SHANNON, Ireland, March1, 2011 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing unit of GE, announced a purchase and leaseback transaction for two new Airbus A320-200s with NIKI Luftfahrt GmbH (flyNiki). The aircraft come from flyNiki's existing order book with Airbus and were delivered in early February.
Dan Whitney
GE Capital Aviation Services
[email protected]
203-585-2268
203-300-8707
Announcement in advance of OPEESA Annual Meeting extends repayment terms by 60 days
HOFFMAN ESTATES, IL -- GE Capital's Commercial Distribution Finance (CDF) business today announced a new financing program for outdoor power equipment dealers in advance of the Outdoor Power Equipment and Engine Service Association (OPEESA) Annual Meeting in Palm Beach, FL Feb. 27-March 2. The new offering, called "Extra 60," will add 60 days to standard supplier financing terms. The programs are designed to help spur industry growth as the economy continues to recover.
NORWALK, Conn.--25 February 2011-- GE Capital today announced it is administrative agent for a $150 million asset-based credit facility for Tourneau, the world's largest retailer of fine watches. The financing will be used for working capital purposes. GE Capital Markets served as sole lead arranger of the facility.
SHANNON, Ireland, February 25, 2011 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing unit of GE, announced the delivery of a new Airbus A320 to Air Berlin as part of a purchase and leaseback transaction.
Air Berlin, the third-largest low-cost airline in Europe, operates a fleet of 170 aircraft to more than 168 destinations in 40 countries.
Manufacturers and dealers focus on inventory mix and smart growth
Hoffman Estates, IL -- After navigating through rough waters for several years, the marine industry is beginning to push forward on the throttle, according to survey results released today by GE Capital, Commercial Distribution Finance (CDF) from the Miami International Boat Show. More than one-third of respondents (38%) expect sales to increase up to five percent in 2011, and 54% said that the best time for dealers to increase inventory levels is now.
CDF increases its floor plan financing and working capital credit facilities for technology solutions provider Nexus IS
Hoffman Estates, IL, Feb. 18, 2011 ― GE Capital's Commercial Distribution Finance (CDF) business today announced an increase to $80 million in the floor plan financing and working capital credit facilities for technology solutions provider Nexus IS.
NORWALK, Conn.--18 February 2011-- GE Capital, Restructuring Finance today announced it provided a $505 million debtor-in-possession (DIP) credit facility to Borders Group, Inc., a specialty book retailer. The financing will be used by Borders for working capital as the company reorganizes under Chapter 11. GE Capital, Restructuring Finance is serving as the administrative agent and GE Capital Markets is serving as the sole lead arranger.
NORWALK, CT-- February 18, 2011 --- GE Capital, Restructuring Finance today announced it provided a $505 million debtor-in-possession (DIP) credit facility to Borders Group, Inc., a specialty book retailer. The financing will be used by Borders for working capital as the company reorganizes under Chapter 11. GE Capital, Restructuring Finance is serving as the administrative agent and GE Capital Markets is serving as the sole lead arranger.
Eden Prairie, Minn.- February 17, 2011- GE Capital Fleet Services today announced that it will provide its telematics-based Mobile Resource IntelligenceSM program to Ewing Irrigation Products, a leading provider of water management, irrigation and landscaping solutions.
Ewing is deploying GE's Monitor solution, which is an integrated online mapping and reporting solution for fleet and operations leaders.
