GE Capital announced today that it has agreed to finance eight five year operating leases across four Transport for London bus operators. GE Capital will finance 105 buses with a total deal value of £18 million.
GE Capital is one of the leading commercial finance providers in the UK and the new deals represent its resurgence in the bus operating lease market since the beginning of 2012. The four new customers include Abellio Ltd, which operates the landmark C2 route between Parliament Hill and Victoria via Hyde Park Corner, HCT's CT Plus and Epsom Coaches Group Quality Line.
Steven Laws, UK Director of Corporate Structured Finance at GE Capital commented: "In the past year we've talked to many bus operators and seen rising demand for leasing solutions, which are a core part of our business. We expect to build our market share in the coming year as operating leases come up for renewal."
Tony Wilson, Managing Director of Abellio London & Surrey, commented: "We were impressed with GE Capital's proactivity in offering us a financing solution that fitted our short and long-term needs. This is important to us as we look to expand our business while keeping tight control over our operating costs."
Zoe Chambers Tom Steiner
[email protected]
GE Capital EMEA
[email protected]
+44-(0)-208-185-2494
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