© Reuters. FILE PHOTO: A General Electric aircraft used to test jet engines is shown at Victorville Airport in Victorville, California
(Reuters) – General Electric (NYSE 🙂 Co is on the verge of a $ 30 billion deal to combine its aircraft leasing business with Irish AerCap Holdings NV, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
Details of how the deal would be structured weren't immediately known, but an announcement is expected on Monday, provided the talks don't fall apart, the WSJ said.
The entity, known as GE Capital Aviation Services or GECAS, is one of the world's largest jet leasing companies, leasing passenger aircraft from companies such as Boeing (NYSE 🙂 Co and Airbus SE (OTC :). According to its website, the company owns, maintains, or orders around 1,650 aircraft.
GE said the company did not comment on rumors or speculation, while AerCap did not immediately respond to Reuters' request for comment.
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