CIT Supports White Oak in $550MM Transaction with GECAS

White Oak Global Advisors completed a $550 million transaction with GE Capital Aviation Services to buy and immediately lease back 20 wide body aircraft engines. CIT served as lead arranger in the transaction.

Milestone Aviation Expands Following GE Acquisition

Milestone Aviation Group plans to add over 20 employees in three new regions – Asia, South America and the Middle East/Africa, while growing its European staffing, following its acquisition by GE Capital.

GE Capital Aviation is Skymark’s Top Bankruptcy Creditor

The top bankruptcy creditors for Japan’s Skymark Airlines are reportedly international leasing companies, including an Irish unit of General Electric, according to the carrier’s reconstruction filing.