General Electric ’s aircraft financing and leasing business GE Capital Aviation Services ( GECAS ) may soon be up for sale , but one analyst warned its value may be overstated . Private equity firm Apollo Global Management is said to be working on a bid for GECAS , which had a reported value of $ 40.6bn in Q3 . Yet Gordon Haskett analyst John Smith said third - party assessment showed the aircraft financing 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. Private equity firm Apollo Global Management is said to be working on a bid for GECAS, which had a reported value of $40.6bn in Q3. 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.