EDEN PRAIRIE, Minn.--25 October 2010-- GE Capital Fleet Services today announced that it will provide American Fire Protection Group (AFPG), a national fire protection system provider, its telematics-based Mobile Resource IntelligenceSM program, with a goal of significantly increasing AFPG's fleet efficiency while reducing operating costs. AFPG will have access to GE's Monitor solution allowing AFPG's business leaders to view and manage their mobile fleet resources in real time.
GE Capital today announced that Arthur Mathysen Gerst has been appointed Managing Director for Pan-European Fleet Services to oversee the growth of the business throughout the region. He will be responsible for identifying new pan-European customers, developing new products and services and working with the key markets to gain market share and service customers. Mathysen Gerst will report into Isabel Fernandez, Chief Commercial Officer for GE Capital in EMEA.
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SHANGHAI, October 15, 2010 -- GE Capital Aviation Services Ltd. (GECAS), the commercial aircraft leasing and financing arm of GE, today announced delivery of a Boeing 737-800 aircraft on lease to Okay Airways Company, Ltd. It is the first aircraft GECAS has leased to this airline customer.
Okay Airways, based on Tianjin, operates passenger and freight service in China. GECAS leases more than 100 aircraft to airlines in China.
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SINGAPORE, October 15, 2010 -- GE Capital Aviation Services Ltd. (GECAS), the commercial aircraft leasing and financing arm of GE, today announced delivery of a new Boeing 737-800 aircraft to Japan Airlines following a purchase-and-leaseback transaction with the airline. The aircraft is part of an existing order agreement between Japan Airlines and Boeing.
A longtime customer of GE, Japan Airlines is based in Tokyo, and currently has a fleet of more than 200 aircraft.
About GE Capital Aviation Services (GECAS)
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EDEN PRAIRIE, Minn.--13 October 2010-- GE Capital Fleet Services today announced a new, three-year agreement with Web Service Company, a national laundry services provider, to use GE's Monitor and Intelligent Ops telematics solutions, with a goal of significantly reducing Web Service Company's operating costs. In addition, Web Service Company will become a user of GE's one-stop web portal providing extensive vehicle data used to manage fleet spend.
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BETHESDA, Md. & NEW YORK--13 October 2010-- The Senior Secured Loan Program, jointly managed by Ares Capital Corporation and an affiliate of GE Capital, announced today the closing of a $290 million senior secured loan to support Avista Capital Partners' and Ontario Teachers' Pension Plan Board's acquisition of INC Research, Inc., a Raleigh, NC-based full-service global contract research organization focused on late-stage (Phase II-IV) pharmaceutical clinical trials.
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NORWALK, Conn.--12 October 2010-- GE Capital, Restructuring Finance today announced it is co-agent for a $175 million plan of reorganization revolving credit facility to Neff Rental, Inc., a national construction equipment rental company. The financing supports working capital needs as the company emerges from Chapter 11. GE Capital Markets served as joint lead arranger.
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Funds acquisition of four BURGER KING units and debt refinancing
SCOTTSDALE, Ariz.--12 October 2010-- GE Capital, Franchise Finance provided $9.3 million in financing to Georgia Texas Operating Company, a BURGER KING® and Taco Bell franchisee. The funds were used to acquire four BURGER KING fast food restaurants in the greater Atlanta area as well as to refinance existing debt. Funding was provided through GE Capital, Franchise Finance's bank affiliate, GE Capital Financial Inc.