- Update 8:30am: Updates shares.
- General Electric (NYSE:GE) is close to a $30b deal to combine its jet-leasing business with with AerCap Holdings (NYSE:AER), according to a WSJ report. AerCap gained 11.5% in premarket trading, while GE rose 2.8%.
- Details of how the deal would be structured weren't immediately available, the WSJ said, citing people familiar. A formal announcement is expected tomorrow.
- The unit is known as GE Capital Aviation Services, or Gecas.
- GE's investor day is Wednesday.
- Recall March 4, GE extends gains as Morgan Stanley forecasts banner investor day.
- Recall March 3, GE rallies as UBS sees help coming for reducing pension liability problem.