Culminating a 20-year history of new orders for the type, GECAS has received its 394th and final skyline order of Boeing’s Next Generation 737. Just over a month prior to Boeing delivering its first 737 MAX to GECAS in January, the lessor took delivery of its final skyline NG order last week.
With an initial order placed in 1996, GECAS’ NG orderbook accounts for roughly one of every 15 NGs delivered to date. Surpassing other lessor’s skyline orders for the type, GECAS’ placements of NG’s have been leased to 64 operators across 32 countries. Exclusively powered by CFM-56 engines, the narrowbody has served the airline industry for decades and is ideally suited for both commercial passenger and cargo aircraft.
In addition to new orders, GECAS has also provided new aircraft lease financing on an additional ~270 737NGs to customers around the world.
GECAS currently has 170 737 MAX airplanes on order, with the first delivery scheduled for January 2018.
West Atlantic Airlines, a European dedicated cargo airline specializing in mail and express freight, has agreed to lease four Boeing 737-800 Freighters from GE Capital Aviation Services (GECAS). The airline will be the first operator to take delivery of the Boeing standard-body converted freighter. GECAS launched the program and provided the prototype aircraft to Boeing in 2016.
The first aircraft is currently undergoing the conversion at Boeing’s modification facility in Shanghai, with subsequent aircraft delivering in 2018 and 2019. This order will provide additional capacity to West Atlantic’s existing fleet of more than 50 freighters.
With 55 years of operating experience and detailed knowledge of the requirements of the express package and mail industries, West Atlantic is a proven supplier of custom-made capacity solutions throughout the EMEA region.
“GECAS is proud to provide these 737-800 converted freighters to West Atlantic,” stated Richard Greener, GECAS’ SVP & Manager Cargo, noting “transitioning into the Next Generation 737 is a logical step as West Atlantic defines its future fleet requirements.”
The 737-800 Boeing Converted Freighter will be equipped with CFM56-7B engines, and carries up to 23.9 tonnes of cargo with 12 main deck positions over 2,000 nautical miles and is an exceptionally cost-effective standard-body freighter.
Boeing and GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric [NYSE: GE], today announced an order for 20 737 MAX 10s at the Paris Air Show, converting 20 of its current MAX orders to the larger MAX 10.
GECAS has 170 737 MAX airplanes on order, the largest of any aircraft leasing company.
Like all of Boeing’s 737 MAX models, the MAX 10 incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets, the Boeing Sky Interior, large flight deck displays, and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.
The 737 MAX is the fastest-selling airplane in Boeing history.
GE Capital Aviation Services (GECAS), the aviation leasing and financing arm of GE, today (June 19) announced the launch of its 737-800NG passenger-to-freighter conversion program.
GECAS plans to convert up to 20 of its Boeing 737-800NG passenger aircraft to freighters (above).
AEI Aeronautical Engineers, Inc. will perform the conversions at its facilities in the U.S. and China. The first aircraft is scheduled for conversion starting in 2016 in order to earn FAA supplemental type certification (STC) in 2017 and subsequently enter service as a leased freighter.
Formed in 2000, GECAS’ Cargo Aircraft Group currently leases nearly 100 freighters to airline customers worldwide. Its fleet includes the 737, 767, 747 and 777 freighter models. In 2001, GECAS announced plans to convert Boeing 737-300 and -400 aircraft from its portfolio to freighter aircraft. In 2002, the passenger-to-freighter program expanded to include Boeing 767-200 models. In 2005, GECAS began converting Boeing 747-400s to freighters. In total, GECAS has leased over 60 converted freighters to air cargo carriers worldwide to help them expand or modernize their fleets.
All images by GECAS and AEI.
AEI already converts the Boeing 737-400 to freighters:
GE Capital Aviation Services (GECAS) (Stamford, CT), the aviation leasing and financing arm of General Electric, has announced a firm order for 60 Airbus A320neo Family aircraft including the A321neo at the 51st International Paris Air Show. GECAS has selected CFM’s LEAP-X engine for all 60 A320neo aircraft.
This new order brings the total number of A320 Family aircraft ordered by GECAS to 465, including 120 A320neo aircraft.
Bombardier Commercial Aircraft (Montreal and Toronto) has announced that lessor GE Capital Aviation Services (GECAS) has signed a firm purchase agreement for five Bombardier DHC-8-402 (marketed as the Q400) NextGen aircraft and has also taken options on an additional 10 Q400 NextGen aircraft.
Based on the list price of the Q400 NextGen aircraft, the firm order is valued at approximately $160 million US. The value could increase to $448 million US should GECAS exercise all its options.
GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, announced today an order for 40 737s. The order, with a list-price value of approximately $3.9 billion, consists of 20 737 MAX 8s and 20 Next-Generation 737-800s.
The follow-on order increases the GECAS order book for the 737 MAX to 95 airplanes and the 737NG to 387 airplanes, the most for both models by any company in the leasing industry.