GE's jet-leasing unit said to draw sale interest from GIC

NEW YORK (Sept 11): 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. Representatives for GIC, which is a GE investor, didn’t immediately respond to requests for comment.

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