Air Transport World

GATX Flightlease Management.(joint venture formed)

GATX Flightlease Management is the name of a new Zurich-based 50-50 joint venture between GATX Capital Corp. and Flightlease Ltd., a subsidiary of the SAirGroup created in the reorganization of Swissair in 1997. "Subject to regulatory approvals and consents," GATX Flightlease will take over the management of aircraft operating leases managed by GATX Capital and Flightlease, representing interests in more than 180 transports valued at nearly $6 billion, making it the third-largest operating lessor behind GE Capital Aviation Services and International Lease Finance Corp. …

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