GE Capital Aviation Services Company Profile and Services

GE Capital Aviation Services is a subsidiary of General Electric that provides aircraft financing and leasing solutions to airlines and other aviation companies. They offer a range of services to meet the diverse needs of their clients.

Their expertise in the aviation industry spans over 30 years, with a global presence and a portfolio of over 3,000 aircraft. GE Capital Aviation Services helps airlines to acquire and maintain the aircraft they need to operate efficiently.

The company's services include aircraft financing, leasing, and fleet management. They also provide maintenance and repair services to help airlines reduce downtime and increase overall efficiency.

GE Capital Aviation Services has a significant presence in the aviation industry, with a global network of offices and a diverse portfolio of aircraft assets.

The company offers a range of services, including aircraft financing, leasing, and asset management, which are designed to meet the needs of airlines, lessors, and other aviation industry players.

GE Capital Aviation Services has a long history of innovation, having introduced the first operating lease in 1983, which provided airlines with greater flexibility and reduced capital expenditures.

The company's commitment to innovation has continued to the present day, with a focus on digital transformation and the use of advanced data analytics to improve efficiency and reduce costs.

GE Capital Aviation Services has a significant global presence, with offices in over 40 countries and a team of over 1,000 employees.

We're a company with a rich history that dates back to 1993 when we were formed to manage the assets bought from Guinness Peat Aviation.

Our roots are in Ireland, where we're still based today, and we were originally staffed by former employees of GPA.

We also incorporated Polaris Aircraft Leasing from California into our group, expanding our reach and expertise.

In 2007, we sold 80% of GECAT to STAR Capital Partners, retaining a minority stake in Oxford Aviation Academy.

Today, our leasing portfolio includes helicopters, thanks to our acquisition of Milestone Aviation in 2015.

GE Capital Aviation Services offers a wide range of services to meet the needs of its customers.

GECAS provides operating leases, purchase leaseback agreements, secured loans, and aircraft servicing for its aircraft portfolio, which includes narrowbody and widebody passenger aircraft, cargo aircraft, and regional jets.

Customers can also finance aircraft engines through GECAS, which buys, leases, and finances engines from manufacturers like GE, CFM, Rolls-Royce, Pratt & Whitney, IAE, and Engine Alliance.

GECAS offers a variety of engine financing options, including operating leases, short-term leases, purchase leaseback agreements, secured loans, engine exchange, and engine servicing.

The company distributes recertified engine and aircraft parts through its Asset Management Services group, maintaining an inventory of parts from Airbus, Boeing, Douglas, and Bombardier aircraft that have been overhauled, repaired, or modified.

GECAS operates AviaSolutions, which provides aircraft consultancy services to airports, investors, and financial institutions, governments, and airlines, advising clients on business development, route development, infrastructure planning, airline management, regulations, and other projects.

Here are some of the key services offered by GECAS:

In March 2021, General Electric merged with AerCap, simplifying GE and focusing it on its industrial core.

The merger significantly reduced GE Capital assets, generating proceeds to de-risk and de-lever. GE will record a $3 billion non-cash charge for the first quarter of 2021.

The transaction also led to the creation of a new company, with AerCap acquiring the GE Capital Aviation Services business. AerCap now owns approximately 46% of its outstanding shares.

AerCap received 111.5 million newly issued shares, $23 billion in cash, and $1 billion in AerCap notes from GE. This acquisition has significantly increased AerCap's assets.

The combined company aims to serve approximately 300 customers worldwide and become the largest customer of Airbus and Boeing. AerCap now has a portfolio of over 2,000 aircraft.

The aircraft fleet represents about 90% of the assets of the combined company, with new technology aircraft expected to make up 75% of the fleet by 2024.

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