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gunfyter

Well-known member
Joined
Mar 25, 2002
Posts
3,785
GE unit in talks to buy Milestone Aviation: WSJ
(Reuters) - General Electric Co's (GE.N) finance arm is in talks to buy Milestone Aviation Group Ltd, as the U.S. conglomerate looks to expand its aircraft-leasing operation into helicopters, The Wall Street Journal reported, citing people familiar with the matter.


The purchase price for Milestone could be more than $2.5 billion, according to some of the people, the Journal reported.


Milestone, co-founded by NetJets Inc founder Richard Santulli, has announced plans for an initial public offering of stock, according to the report.


Buying Milestone, the world's largest helicopter-leasing company by fleet value, would broaden GE Capital Aviation Services' portfolio beyond the competitive plane-leasing business, as it currently owns no helicopters, the Journal said.


"As a matter of policy, we don't comment on market rumors or speculation," a spokeswoman for Milestone Aviation said.


Officials at General Electric were not immediately available for comment.


(Reporting By Manya Venkatesh in Bangalore; Editing by Simon Jennings)
 
And not yet 5 yrs old...... I think WB picked the wrong guy...

Hey what ever happened to that Sokol character
 
Gulfstream will unveil the successor to the G-450. 15% more fuel efficient, among other improvements.

For a while now they have been doing engine and taxi runs on the test article in very cloak and dagger fashion at 3AM in Savannah. Should be another awesome airplane that we won't get....:rolleyes:
 

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