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 books on GE Capital, the financial wing of General Electric that nearly sank the entire company during the 2008 financial crisis.
