GE unveiled a new roadmap for the restructuring of the conglomerate yesterday and cut its dividend to the dismay of shareholders but there was no explicit reference to the possible sale of its aircraft leasing arm. The company reiterated its commitment to GE engines but not its leasing business. The bottom line is that GECAS makes money, which is badly needed at GE to rebalance the rest of its business. A portfolio sale right now would be poor timing as the premium other books gained over the past few years is unlikely to be achieved in this market when all
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