Category Archives: GECAS

Tyrolean Airways to lease two Airbus A320s from GECAS

GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced it will lease two Airbus A320-200 aircraft to a new customer, Tyrolean Airways (Innsbruck).

Tyrolean Airways is now responsible for operating all Austrian Airlines flights. Austrian Airlines (Vienna) has become virtually a marketing name rather than an operating airline. Only one aircraft for legal reasons has been retained on the Austrian certificate. Otherwise all other Austrian aircraft and personnel have been shifted to lower-cost Tyrolean. Tyrolean is also dropping the Austrian arrow name.

The aircraft are scheduled for delivery in early 2013 and will expand the existing fleet to around 80 aircraft.

Austrian Airlines Slide Show:

Allegiant to add Airbus A319s

Allegiant Air (Las Vegas) today (July 30) announced its intention to lease nine Airbus A319 aircraft from GE Capital Aviation Services (GECAS) and to lease and eventually purchase ten Airbus A319 aircraft from Cebu Pacific Air (Manila). The introduction of the A319 aircraft will support Allegiant’s growth opportunities.

Allegiant plans to have the first two of these aircraft in operation in the second quarter of 2013.

Allegiant currently operates 58 MD-80 aircraft, four Boeing 757-200 aircraft and owns an additional two Boeing 757-200 aircraft.

Top Image: Allegiant Air/Globe Newswire.

Bottom Copyright Photo: Gerd Beilfuss. The Cebu Pacific Air A319s are relatively new. The pictured A319-111 D-AVYG (msn 2556) became RP-C3189 on delivery on September 23, 2005. Cebu currently operates 10 A319s and will concentrate its fleet around the larger A320.

Allegiant:

Cebu Pacific Air:

GECAS signs a commitment for 75 737 MAX 8s and 25 737-800 NGs

Boeing (Chicago) announced at the Farnborough International Airshow a commitment by GE Capital Aviation Services (GECAS) (Stamford), the commercial aircraft leasing and financing arm of General Electric, to purchase 75 737 MAX 8s and 25 Next-Generation 737-800s. The commitment builds on the momentum for the 737 MAX.

Boeing looks forward to working with GECAS to finalize the details of the agreement, at which time the airplanes will be posted to the Boeing Orders & Deliveries website as a firm order.

GE Capital Aviation Services to lease 10 new Boeing 737-800s to China Southern Airlines in 2014

GE Capital Aviation Services Limited (GECAS) (Stamford, CT), the commercial aircraft leasing and financing arm of GE, announced it will lease 10 new Boeing 737-800 aircraft to China Southern Airlines (Ghangzhou) as part of the airline’s fleet renewal program.

The 10 aircraft come from GECAS’ existing order book with Boeing and are scheduled for delivery in 2014.

China Southern has been a GECAS customer since the early 1990s. It is one of the largest airlines in Asia with a fleet of more than 400 aircraft flying to more than 200 destinations.

China Southern:

GECAS places order for two additional ATR 72-600s

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, and ATR announced an order for two additional ATR 72-600 turboprop aircraft, and two options.

This is a follow-on to GECAS’ first-ever ATR order placed in June 2011 at the Paris Air Show and brings the total number of ATRs ordered by GECAS to 17 with 17 options. GECAS will begin to take delivery of the new aircraft in late 2012.

GECAS has leased three of its newly ordered ATR 72-600s to Brazilian regional carrier TRIP Linhas Aéreas and has signed with Jet Airways in India for another five units.

GECAS orders six additional Embraer ERJ 190s

GECAS (GE Capital Aviation Services) has signed a contract with Embraer for six firm orders and six options of the Embraer ERJ 190, with the right to convert to the Embraerr ERJ 195. The total value of the deal, which will be included in Embraer’s fourth quarter of 2011 backlog, is $256.8 million, at list price, and could double, if all options are confirmed. Delivery of these aircraft will begin in the fourth quarter of 2012.

This new contract expands on the agreement for two Embraer ERJ 190 jets, announced last June during the Paris Air Show, which is included in Embraer’s third quarter of 2011 backlog. GECAS presently has 93 E-Jets of all models on lease with 15 airlines around the world, and its portfolio now comes to 101 E-Jets.

GECAS orders two Boeing 747-8 freighters and eight 777-300 ERs

Boeing 747-8R7F N747EX (msn 35808) SBD (Michael B. Ing), originally uploaded by Airliners Gallery.

Boeing (Chicago) announced an agreement today (June 21) at the Paris Air Show that GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, will purchase two 747-8 Freighters and eight 777-300 ERs (extended range). The 747-8 Freighter is a new model for the GECAS portfolio of airplanes.

GECAS orders 15 ATR 72-600s

GE Capital Aviation Services (GECAS) has ordered 15 ATR 72-600s and also taken out 15 options. GECAS has also ordered a pair of Embraer ERJ 190s.

GECAS orders 60 Airbus A320neos

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, has announced a firm order for 60 A320neo Family aircraft at the 49th Paris Airshow at Le Bourget Airport. GECAS has selected CFM’s LEAP-X engine for all 60 A320neo aircraft.

The deal was signed today by Norman C.T. Liu, President and CEO of GECAS and John Leahy, Airbus Chief Operating Office Customers. This new order brings the total number of A320 Family aircraft ordered by GECAS to 390.

Image: Airbus.

GECAS finalizes its order for 10 Boeing 777-300 ERs

Boeing (Chicago) and GE Capital Aviation Services (GECAS) finalized an order for 10 777-300 ER (extended range) airplanes. The order is worth approximately $2.8 billion at list prices.

GECAS has now ordered 53 777s, including 41 777-300 ERs.