Bloomberg says GE shares fell because of analyst concerns about helicopter leasing

Bloomberg is reporting that GE shares fell 4% over concerns about Milestone Aviation, following Waypoint Leasing’s filing for Chapter 11.

GE Capital Aviation Services acquired Milestone Aviation, the largest helicopter leasing company and Waypoint Leasing’s biggest competitor, for $1.8 billion in 2014.

John Inch, an analyst at Gordon Haskett, said: “A write-down of its Milestone assets could prove highly material to GE Capital.”

He says that if GE has not written-off the business, Milestone would account for nearly 75% of GE Capital’s reported goodwill of $984 million.

GE told Bloomberg that Milestone is expected to be profitable in both 2018 and 2019 and has a fleet utilisation of 90%.


Related stories 

What went wrong at Waypoint Leasing? December 5 2018

Waypoint Leasing in numbers November 27, 2018

Waypoint Leasing files for Chapter 11  November 25, 2018

Why 2018 is a year of change for Helicopter Leasing November 23, 2018

Credit freeze hits helicopter market September 5, 2018

Waypoint Leasing in talks with lenders September 2, 2018


Alasdair Whyte

Alasdair launched Corporate Jet Investor and Helicopter Investor in 2010. He has more than 15 year's experience as a financial journalist and has specialised in aviation for much of this time. As well as editing the website, Alasdair helps to organise our international conferences and events. He also regularly chairs them as well as other industry gatherings.

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