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GE Capital history
GE Capital company history timeline
1975: Guinness Peat Aviation (GPA) brokering venture is formed by Aer Lingus, Guinness Mahon, and Tony Ryan.
Ryan's righthand man Maurice Foley joined GPA in 1976 as a nonexecutive director on behalf of Aer Lingus.
Pretax profits were $71 million in 1987.
GPA had 170 employees and pretax profits of $150 million in 1989.
Further, GPA lost its tax-free status at its Shannon base in April 1990.
GPA announced plans for a stock flotation in the spring of 1991, but it was delayed for a year.
After a year of haggling with advisers over the share price, the company launched its US$1.1 billion (IR £603 million) share sale in June 1992 in London, New York, and Tokyo.
GECAS was formally established in November 1993.
GECAS owned or managed more than 900 planes at the beginning of 1995.
GECAS earned an estimated $200 million in profits in 1996, compared with $368 million posted by ILFC, its smaller competitor.
GPA agreed not to use the names GPA or Guinness Peat Aviation after 2001. It also bought 44 of GPA's 464 aircraft outright for US$1.4 billion (IR £920 million). GECAS had the option to buy a nearly two-thirds stake in GPA by March 1998.
In May 1999, GECAS sold the equity interest in 36 aircraft worth $1.3 billion to Miami-based UniCapital Corporation.
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GE Capital competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Pomona Capital | 1994 | $5.0M | 40 | - |
| Direct Energy Business Marketing LLC | 2013 | $830.0M | 5,021 | - |
| Integrys Holding Inc | 1883 | $4.1B | 1,337 | - |
| The Williams Companies | 1908 | $10.5B | 5,425 | 159 |
| Dynegy | 1984 | $4.8B | 2,489 | - |
| Macquarie Infrastructure Co Trust | 2004 | $847.0M | 2,000 | - |
| Pacific Gas and Electric | 1905 | $24.4B | 24,000 | 3 |
| CLEAResult | 2003 | $20.0M | 125 | 124 |
| Colonial Pipeline | 1962 | $500.0M | 700 | 51 |
| Enable Midstream | 2013 | $2.5B | 1,600 | - |
GE Capital history FAQs
Zippia gives an in-depth look into the details of GE Capital, including salaries, political affiliations, employee data, and more, in order to inform job seekers about GE Capital. The employee data is based on information from people who have self-reported their past or current employments at GE Capital. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by GE Capital. The data presented on this page does not represent the view of GE Capital and its employees or that of Zippia.
GE Capital may also be known as or be related to GE Capital, GE Energy Financial Services Inc, GE Energy Financial Services, Inc., Ge Energy Financial Services and GE Energy Financial Services.