GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, has announced at a press conference prior to the 2014 Singapore Air Show, it has signed a contract with Myanma Airways (formerly Union of Burma Airways) (Yangon), the flag carrier of Myanmar, to lease 10 new Boeing narrow bodies. Deliveries of the new leased aircraft are scheduled to begin in June 2015 and come from GECAS’ existing order book with Boeing. The contract calls for six Boeing 737-800 models and four Boeing 737-8 MAX models. The aircraft will be delivered through 2020.
Established in 1948 as Union of Burma Airways, Myanma Airways is the state-owned airline of Myanmar, currently serving all major domestic destinations from its main base at Yangon International Airport.
This is a major expansion for the flag carrier as the country begins to blossom under new civilian leadership.
Myanma Airways currently operates a pair of Embraer 190s (also leased from GECAS) and a diverse turboprop fleet of ATR 42s and 72s, Beech 1900s, Cessna 208B Grand Caravans and Xian MA60s.
Virgin Australia Airlines (Brisbane) today (July 5) announced an agreement with Boeing to order 23 Boeing 737 MAX 8 aircraft, the first in Australia.
The fuel-efficient aircraft will join Virgin Australia’s fleet between 2019 and 2021. The agreement includes four additional delivery options, ensuring flexibility to respond to market conditions.
To align with its current capacity plan for the next three years, Virgin Australia has delayed the delivery of some of its Boeing 737NG aircraft to after 2016, leaving 31 scheduled deliveries of Boeing 737-800 aircraft between 2013 and 2016. This gives the airline flexibility to develop the appropriate mix of narrow-body and wide-body aircraft.
Virgin Australia expects that by the end of 2013, all of its Boeing 737-700 aircraft will have exited the fleet.
Copyright Photo: Micheil Keegan. Virgin Australia will now center its narrow body fleet around the Boeing 737-800.