Finance, Taxes, Insurance
GECAS Slashes Milestone's Value by $729M
GECAS has written down the value of its Milestone Aviation helicopter leasing unit by $729 million.

The continuing decimation of the depressed offshore helicopter market writ large anew earlier this week when GECAS wrote down the value of its Milestone Aviation helicopter leasing unit by $729 million. Milestone holds the world’s largest fleet of Sikorsky S-92 heavy helicopters, used primarily in support of the offshore energy market.


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