Unical Aviation Inc., a provider of aircraft parts and components – including component leasing – to the global commercial aerospace market, announced it has appointed Sharon Green as Chief Executive Officer, effective Dec. 1.Green will replace...
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November 24, 2021, 07:09 AM
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AerCap Holdings N.V. announced it has completed its acquisition of the GE Capital Aviation Services business (GECAS) from General Electric.The acquisition positions AerCap as the worldwide industry leader across all areas of aviation leasing:...
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November 01, 2021, 07:21 AM
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Nordic Aviation Capital, a regional aircraft lessor, announced that it has appointed Norman C.T. Liu as its new President. Liu is a highly accomplished global aviation executive, having been President of GE Capital Aviation Services (GECAS) between...
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September 24, 2021, 07:11 AM
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Aircraft leasing company AerCap is set to secure unconditional EU antitrust approval for its $30 billion bid for General Electric's aircraft leasing business, three people familiar with the matter said, Reuters reported. The deal between the world's...
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July 23, 2021, 07:11 AM
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AerCap Holdings N.V. announced its shareholders have approved the previously announced acquisition of GE Capital Aviation Services (GECAS), a General Electric business, at its Annual General Meeting of Shareholders.The transaction remains subject to...
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May 12, 2021, 07:17 AM
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GE announced an agreement to combine its GE Capital Aviation Services business (GECAS) with AerCap Holdings N.V. in a deal worth more than $30 billion. The combined company will be one of aviation leasing’s leading franchises, bringing together...
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March 10, 2021, 07:24 AM
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General Electric Co. is nearing an agreement to combine its jet-leasing business with Ireland’s AerCap Holdings NV, said people familiar with the matter, in a potential deal that would join the world’s two biggest aircraft financiers in a market...
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March 08, 2021, 07:27 AM
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PIMCO, a fixed income investment manager, and GE Capital Aviation Services (GECAS), a lessor and business unit of GE, announced they have reached a preliminary agreement to develop an aviation leasing platform to support up to $3 billion in aircraft...
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October 20, 2020, 07:25 AM
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GECAS has appointed Alan Buckley to its senior executive team as Senior Vice President (SVP) and Regional Manager for Commercial, Europe & Canada. GECAS, a subsidiary of GE Capital, is the global leader in aviation finance and leasing.Buckley has...
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July 23, 2020, 07:18 AM
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Jonty Nel has been appointed as GECAS’ Executive Vice President Commercial – International. He will take up the role in April.In this role, Nel will be responsible for building and executing GECAS’ commercial strategies across a number of regions...
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February 27, 2020, 07:18 AM
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Apollo Global Management, Inc.; Athene Holding Ltd.; and GE Capital, the financial services arm of GE, announced they have closed their previously announced transaction for Apollo and Athene to purchase PK AirFinance, an aviation lending business...
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December 13, 2019, 07:28 AM
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Greg Conlon has been promoted to President and CEO of GE Capital Aviation Services (GECAS). Alec Burger will continue as President & CEO of GE Capital and will also serve as the Chairman of GECAS.
Prior to his appointment to lead GECAS, Conlon...
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November 07, 2019, 07:30 AM
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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...
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August 30, 2019, 07:30 AM
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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...
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June 19, 2019, 07:25 AM
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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...
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June 04, 2019, 07:17 AM
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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...
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February 04, 2019, 07:15 AM
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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...
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January 07, 2019, 07:28 AM
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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...
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January 19, 2018, 07:19 AM
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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...
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January 15, 2018, 07:05 AM
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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...
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November 07, 2017, 07:10 AM
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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...
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February 03, 2017, 07:17 AM
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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...
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July 01, 2016, 07:12 AM
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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...
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October 28, 2015, 06:42 AM
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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...
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June 15, 2015, 07:12 AM
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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...
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July 20, 2012, 07:44 AM
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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...
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July 13, 2012, 06:48 AM
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