- Revenues growing two times faster than GDP
- Top performers make innovation a strategic priority
TORONTO (ON), OCT. 16, 2014 - Two-thirds of mid-sized Canadian businesses surveyed by GE Capital have seen improved company performance, revenue and job growth. These companies expect this upward trend to continue over the next 12 months, predicting mean revenue growth of 7.2 percent - about twice the nominal Canadian GDP growth rate projected by the Bank of Canada.
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BAKERSFIELD, CA - October 15, 2014 - GE unit (NYSE: GE) GE Energy Financial Services has arranged a senior secured revolving credit facility for All American Oil & Gas, Inc. to refinance debt and fund reserve development in the Bakersfield, California, Kern River Oil Field. The $200 million facility -- with a $131 million initial borrowing base -- was provided to oil and gas exploration and production company Kern River Holdings, Inc., a wholly-owned subsidiary of All American Oil & Gas, Inc.
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- GE Capital’s Aviation Financing Unit Expands Into Helicopter Leasing
- Industry-Leading Milestone Team, Led by Richard T. Santulli, Joins GE
DUBLIN, Ireland - October 13, 2014 - GE Capital Aviation Services (GECAS), the aircraft leasing unit of GE (NYSE: GE), today announced the signing of an agreement to acquire Milestone Aviation Group, the Dublin-based helicopter lessor, for $1.775 billion.
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Connecting More People, More Data and More Machines
New York, October 9, 2014 - GE (NYSE: GE) announced today an expanded working relationship with Intel and Cisco to seamlessly connect the growing number of machines, systems and edge devices to the Industrial Internet regardless of manufacturer. These co-innovations will allow operators to integrate Predix, GE’s software platform for the Industrial Internet, into existing infrastructure.
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SCOTTSDALE, AZ, OCT. 8, 2014 - GE Capital’s Franchise Finance (GEFF) business announced today that it has provided an $18.5 million term loan to Noble Investment Group, LLC, to acquire the SpringHill Suites Miami Airport South location. Positioned in the heart of the Blue Lagoon office park, the 150-room SpringHill Suites overlooks a lake and caters to multi-national companies doing business in Miami.
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SHANNON, Ireland, October 7, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced the delivery of an Embraer 190 to BoraJet Arlines to help the carrier’s fleet expansion. This is GECAS’ first transaction with BoraJet.
BoraJet, based in Istanbul, operates a fleet of six Embraer 190s to destinations throughout Turkey.