GECAS seeking bids on aircraft portfolios

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

GE Capital Aviation Services (GECAS) is in the market seeking bids on three separate aircraft leasing portfolios, banking sources indicated.

The portfolio sales are a normal part of GECAS' business strategy and fleet renewal process, sources said.

"The assets being offered to the market are a mixed bag of newer and older narrowbody and widebody aircraft," said a financier familiar with the portfolios.

The US and Irish leasing company has a fleet of more than 1,750 owned and managed aircraft with approximately 240 airlines in 75 countries, according to its website.

GECAS was unavailable for comment at the time of press.