GECAS Announces Portfolio Sale and Financing Agreement
GECAS announces closing of STARR 2018-1 and financing agreement with PAL.
Under a recently signed debt-financing deal GECAS company PK AirFinance will finance PAL's acquisition of four Airbus A321-200neos.
Under a recently signed debt-financing deal GECAS company PK AirFinance will finance PAL's acquisition of four Airbus A321-200neos.

GE Capital Aviation Services (GECAS) and Oz Management have closed on an aircraft portfolio purchase, STARR 2018, structured with the inclusion of a dedicated asset manager for equity investors. The transaction will allow GECAS to sell a portfolio of aircraft to Start Ltd., which is financing the acquisition through 144A debt and equity. The portfolio includes 24 in-production Boeing and Airbus aircraft. The aircraft are on lease to 16 airlines in 15 countries with a total appraised value of approximately $700 million. A multi-year agreement between GECAS and an Oz affiliate will allow the affiliate to serve as an asset manager for current and potential future transactions.


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