General Electric’s aviation financing and leasing business GE Capital Aviation Services (GECAS) may soon be up for sale, but one analyst warned its value could be overstated. Three experts on GE's future after firing CEO John Flannery The company has been struggling to find a buyer since it was acquired by private equity firm KKR in 2013. Yet Gordon Haskett analyst John Inch said third-party assessment revealed the aircraft leasing portfolio to be worth $25.8bn rather than the reported $32.8bn, while the helicopter leasing unit is closer to $2bn 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 one analyst warned its value could be overstated. The company has been struggling to find a buyer since it was acquired by private equity firm KKR in 2013. Yet Gordon Haskett analyst John Inch said third-party assessment revealed the aircraft leasing portfolio to be worth $25.8bn rather than the reported $32.8bn, while the helicopter leasing unit is closer to $2bn than $4bn. Additionally, Inch said the fleet is also worth less per aircraft than reported.