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GE explores options for aircraft leasing unit

A spin-off of the business is also a possibility: Sources

Anshuman Daga & Greg Roumeliotis | Reuters  |  Singapore/New York 

General Electric Co is weighing options for its aircraft leasing operations, including the sale of all or part of the business, as Chief Executive John Flannery searches for new divestitures, according to people familiar with the matter. GE’s move on GE Capital Aviation Services, the world’s second-largest lessor, follows expressions of interest from some of its competitors, the sources said. A spin-off of the business is also a possibility, the sources said, cautioning that GE may decide to keep the business. The move comes at a time when a flood of Chinese ...

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First Published: Wed, November 08 2017. 02:34 IST