GE Capital today announced that Elmar Lukas has been appointed Managing Director, Equipment Financing for GE Capital in EMEA. The creation of the new role will support GE Capital's focus on growing and expanding its equipment financing business across Europe. Elmar will oversee the company's equipment financing portfolio and be responsible for leading and executing the equipment financing and leasing strategy across the region. He will report into Isabel Fernandez, Chief Commercial Officer for GE Capital in EMEA.
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Executing on Its Strategy to Focus on Its Core Businesses; GE Remains Committed to Turkey
NORWALK, Conn.--(BUSINESS WIRE)--GE Capital, the financial services division of GE, announced today it has reached agreement to sell an 18.6% stake in Turkiye Garanti Bankasi A.S ('Garanti Bank') to Spanish banking group, Grupo Banco Bilbao Vizcaya Argentaria ('BBVA'). GE will receive $3.776 billion (bn) and retain 2.25% of Garanti shares.
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Executing on its strategy to focus on its core businesses;
GE remains committed to Turkey
NORWALK, Conn. (November 2, 2010): GE Capital, the financial services division of GE, announced today it has reached agreement to sell an 18.6% stake in Turkiye Garanti Bankasi A.S ('Garanti Bank') to Spanish banking group, Grupo Banco Bilbao Vizcaya Argentaria ('BBVA'). GE will receive $3.776 billion (bn) and retain 2.25% of Garanti shares.
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GE Capital Fleet Services today announced it has launched FleetFinder, a new online vehicle selection tool, which helps customers access comparative vehicle information to assist in their vehicle-purchasing decisions. The new tool allows current customers to compare vehicle features and costs and select the models that best suit their fleet needs.
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SINGAPORE, NOVEMBER 11, 2010 -- GE Capital Aviation Services Ltd. (GECAS), the commercial aircraft leasing and financing arm of GE, today announced delivery of a new Airbus A320-200 aircraft to Philippine Airlines, Inc. The delivery comes from GECAS' existing order book with Airbus and is the first of a number of new A320s to be delivered by GECAS to PAL.
Philippine Airlines currently operates a fleet of 50 aircraft, including Airbus A319s and A320s and Boeing 747s and 777s leased from GECAS.
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Mumbai, November 1, 2010: SBI Cards, India's only independent credit card issuer, today unveiled an aggressive four-year growth plan after two years of business consolidation that has helped the company become profitable again. The joint venture between State Bank of India (SBI) and GE Capital also launched, today, a new offering - SBI Platinum Card, for a high-spending, 'premium' segment.
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SHANGHAI, October 26, 2010 -- GE Capital Aviation Services Ltd. (GECAS), the commercial aircraft leasing and financing arm of GE, today announced delivery of a new Boeing 777F freighter aircraft (serial number 37715) to China Cargo Airlines. The aircraft comes from GECAS' existing order book with Boeing.
China Cargo Airlines, majority owned by China Eastern Airlines, currently operates a fleet of 13 freighters.
About GE Capital Aviation Services (GECAS)
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STAMFORD, Conn. Oct. 25, 2010 -- GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it is expanding its oil and gas reserves investing business by offering loans for development drilling. In its first transaction involving this new product, GE Energy Financial Services has made a loan to Knox Energy, Inc. -- an exploration and production company based in Columbus, Ohio -- for drilling natural gas wells in central Ohio.