- Platform will enable PIMCO and GECAS to acquire new and young aircraft to lease
- Provides financing to help airlines upgrade their fleets at critical time for the aviation industry
Newport Beach, California and Shannon, Ireland, (October 19, 2020) -- PIMCO, one of the world's premier fixed income investment managers, and GE Capital Aviation Services (GECAS), a world-leading lessor and business unit of GE (NYSE: GE), announce that they have reached a preliminary agreement to develop an aviation leasing platform to support up to $3 billion in aircraft asset financings. The transaction is subject to customary closing conditions and receipt of required regulatory approvals.
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