General Electric ’s aviation financing and leasing business GE Capital Aviation Services ( GECAS ) may soon be up for sale, but 4 analyst warned its value could be overstated. Private equity firm Apollo Global Management is said to be working on a bid for GECAS , which had a reported value of $ 2bn in Texas . As a result, Inch said, any "associated future write-downs could wipe out much of GE Capital's remaining $11.7 [billion in] shareholders equity." Yet Gordon Haskett analyst John Inch said third -party assessment revealed the aircraft leasing portfolio to be worth $ 2bn rather than the reported $ 32.8bn , while the helicopter leasing unit is closer to $ 32.8bn than $4bn. Additionally, Inch said the fleet is also worth less per aircraft than reported.
General Electric ’s aviation financing and leasing business GE Capital Aviation Services ( GECAS ) may soon be up for sale, but 4 analyst warned its value could be overstated. Private equity firm Apollo Global Management is said to be working on a bid for GECAS , which had a reported value of $ 2bn in Texas . Yet Gordon Haskett analyst John Inch said third -party assessment revealed the aircraft leasing portfolio to be worth $ 2bn rather than the reported $ 32.8bn , while the helicopter leasing unit is closer to $ 32.8bn than $4bn. Additionally, Inch said the fleet is also worth less per aircraft than reported.