- The portfolio consists of loans and leases as well as more than 300 fixed-winged aircraft across the U.S., Canada, Mexico, and Latin America. The buyer in a deal valued at $2.5B is Global Jet Capital.
- This sale will bring total asset sales this year to roughly $97B.
- "We welcome Trian’s significant investment in the Company," says GE boss Jeff Immelt. "GE is focused on improving margins and returns, reducing costs and the size of corporate, returning capital to shareholders and realigning our portfolio ... We are transforming GE into a focused infrastructure and technology company, leading the intersection of the physical and analytical worlds."
- Source: Press release
- Previously: Trian Fund Management takes $2.5B stake in GE (Oct. 5)