General Electric Company: Transition From Diversified Business Model

After 130 years of operating as a conglomerate, GE plans to split its business into three independent companies – Aviation, Healthcare, and Energy – to simplify operations and reduce debt. After the anticipated completion of the spin-off in 2024, the aviation business is expected to be the most debt-heavy among the entities, as it will have to bear GE Capital's legacy liabilities, including the run-off insurance business.