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...The only effective sanctions are for the original equipment manufacturers or OEMs (Boeing, Airbus, Rolls-Royce, Pratt & Whitney and GE) to stop issuing updates to the flight and maintenance manuals....
...In a road to Damascus moment, the legendary former chief executive of GE told the FT in an interview in 2009: “On the face of it, shareholder value is the dumbest idea in the world....
...In 2014, the port had a banner year shifting GE generators produced in nearby Schenectady and bound for Africa....
...Instead of leasing or selling solar systems, they would finance homeowners’ purchases, letting them install the costly equipment with little or no cash upfront and pay off the competitively priced loans...
...And under the leadership of Gary Wendt it expanded greatly in insurance and leasing. Welch loved GE Capital....
...The comments came as AerCap, which became the world’s largest lessor last year after its takeover of GE Aviation Capital, reported a 16 per cent rise in revenues to $5.2bn for the year to the end of December...
...The lessor with the biggest exposure to Russia is AerCap, the world’s largest leasing group after its takeover of GE Aviation Capital last year....
...A failed stock market listing led to the company’s downfall and the acquisition of its assets by GE Capital, but it left industry experts behind who were ready to compete in the niche leasing market....
...Culp took a big step toward unwinding the business further by merging its jet-leasing business with rival AerCap Holdings....
...As a corollary to the break-up of remaining conglomerates such as GE and Toshiba, vertical stacking fits with a de-globalising world....
...Culp, in particular, has sought to shrink GE to control its debts. The group this year sold its aircraft leasing business to Irish company AerCap in a $30bn deal....
...GE recently sold its jet leasing business to bring in $24bn. In 2019, it flogged a life sciences business to Danaher for more than $20bn....
...“Around 50 per cent of delivery commitments in China are through the leasing companies. That is dampening the impact of the slowdown,” said Mhun....
...Other areas of opportunity include GE’s 45 per cent stake in publicly traded AerCap, which it holds after closing the $34bn sale of its aviation leasing business, GECAS, this month....
...A further threat, however, comes from Europe’s aircraft leasing industry which in recent years has proved to be a critical supplier of planes to Russia....
...As part of his efforts, Culp agreed in March to sell its aircraft-leasing business to Irish company AerCap for $30bn....
...The results follow GE’s $30bn sale of its aircraft-leasing business to Irish rival AerCap in March as the group looks simplify its business....
...General Electric has agreed to sell its aircraft-leasing business to Irish rival AerCap in a more than $30bn deal that brings together the two biggest companies in the market....
...On Wednesday, Culp announced an exit from GE Capital’s largest remaining business, the aircraft leasing business GECAS....
...Gecas is among the world’s largest leasing companies, buying aircraft and leasing them to airlines....
...GE has wanted to exit aircraft leasing, part of its diminished GE Capital unit, for some time....
...GE last month sold its aircraft-leasing business to Irish rival AerCap for $30bn as it looks to simplify its operations....
...leasing business....
...The sale of GE Capital Aviation Services, one of the world’s largest aircraft leasing companies, would mark the latest attempt by GE’s chief executive Larry Culp to turn round the Boston-based group since...
...GE Capital Aviation Services is among the world’s largest leasing companies, buying aircraft and leasing them to airlines....
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