General Electric (GE) is reportedly close to an agreement to combine its jet-leasing business with AerCap--an Irish company--in a deal that could be valued at more than $30 billion.
Per The Wall Street Journal, the announcement is expected later Monday.
The deal would merge the world’s two biggest aircraft financiers during a tough time for the aviation business, which has been hit hard by the coronavirus pandemic.
Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS, weighs in on General Electric.
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