Frankfurt, 14th September, 2011: GE and PSA Peugeot Citroen have signed an agreement that will potentially become one of the largest Electric Vehicle (EV) deals between a single corporate and a single Original Equipment Manufacturer (OEM) in Europe. The agreement, which was signed as a memorandum of understanding on September 14th in Frankfurt, involves the potential purchase of up to 1,000 EVs from PSA Peugeot Citroen, by GE Capital, which the company would offer to its customers at a pan-European level.
HOFFMAN ESTATES, IL -- GE Capital's Commercial Distribution Finance (CDF) business today announced that it will provide $40 million in inventory financing and working capital to Redapt, Inc., a data center infrastructure solutions provider and hardware reseller based in Redmond, WA.
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TOKYO, March 12, 2012 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, today announced delivery of a new Boeing 737-800 aircraft to Japanese low-cost airline Solaseed Air to help them with their fleet upgrade. The aircraft comes from GECAS' existing order book with Boeing.
Solaseed Air, the new brand name of Skynet Asia, is transitioning out of its Boeing 737-400 fleet to an all-new Boeing 737-800 fleet. It currently operates 13 aircraft to five destinations in Japan.
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LOS ANGELES, March 8, 2012 -- Oblong Industries, the company that created the computing environments depicted in the film Minority Report, has announced that it is partnering with two new funders for its Series B capital raise: Morgan Stanley Alternative Investment Partners, and Energy Technology Ventures --- a GE-NRG Energy-ConocoPhillips venture. The Foundry Group, already an Oblong investor, led the new funding round.
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Builds on 22 Years of Successful Financing Options for Florida's Leading Furniture Retailer
GE Capital Retail Bank has announced a multi-year agreement to continue providing financing for customers of Florida's top-selling furniture retailer, City Furniture. GE Capital's Retail Finance business, the operating entity that provides financial solutions to retailers and dealers to help grow their customer sales, will continue to manage the City Furniture relationship and service the account.
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NORWALK, Conn.--05 March 2012-- GE Capital, Corporate Finance today announced it is co-collateral agent on a $100 million asset-based revolving credit facility for Federal Signal Corporation (NYSE: FSS), a leading designer and manufacturer of safety and security products and systems. The financing will be used to refinance debt and provide working capital.
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MUMBAI, March 5, 2012 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, today announced delivery of a new, CFM-powered Airbus A320 to GoAir following a purchase and leaseback transaction with the airline.
The aircraft, which was inducted into the GoAir fleet a number of weeks ago, comes from the airline's existing order book with Airbus. GoAir currently operates over 150 flights per day with a fleet of 12 aircraft serving 21 destinations across India.