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GE takes another step back from lending

GE takes another step back from lending

(9 March 2021 – Global) GE is nearing a deal to sell its aircraft-leasing business, the latest move in its attempt to restructure its once sprawling operations.

Though details couldn’t be confirmed, it is being reported that the unit, GE Capital Aviation Services (Gecas) is combining with Ireland’s AerCap Holdings NV in a $30 billion-plus deal.

Gecas is the biggest remaining piece of GE Capital, the once extensive lending operation that rivalled the biggest banks.

In 2015 GE announced it would exit the bulk of GE capital, a deal for Gecas would represent another big step in that direction.

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