21-Dec-2009 9:24 AM

GECAS and CDB Leasing close aircraft sales transaction

GE Capital Aviation Services Ltd (GECAS) announced (15-Dec-2009) the sale of 15 commercial aircraft valued at approximately USD830 million leased to multiple airlines around the world to CDB Leasing Co Ltd, a subsidiary of China Development Bank. CDB Leasing Co stated the transaction would enble the company to "greatly expand out international presence". [more]