Team leaving Aviation house location after 25 years
SHANNON, IRELAND, JUNE 12, 2009 --- After nearly 25 years at their former Aviation House location, the 140 employees of GE Capital Aviation Services (GECAS) today officially celebrated the opening of their new facility at Westpark Office Complex.
Henry A Hubschman to become Chairman of GECAS
Stamford, CT., June 12, 2009 -- GE Capital Aviation Services (GECAS), a division of GE (NYSE: GE), today announced the promotion of Norman C.T. Liu, 51, to president and chief executive officer. Liu will take over the executive management of the business from Henry A. Hubschman, 61, who will take on the new role of chairman of GECAS. Liu and Hubschman will begin in their new roles on July 1, 2009.
STAMFORD, CT, USA June 10, 2009. -- GE Capital Aviation Services (GECAS) today announced the delivery of a new Airbus A320 to TAM Linhas Aéreas, on May 26, to help the carrier's fleet expansion.
The aircraft comes from TAM's existing order book with Airbus, was financed through a sale lease-back transaction with GECAS, and is one of 19 aircraft that GECAS currently leases to the airline. TAM Linhas Aéreas, based in São Paulo (Brazil), currently operates a fleet of 132 aircraft.
STAMFORD, CT, USA June 4, 2009. -- GE Capital Aviation Services (GECAS) today announced the delivery of a new Airbus A320-200 to Iberworld Airlines to help the carrier's fleet development.
The aircraft comes from GECAS' existing order book with Airbus and is one of five aircraft GECAS currently leases to the airline. Iberworld Airlines, based in Palma, currently operates a fleet of 11 aircraft.
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NORWALK, Conn.--02 June 2009-- GE Capital, Restructuring Finance today announced it provided a $75 million debtor-in-possession (DIP) credit facility to Caraustar Industries, Inc., one of North America's largest integrated manufacturers of 100% recycled paperboard and converted paperboard products. The loan will be used for working capital needs as the company restructures under Chapter 11.
NORWALK, Conn.--02 June 2009-- GE Capital, Corporate Retail Finance today announced it co-led a $4 billion asset-based credit facility for Sears Holdings Corp., a leading retailer operating more than 3,800 stores throughout the U.S. and Canada. The loan will be used for working capital needs. GE Capital Markets served as joint lead arranger.
Vancouver, BC---June 1, 2009--- GE Energy Financial Services announced today it has signed an agreement with EarthFirst Canada Inc. (TSX: EF, EF.WT) to consider purchasing the up to 300-megawatt Dokie Ridge Wind Project, the largest wind farm project under construction in British Columbia.
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MONTREAL--01 June 2009-- GE Capital today announced it provided a C$130 million asset-based credit facility to The Brick Group Income Fund, one of Canada's largest retailers of furniture, appliances and home electronics. The loan will be used for recapitalization purposes. GE Capital Markets and GE Capital Markets (Canada) Ltd. acted as sole lead arranger on the transaction.
NEW YORK--20 May 2009-- Peacock Equity, a joint investment fund of GE Capital's Media, Communications & Entertainment business and NBC Universal, today announced it has participated in a $7MM investment round for BlogHer, a leading participatory news, entertainment and information network for women online, along with two other investors.
