GE Capital Aviation Services attracts interest from GIC – report

Provided exclusively by Mergermarket, an Acruis company

GIC, the Singaporean sovereign wealth fund, is interested in acquiring General Electric‘s [NYSE:GE] aircraft leasing subsidiary, GE Capital Aviation Services (GECAS), according to a newswire report.

The Bloomberg report cited sources with knowledge of the situation who said that officials from both companies had a meeting to discuss whether GE would consider the sale of a part or all of GECAS. After the meeting, GE talked about the prospect of the deal with external advisers and internally.

John Flannery, the chief executive of GE, has pushed back against calls to sell GECAS. However, he acknowledges that the unit garners high interest.

Link to original source

 

As seen in the mergermarket, an Acuris company, newsletter on 12/09/2018

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s