GE to sell stake in merged entity with AerCap overtime - CEO

  • 3/10/2021
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CHICAGO (Reuters) - General Electric Co will “over time” sell its stake in a new financing giant, which will be set up following the merger of its aircraft-leasing business with Ireland’s AerCap Holdings NV, the company’s chief executive told Reuters. The two companies announced a decision on Wednesday to tie the knot. GE will own a 46% stake in the combined entity, which will control more than 2,000 jets, dwarfing rivals. “We will sell the equity,” CEO Larry Culp said in a phone interview. “But as we shared with investors earlier, will do that overtime.”

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