(Reuters) – General Electric Co is approaching a deal worth more than $ 30 billion to combine its aircraft leasing business with Ireland’s AerCap Holdings NV, the Wall Street Journal reported on Sunday citing people familiar with the matter .
The details of how the deal would be structured were not immediately known, but an announcement is expected on Monday, assuming the talks do not fall apart, the WSJ said.
The unit, known as GE Capital Aviation Services, or GECAS, is one of the largest jet leasing companies in the world and leases passenger aircraft made by companies such as Boeing Co and Airbus SE. It owns, provides services or has orders for about 1,650 aircraft, according to its website.
GE said the company did not comment on rumors or speculation, while AerCap did not immediately respond to Reuters’ request for comment.
Reporting by Bhargav Acharya in Bengaluru; edition by Diane Craft