BAE Systems has sold its asset management business and commercial aircraft lease portfolio to New York management firm Fortress Investment Group for $187 million. BAE Systems will transition 151 BAE legacy aircraft to Fortress, a portfolio comprised of the BAE 146 and Avro regional jets as well as the Jetstream and ATP turboprop models. However, BAE plans to retain its engineering and support services. According to spokesman David Dorman, BAE has ceased to function as an operating lessor ...

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