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Apollo Is Considering a Bid for GE’s Jet-Leasing Business

GE Capital Aviation could be worth $40 billion, including debt
Apollo talking to banks about financing for potential deal

Aviation Engine Production At GE Aviation Czech s.r.o. — Photographer: Martin Divisek/Bloomberg

By

Sonali Basak and

January 4, 2019, 9:02 PM UTC

Apollo Global Management LLC is talking to bankers about lining up debt to buy all or part of General Electric Co.’s jet-leasing business, which could be worth as much as $40 billion, according to people familiar with the matter.

The New York-based alternative asset manager has met with lenders to secure about $30 billion in financing to purchase GE Capital Aviation Services as potential buyers circle one of the ailing manufacturer’s crown jewels, said the people, who asked not to be identified because the matter isn’t public.