According to sources familiar with the matter at hand, General Electric Co is closing in on a $30 billion-plus deal to combine its aircraft-leasing business with Ireland’s AerCap Holdings NV, reported the Wall Street Journal.
While details of the manner the deal would be structured was not immediately clear, an announcement is expected later today, assuming the talks don’t fall apart.
GE’s unit, known as GE Capital Aviation Services, is one of the world’s biggest jet-leasing companies. It leases passenger jets made by companies including Airbus SE and Boeing Co. According to its website, it owns, services or has on order of about 1,650 aircraft.