AIRLINES

GE Capital to Buy Planes From Leasing Company: General Electric Co.’s GE Capital agreed to purchase 45 airplanes from leasing company GPA Group for $1.35 billion in a move that could keep the Irish company from collapsing. The transaction must still be approved by creditors and shareholders of GPA, one of the world’s biggest airplane leasing companies. The sale would provide GPA with additional funding, which would be partially convertible to equity. Standard & Poor’s Corp. said in March that GPA was vulnerable to defaulting on its bonds because of uncertainty over its ability to raise new capital. GPA has a string of debt payments that will be due beginning May 18.