SHANNON, Ireland, June 23, 2015 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced delivery of a new leased Airbus A321 aircraft to the Thomas Cook Group.
This is the ninth of nine new A321 aircraft GECAS delivered to Thomas Cook in 2014 and 2015 as part of the airline’s previously announced program to renew and modernize its narrowbody fleet.
FAIRFIELD, Conn. - June 29, 2015 - GE [NYSE:GE] announced today that it has reached an agreement to sell its U.S., Mexico, Australia and New Zealand fleet businesses to Element Financial Corporation (TSX:EFN) for US$6.9 billion.
CHICAGO - GE Capital, Commercial Distribution Finance (CDF) announced today a multi-year extension of its strategic inventory financing program in the U.S. with Schiller Grounds Care. Schiller, a manufacturer of landscaping, turf and grounds equipment, distributes its products through thousands of dealers across the country. Schiller has worked with CDF since 2009.
Frieghter conversion program, new helicopter orders and A320neo orders round out a busy week for GE's commercial aircraft financing business
NORWALK, CT - June 23, 2015 - GE Capital Aviation Services (GECAS), the aviation leasing and financing arm of GE, announced this week at the 2015 Paris Air Show plans for continued growth with the launch of a new freighter conversion program and sizeable orders for new aircraft and helicopters.
EDEN PRAIRIE, Minn. - GE Capital Fleet Services today announced that it has contracted with Verizon Networkfleet to offer its customers an electronic truck compliance system to satisfy upcoming electronic hours of service regulation requirements. This additional telematics product offering, which is made available through Verizon Networkfleet and its relationship with J.J. Keller & Associates Inc., will provide companies with new enhancements including electronic hours of service and driver vehicle inspection reports for their trucking operations.
CHICAGO - GE Antares, a unit of GE Capital, announced today it is serving as administrative agent on a $124.5 million senior secured credit facility to support the acquisition of Area Wide Protective (AWP) by The Riverside Company. GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.
Headquartered in Kent, OH and founded in 1993, AWP offers temporary traffic management solutions to a variety of customers, including utilities, utility contractors and telecommunications companies.
· Strong progress since April 10 disposition announcement
· Bulk of remaining debt and equity to close in second and third quarter
FAIRFIELD, CT - June 17, 2015 - GE [NYSE:GE] announced its GE Capital Real Estate business has now completed transactions totaling $9.5 billion with Blackstone [NYSE: BX], Wells Fargo [NYSE: WFC], Shinsei Bank Limited and other buyers for portfolios in Canada, Japan, Germany, U.K. and the U.S.
