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Bloomberg: GE Weighs Adding Helicopter Leasing

February 11, 2014, 07:01 AM
Filed Under: Aircraft

Bloomberg reports that GE's aircraft leasing division may add helicopters to its portfolio of rental assets amid rising competition in the market for financing commercial jetliners.

The Bloomberg report quotes Norman Liu, the unit’s chief executive officer, saying, "We have to look at new adjacencies -- we’re looking at helicopters.”

According to the report, a potential move into helicopters, which are widely used in the oil and gas industry, could be interesting for GE Capital Aviation Services as new money from parties such as private-equity investors flows into aircraft leasing, Liu said. No final decision on helicopter leasing has been made, he said.

To read the full Bloomberg report, click here.

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