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GE aircraft unit to buy helicopter lessor Milestone for $1.78 bln

Reuters - UK Focus

Oct 13 (Reuters) - General Electric Co's aircraft leasing unit said it would buy Dublin-based helicopter leasing company Milestone Aviation Group for $1.78 billion.

"The addition of Milestone will deepen our domain expertise in aviation and oil and gas, two critical GE industries," GE Capital Chief Executive Keith Sherin said in a statement on Monday.

The transaction is expected to close next year. (Reporting by Sagarika Jaisinghani in Bangalore; Editing by Ted Kerr)