GE Adds $1 Billion Aircraft Loans, Leases After CIT Deal

GE Commercial Finance yesterday revealed it has dramatically boosted its aircraft leasing portfolio by purchasing most of CIT Group's corporate aircraft business. The two companies would not reveal the sale price, but the deal includes $700 million in loans and $200 million in leases on 380 aircraft...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.