GE Nears Deal to Combine Air Leasing Unit With AerCap

AerCap (NYSE: AER) and General Electric (NYSE: GE) are said to be near a deal that would combine two of the world's largest aircraft finance portfolios, creating a powerhouse in what should be a growing industry as airlines adjust post-pandemic. The deal, which was first reported by The Wall Street Journal, would value the combined company at more than $30 billion. Terms of the potential deal, which is expected to be announced as soon as Monday, were not disclosed, but GE has been hoping to fetch at least $25 billion for its GE Capital Aviation Services (GECAS).