Top jet leasing companies AerCap and GE could forge industry titan
Plans to create 'mother of all leasing companies' under Larry Culp come as Covid-19 is expected to shift fundamentals of the industry
08 March 2021 - 18:18
Aircraft leasing is on the brink of its biggest shake-up in almost a decade as its top two players AerCap and General Electric's (GE's) Gecas discuss a deal to forge an industry titan with more than 2,000 jets, financial sources said on Monday.
Negotiations for a tie-up follow years of speculation over the sale of Gecas and come as Covid-19 is expected to shift more of the world's passenger aircraft fleet into the arms of the leasing industry, which already takes about half of Airbus and Boeing deliveries...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.