In August 2001 IJK was engaged by GE Capital to conduct a review of 11 airside properties located at five airports in Scandinavia that were owned by Scandinavian Airline System who were looking at entering into a sale and leaseback transaction with GE Capital to raise capital. The properties were held under long term leasehold to SAS and formed an important part of the airline’s aircraft servicing and maintenance and cargo handling. The purpose of the review was to assess the value and marketability of the properties in support of the proposed sale and leaseback transaction. IJK requested assistance in the preparation of the valuation of the properties. The report was completed by IJK and GE Capital proceeded with the sale and leaseback transaction.