Private equity giant Apollo Global Management is reportedly having discussion with bankers to secure debt to buy all or part of General Electric's jet-leasing business.
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GE aircraft-leasing sale would be $40 bln moonshotBuyout firm Apollo may bid for the best bit of GE’s finance arm, testing CEO Larry Culp’s commitment to decluttering the U.S. conglomerate. Unless he can get a knockout price, though, selling a crown jewel could leave Culp looking like he’s out of options.
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GE shares jump after report says Apollo is considering a bid for its huge jet-leasing businessShares of GE rose nearly 4% in after-hours trading on Friday following a report Apollo was considering making a bid for its jet-leasing business.
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Buyout firm Apollo reportedly eyes deal for GE's aircraft leasing unitPrivate-equity firm Apollo Global Management is working on an offer to acquire General Electric's aircraft leasing operations, which are worth as much as $40 billion, people familiar with the matter said on Friday.
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