GE Capital Aviation Services, the commercial aircraft financing arm of GE (NYSE:GE), said it has announced the appointment of Alec Burger, 52, as its president and CEO effective January 1, 2016.
Burger will take over the executive management of the business from Norman C.T. Liu, 58, who will stay on as chairman of GECAS until late 2016 when he will retire from GE.
Burger is a 25-year veteran of GE including 15 years at GE Capital Real Estate, where he last served as president and CEO, prior to the business being sold as part of GE´s transition to become a more focused, digital industrial company.
GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing. With over 45 years of experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, regional jets, turboprops, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting.