Aircraft-leasing giant Gecas is a "keeper" for parent group General Electric as the conglomerate considers breaking itself up, according to the leasing unit's chief executive, Alec Burger. Aircraft-leasing giant Gecas is a "keeper" for parent group General Electric as the conglomerate considers breaking itself up, according to the leasing unit's chief executive, Alec Burger. Speaking at the Airline Economics conference in Dublin, Mr Burger dampened speculation that GE might offload the unit entirely. "So, you read in the paper obviously, the whole [GE] portfolio is being looked at, and I think Gecas is a solid keeper." Last year, Gecas contributed $1.4bn (€1.1bn) in net income to GE, which is expected to generate $7.3bn in earnings for 2017.

Source: Irish Independent January 23, 2018 02:26 UTC