BUENOS AIRES, ARGENTINA - JULY 5, 2017 - General Electric (NYSE: GE), through its energy investing unit GE Energy Financial Services, and YPF Energía Eléctrica, a wholly owned subsidiary of YPF S.A. (NYSE: YPF), have secured an approximate $220 million project financing for two jointly owned thermal power projects in Argentina, the 267-MW Tucumán and 107-MW Loma Campana II projects. Citi, Credit Suisse and Export Development Canada (EDC) jointly led the financing, which represent the first power plant project financing in Argentina in almost 20 years.
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- Fund represents a new renewable energy investment vehicle led by GE for the Japan market
- The fund is targeted at JPY 75 billion and has the potential to grow to JPY 90 billion
TOKYO, JAPAN - 29 JUNE 2017: GE Energy Financial Services (“GE EFS”), the energy investing unit of General Electric (NYSE:GE), has raised the largest* solar energy fund in Japan to invest in Japanese solar power projects. Development Bank of Japan Inc.
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Shannon, Ireland - June 21, 2017 - GE Capital Aviation Services (GECAS) a world leader in aviation leasing and financing, is planning to convert a further 30 Boeing 737-800s into freighters.
GECAS launched the 737-800 freighter program with Aeronautical Engineers (AEI) in 2015 and Boeing in 2016. Since then GECAS has provided each program with a prototype aircraft for modification at separate conversion facilities in Miami and Shanghai.
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West Atlantic to become the first operator worldwide of this type
Shannon, Ireland - June 20, 2017 - West Atlantic Airlines, a European dedicated cargo airline specialised in mail and express freight, has agreed to lease four 737-800 Freighters from GE Capital Aviation Services (GECAS). The airline will be the first operator to take delivery of the Boeing standard-body converted freighter. GECAS launched the program and provided the prototype aircraft to Boeing in 2016.
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- CDPQ to provide strategic capital over four years to create an aircraft leasing and financing platform alongside world class operator GECAS
- Platform will provide GECAS with increased flexibility to support future growth
- Investment marks new milestone in the strategic relationship between CDPQ and GE
Montréal, Canada and Shannon, Ireland, 19 June, 2017 - Caisse de dépôt et placement du Québec
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Shannon, Ireland - June 19, 2017 - GE Capital Aviation Services (GECAS), the aviation leasing and financing arm of GE (NYSE: GE), today announced a firm order for 100 Airbus A320neo family aircraft at the 52nd International Paris Air Show. All the aircraft will be powered by CFM’s LEAP-1A engines.
This new order brings the total number of A320 Family aircraft ordered by GECAS to ~600 aircraft. Of these 220 are A320neo Family aircraft including 33 A321neo.
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Shannon Ireland, June 19, 2017 - Boeing [NYSE: BA] and GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric [NYSE: GE] today announced an order for 20 of the new 737 MAX 10 at the Paris Air Show by converting 20 of its current MAX orders to the larger MAX 10 which was launched Monday.
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Company aims to grow Australian business in near term
Dublin, Ireland - May 22, 2017 - Milestone Aviation Group (Milestone) and GE Capital Aviation Services (GECAS) have opened a new office in Sydney, Australia, effective May 1, 2017. With the opening of the new location, Milestone and GECAS are available locally to better support Australian customers with the company’s full suite of helicopter and commercial aircraft financing products.