Story
August 30, 2019, 07:30 AM


Amazon, at the International Paris Air Show, announced a partnership with GE Capital Aviation Services (GECAS) to lease an additional 15 Boeing 737-800 cargo aircraft. These aircraft will be in addition to the five Boeing 737-800’s already leased... Read Story
June 19, 2019, 07:25 AM


Milestone Aviation Group, a GECAS company and the global leader in helicopter leasing, has announced two leadership appointments to its organization.Sebastien Moulin, Head of Europe & Americas and Michael York, Head of Emerging Markets, will jointly... Read Story
June 04, 2019, 07:17 AM


Alternative investment managers (Alt-IMs) have become increasingly active investors in the aircraft leasing industry as they seek to deploy capital into a growing sector that could provide attractive investment returns. However, Fitch Ratings notes... Read Story
February 04, 2019, 07:15 AM


Apollo Global Management LLC is talking to bankers about lining up debt to buy all or part of General Electric Co.’s jet-leasing business, which could be worth as much as $40 billion, according to people familiar with the matter, Bloomberg... Read Story
January 07, 2019, 07:28 AM


White Oak Global Advisors, LLC announced it completed a $550 million transaction with GE Capital Aviation Services (“GECAS”) to buy and immediately lease back 20 wide body aircraft engines.To facilitate this transaction, and to strengthen and grow... Read Story
January 19, 2018, 07:19 AM


Declan Kelly has been named Chief Commercial Officer for GECAS. In this newly created role, Kelly will lead all originations activities for GECAS’ fixed wing aircraft and is responsible for the commercial strategy, building synergy and share... Read Story
January 15, 2018, 07:05 AM


Reuters reported that General Electric is considering options for its aircraft leasing operations, including the sale of all or part of the businesss, according to people familiar with the matter. According to the Reuters report, sources stated GE’s... Read Story
November 07, 2017, 07:10 AM


Milestone Aviation Group Limited ("Milestone"), a GE Capital Aviation Services ("GECAS") company and the global leader in helicopter leasing, announced today a commitment letter with Bristow Group Inc. ("Bristow"), a leading provider of global... Read Story
February 03, 2017, 07:17 AM


Wintrust Financial Corporation announced that the franchise finance group (“Wintrust Franchise Finance”) of its subsidiary Lake Forest Bank and Trust Company has signed a definitive agreement  to acquire approximately $581 million in performing loans... Read Story
July 01, 2016, 07:12 AM


GE Capital Aviation Services announced the appointment of Alec Burger, as its president and CEO effective January 1, 2016. Burger will take over the executive management of the business from Norman C.T. Liu, 58, who will stay on as chairman of GECAS... Read Story
October 28, 2015, 06:42 AM


GE Capital Aviation Services (GECAS) announced a firm order for 60 Airbus A320neo family aircraft. All of the aircraft will be powered by CFM’s LEAP-1A engine.The agreement was jointly announced today at the Paris Air Show by GECAS President and CEO... Read Story
June 15, 2015, 07:12 AM


GE announced today second-quarter 2012 Operating Earnings of $4.0 billion, up 7% from the second-quarter of 2011. GAAP earnings from continuing operations (attributable to GE) were $3.7 billion, up 2%. Revenues were $36.5 billion for the quarter, up... Read Story
July 20, 2012, 07:44 AM


According to Fitch Ratings, long-term credit fundamentals in the aircraft leasing industry are being supported by a number of factors, including growth in global air travel demand, capital constraints among the world's airlines, and the aircraft... Read Story
July 13, 2012, 06:48 AM