Financial Times FT.com

GE-backed trust delays Singapore IPO

By John Burton in Singapore

Published: November 15 2007 08:45 | Last updated: November 15 2007 08:45

A planned listing of an aircraft leasing trust in Singapore has been delayed due to market volatility, underscoring the vulnerability of the city-state's financial markets to market turmoil in the US.

The move to delay the listing of Altitude Aircraft Leasing Trust, which is backed by General Electric Commercial Aviation Services, comes after the planned listing in Singapore of a real estate investment trust backed by Japanese property holdings was postponed last week.

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