GECAS on the Chopping Block: Apollo May Place Bid

Bloomberg reported that private equity firm Apollo Global Management has entered talks with lenders to finance a potential acquisition of GE Capital Aviation Services, according to people familiar with the matter.

According to Bloomberg, Apollo has lined up $30 billion for the purchase, although the deal may not occur and GE may opt to keep its jet financing arm.

This acquisition would expand Apollo’s aircraft portfolio, which currently Merx Aviation, an aircraft lessor that launched in 2012, according to Bloomberg.

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