About: http://data.cimple.eu/news-article/4358b9d2a2336149b2b4bee235100796ee3d63915b646e24e2bf6fac

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/4358b9d2a2336149b2b4bee235100796ee3d63915b646e24e2bf6fac Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Irish aircraft leasing company AerCap said Tuesday it is in "ongoing" discussions with General Electric on a transaction amid the ongoing downturn in air travel during the coronavirus pandemic. AerCap confirmed media reports about a possible combination with GE's aircraft-leasing business, but said discussions "had yet to be determined," according to a securities filing. "There can be no guarantee that an agreement will be reached or on the terms of any agreement," AerCap said. The Wall Street Journal reported the talks Sunday, saying a transaction could be valued at more than $30 billion but that the structure of the arrangement could not be determined. GE has declined to comment. A merger of the companies would create a giant in the aircraft leasing industry, with fleets heavy on planes made by both Airbus and Boeing. The air travel industry remains depressed, although travel is expected to pick up as vaccinations become more widespread. GECAS has more than 1,650 aircraft of different sizes, while AerCap owns, manages or has ordered more than 1,300 aircraft. AerCap reported a profit of $1.1 billion in 2019, but lost $299 million in 2020. Similarly, GECAS notched more than $1 billion in profits in 2019, but lost $786 million last year. A transaction would be the latest move by GE to remake itself under Larry Culp, who was named chief executive in 2018 amid a deep slump in the industrial giant. Culp has sold off assets, cut costs and reduced debt in an effort to improve performance and win back favor from Wall Street. Culp said in January that the company was well positioned and that "momentum is growing across our businesses." jum-jmb/st
schema:headline	AerCap confirms talks with GE on plane-leasing combination
schema:mentions	General Electric Republic of Ireland Industry The Wall Street Journal Pandemic Severe acute respiratory syndrome coronavirus 2 GE Capital Aviation Services AerCap Aircraft lease Aviation SEC filing Momentum
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-09 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	69 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software