GE CEO Larry Culp on AerCap deal: Cash proceeds will allow us to pay down debt

Name: GE CEO Larry Culp on AerCap deal: Cash proceeds will allow us to pay down debt
Uploaded: 2021-03-10T15:23:37.000Z
Duration: 5 min 37 s
Description: General Electric on Wednesday said it reached a deal to combine its jet-leasing business with rival AerCap in a deal valued at $30 billion, a move that would create a massive lessor as the aviation industry struggles through the Covid-19 pandemic and GE moves to reduce its debt load. CNBC's David Faber breaks down his conversation with CEO Larry Culp Wednesday morning about the deal.

General Electric on Wednesday said it reached a deal to combine its jet-leasing business with rival AerCap in a deal valued at $30 billion, a move that would create a massive lessor as the aviation industry struggles through the Covid-19 pandemic and GE moves to reduce its debt load. CNBC's David Faber breaks down his conversation with CEO Larry Culp Wednesday morning about the deal.

05:37

Wed, Mar 10 202110:23 AM EST