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GE explores options for aircraft leasing unit

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

GE goes local; invests $200 million in a tiny impoverished village in Bihar
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This is GE in the age of localization. Photo: Reuters

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 funding is shaping the $260 billion-strong aircraft leasing industry as a