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The Equipment Finance Industry has grown to over $1 Trillion in the U.S. and with over 5 million equipment finance Websites on the Internet today, it can be difficult to identify the resources you need.

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Arrow  Summit Funding Group
Richard Ross / 513.489.1222
Summit Funding

Since our inception in 1993, Summit Funding Group, Inc. has amassed a high performing portfolio in excess of $3 billion in equipment lease and finance originations and a history of working with companies of all sizes and most industries.

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Gecas boost: GE chief says no plans to sell off Shannon-based aviation unit

February 1, 2019

General Electric insisted it has not lined up a sale of Gecas, its Shannon-headquartered aviation finance arm, after announcing results that sent shares surging yesterday.

"We have no plans to sell Gecas," GE CEO Larry Culp told investors. Reports had said private equity firm Apollo had approached GE to buy the Irish business.

Shares in General Electric (GE) soared the most in almost a decade as the new chief executive officer, Larry Culp, yesterday detailed his efforts to reduce the company's debilitating debt load, fix the ailing power business and ease lingering uncertainties weighing on the shares.

GE also announced a deal to settle a US Justice Department probe into its defunct subprime-mortgage unit for less than investors had feared.

"We are going to de-lever the balance sheet while we strengthen the underlying operations of the business," Mr Culp said in an interview yesterday after GE reported fourth-quarter earnings.

GE jumped as much as 18pc at one point yesterday after results showed sales rose 5.3pc to $33.3bn (€2.9bn) in the fourth quarter of its financial year, exceeding expectations of $32.3bn.


Irish Independent

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