GE Nears Deal With AerCap to Create Behemoth Aircraft Lessor (4)

March 8, 2021, 3:01 PM

General Electric Co. is nearing an agreement to combine its jet-leasing business with Ireland’s AerCap Holdings NV, said people familiar with the matter, in a potential deal that would join the world’s two biggest aircraft financiers in a market roiled by the coronavirus pandemic.

A transaction may be announced as soon as this week, said the people, who asked not to be named discussing the matter. The deal is expected to have a value of more than $30 billion, said the Wall Street Journal, which reported the talks earlier. Shares of both companies gained.

Between them, GE Capital Aviation ...

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