DUBLIN—The world’s largest aircraft lessor AerCap on Monday warned that delivery problems at Boeing and Airbus were likely to last years and that manufacturers were giving airlines too little notice about delays. Over-promising and under-delivery is likely to be an issue with manufacturers “for years to come,” AerCap chief executive Aengus Kelly told the annual…
GE, AerCap Join Air Leasing Businesses in $30 Billion Deal
General Electric is combining its aircraft leasing business with Ireland’s AerCap Holdings in a deal valued at more than $30 billion, a big step in what has become a six-year odyssey to reshape the one-time sprawling, global conglomerate. By pushing GE Capital Aviation Services, or GCAS, into a separate business, GE is essentially closing the…
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