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GE CAPITAL AND GPA COMPLETE TRANSACTIONS

 STAMFORD, Conn., Oct. 29 /PRNewswire/ -- GE Capital and GPA Group, plc announced today that they have completed the previously announced agreements in which GE Capital has purchased 45 Stage III aircraft from GPA Group plc for $1.35 billion and will manage the assets of GPA and certain affiliates. As originally agreed, GE Capital is not assuming responsibility for any of GPA's liabilities.
 GE Capital, a wholly-owned subsidiary of General Electric Company, is a diversified financial services company headquartered in Stamford, CT. GE Capital's activities include equipment management, mid-market financing, specialized financing, specialty insurance and consumer services. GE is a diversified manufacturing, technology and services company with operations worldwide.
 -0- 10/29/93
 /CONTACT: Thomas F. Lamb, Jr., 203-357-4346, or at home, 203-452-9889/
 (GE)


CO: GE Capital; GPA Group, plc ST: Connecticut IN: FIN SU:

SH -- NY069 -- 8601 10/29/93 14:53 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
Words:144
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