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GE Announces Completion of Combination of GECAS with AerCap, Receives Greater than $30 Billion Total Consideration

GE Announces Completion of Combination of GECAS with AerCap, Receives Greater than $30 Billion Total Consideration

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BOSTON–(BUSINESS WIRE)–GE (NYSE:GE) announced today the completion of the combination of its GE Capital Aviation Services business (“GECAS”) with AerCap Holdings N.V. (“AerCap”). GE Chairman and CEO H. Lawrence Culp, Jr., said, “Completing this strategic transaction is a significant milestone in GE’s transformation to a more focused, simpler, stronger high-tech industrial company. This is a debt story today. The cash proceeds put us in a position to have reduced our debt by approximately $75

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