GE in sale, leaseback deal with Air Berlin for 3 Airbus A320-200 aircraft
By APTuesday, August 25, 2009
GE in sale, leaseback deal with Air Berlin
STAMFORD, Conn. — GE Capital Aviation Services, the aviation financing unit of General Electric Co., said Tuesday it has entered into a deal with Air Berlin for the sale and leaseback of three Airbus A320-200 aircraft.
The three aircraft will be delivered from Air Berlin’s existing order book with Airbus. The aircraft will be delivered in early 2010.
Germany’s Air Berlin has a fleet of 131 aircraft.
GE shares rose 10 cents to close at $14.30.
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