GE in sale, leaseback deal with Air Berlin

Tue Aug 25, 2009 5:10 PM EDT

business, us, ge, air-berlin, airbus-a320-200

STAMFORD — GE Capital Aviation Services, the aviation financing unit of General Electric Co., said Tuesday it has entered into a deal with Air Berlin for the sale and leaseback of three Airbus A320-200 aircraft.

The three aircraft will be delivered from Air Berlin's existing order book with Airbus. The aircraft will be delivered in early 2010.

Germany's Air Berlin has a fleet of 131 aircraft.

GE shares rose 10 cents to close at $14.30.

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GE in sale, leaseback deal with Air Berlin

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