Sale, Manchester, 7 April 2011: Use of outright purchase as a method of acquiring company cars and vans may have fallen by more than half in the last 18 months, according to the latest quarterly Company Car Trends survey from GE Capital.
The research, which surveys 300 fleet decision makers, reveals that just 17% of respondents are using outright purchase today, compared to 38% just 18 months ago. Conversely, leasing appears to be making gains. In the same time period, the use of contract hire has risen from 42% to 66%.
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Sale, Manchester, 7 April 2011: Fuel costs will be the fastest rising item on the fleet industry agenda during the next 12 months, according to GE Capital, Fleet Services latest quarterly Company Car Trends survey.
The research reveals that a third (31%) of all fleet managers rated fuel costs as a maximum concern. This figure rose to nearly half (47%) when asked how they believe they would answer the same question a year from now.
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ISTANBUL, TURKEY, April 7, 2011 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing unit of GE, announced the signing of a sale-leaseback agreement with Istanbul-based Pegasus Airlines for the delivery of four new Boeing 737-800 aircraft. Deliveries are all scheduled for this month.
Pegasus, a scheduled and charter operator, is the second largest airline in Turkey, serving 100 destinations in 17 countries
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New report shows menu prices and capital expenditures likely to rise in 2011
SCOTTSDALE, AZ --- As consumers become more confident and increase spending, the restaurant industry is well positioned to begin growing in 2011. In spite of margin pressures caused by rising commodity prices, the industry should also see increasing capital expenditures as well as strong merger and acquisition (M&A) activity this year, according to the 21st edition of the Chain Restaurant Industry Review, released at last week's Restaurant Leadership Conference by GE Capital, Franchise Finance.
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BETHESDA, Md.--04 April 2011-- GE Capital, Healthcare Financial Services, as agent and co-lender, announced today that it has funded the final $10 million tranche of a $20 million senior secured multi-draw term loan to NeoVista®, Inc. The financing provides NeoVista with working capital to support the completion of its pivotal FDA trial for the treatment of wet age-related macular degeneration, utilizing the VIDION® ANV® Therapy System.
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NORWALK, Conn.--04 April 2011-- GE Capital, Corporate Finance today announced it is co-collateral agent on a $750 million asset-based credit facility for RG Steel, LLC, a flat-rolled steel producer and wholly owned subsidiary of The Renco Group, Inc. The loan will be used to support the acquisition of three steel companies from Severstal North America to form RG Steel, LLC. GE Capital Markets served as co-lead arranger.
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EDEN PRAIRIE, Minn.--04 April 2011-- GE Capital Fleet Services announced today that it has launched a new mobile application, U.S. Fuel Price Mapping, to enable drivers and fleet managers to reduce fueling costs. The application, part of GE's mobile fleet platform, helps drivers locate the correct type of fuel at the lowest price from any location, all from their mobile device.
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Growth expected in sales and service
MOBERLY, MO -- Office imaging veterans have a largely positive outlook for their industry in 2011, according to survey results released today by GE Capital's office imaging business. Growth will be driven by both sales and service in 2011, says the survey, despite hurdles such as upcoming changes in lease accounting requirements and pressure on profit margins.