The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Singapore’s sovereign wealth fund has expressed interest in buying General Electric Co.’s plane-leasing unit, said people with knowledge of the matter.
At a meeting between GIC Pte. and GE officials in August, fund executives asked whether the Boston-based company would consider selling all or a part of GE Capital Aviation Services, said the people, who asked not to be identified because the matter was private. No decision was made at the meeting but GE subsequently discussed the merits of such a deal internally and with external advisers, the people said.
A GE representative declined to comment.
The GE unit sits alongside Dublin-headquartered AerCap Holdings NV as one of the world’s largest plane-leasing companies.