Starwood Capital Group and Apollo Global Management have submitted offers to buy an aircraft-financing business owned by General Electric Co. (GE), which could fetch around $4 billion, Bloomberg reported citing people familiar with the matter.
GE is working with advisers as it explores a possible sale of PK AirFinance, a subsidiary of the conglomerate's broader aircraft-leasing business known as GECAS.
GE has received interest from potential suitors, some of which -- including affiliates of Starwood and Apollo -- have advanced into the next round of bidding, the report said.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.