SHANNON, Ireland, May 28, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced it will lease two new Boeing 737-800 aircraft to Kenya Airways to expand the carrier's fleet. The aircraft come from GECAS' existing order book with Boeing and are scheduled for delivery in early 2015.
Kenya Airways currently operates more than 40 aircraft to more than 50 destinations.
GECAS News
SCOTTSDALE, AZ, MAY 27, 2014 --- GE Capital's Franchise Finance business announced today that it has provided $35.5 million in senior debt to Valenti Mid-South Management, LLC, a major Wendy's franchisee based in Tampa, FL. The funds will be used to refinance most of the company's senior debt.
Valenti owns and operates 125 Wendy's restaurants in Tennessee, Mississippi, Arkansas, Missouri and Pennsylvania, as well as 17 Chili's in Mississippi and Alabama. The company employs more than 4,900 people.
LONDON, 27 May, 2014: GE Capital, one of Europe's leading providers of commercial finance, today announced that it has provided £80 million to finance future growth of the Hovis brand. The deal, which is GE Capital's largest single exposure into the food industry to date will be used to fund general working capital needs following the acquisition of a controlling stake in Hovis Ltd by Gores Group last month.[1]
BETHESDA, MD, MAY 22, 2014 --- GE Capital's Healthcare Financial Services business announced today that it has agented a senior secured credit facility of up to $10 million to Cianna Medical, Inc. The funds will be used for additional working capital as Cianna Medical continues to expand its commercialization and product development efforts.
IRVING, TX, MAY 21, 2014 --- Construction equipment dealers are optimistic that rental activity will remain strong, according to a survey recently conducted by GE Capital, Equipment Finance. In fact, they estimate that the rental segment of the industry will grow about 12 percent this year.
SHANNON, Ireland, May 22, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced delivery of a leased Boeing 737-300SF freighter aircraft to a new airline customer, PT Trigana Air Service.
Indonesia's Trigana Air will use the aircraft to expand its fleet. Trigana Air currently operates a fleet of nearly 20 passenger and freighter aircraft to more than 20 destinations in Indonesia.
GECAS News
SHANNON, Ireland, May 24, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aviation financing arm of GE, today announced it received an award for "Capital Markets Deal of the Year" from AirFinance Journal for its participation in the 2013 AABS Limited transaction.
SHANNON, Ireland, May 19, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced delivery of a leased Boeing 767-300ERF freighter aircraft to All Nippon Airways Co. Ltd. (ANA Cargo).
ANA Cargo will use the wide-body freighter to expand its cargo operations. ANA Cargo's fleet of seven Boeing 767-300ERF and three Boeing 767-300F freighters operate on 18 international and six domestic routes.
