Tag Archives: ge capital aviation services

GECAS orders 60 Airbus A320neo aircraft

GECAS A320neo (Flt)(Airbus)(LRW)

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.

GECAS logo

This new order brings the total number of A320 Family aircraft ordered by GECAS to 465, including 120 A320neo aircraft.

Image: Airbus.

GECAS orders five Bombardier Q400 turboprops

GECAS DHC-8-400 (Bombardier)(LR)

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.

Image: Bombardier.

Myanma Airways to lease six Boeing 737-800 and four 737-8 MAX aircraft from GECAS

Myanma 737-800 WL (89)(Flt)(GECAS)(LR)

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.

Image: GECAS.

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GECAS orders 20 737 MAX 8s and 20 Next-Generation 737-800s

GECAS logo

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.

Boeing delivers the first Boeing 777-300 ER to Kenya Airways

Boeing (Chicago) has delivered a 777-300 ER (Extended Range) to GE Capital Aviation Services (GECAS) for lease to Kenya Airways (Nairobi). The pictured 777-36N ER 5Y-KZZ (msn 41818) was handed over on October 24.

Kenya Airways’ 777-300 ER is configured with 400 seats, 28 in Premier World and 372 in Economy, and features USB ports, power sockets and an all-new in-flight entertainment system throughout the cabin. The airplane can fly up to 7,825 nautical miles (14,490 kilometers) and is equipped with GE90-115B engines, the world’s most powerful commercial jet engine.

Kenya Airways is set to take delivery of a further two 777-300 ERs, including an additional lease, as part of the carrier’s 10-year strategic plan dubbed ‘Project Mawingu.’ The Nairobi-based carrier plans to increase its fleet size from 44 airplanes to 107 by 2021 and destinations from the current 62 to 115. Currently the airline operates an all-Boeing long-haul fleet of four 777-200 ERs and six 767-300 ERs.

With this delivery, Kenya Airways is also working with Boeing to support the Alaskan Sudan Medical Project (ASMP) by carrying 10,400 lbs (4,717 kilograms) of humanitarian supplies on the 777-300 ER’s delivery flight to Kenya. ASMP will use the supplies to build medical clinics, drill water wells and construct bio-sand filters for clean water in the Jonglei region of South Sudan. The humanitarian cargo will also include water pumps and agriculture equipment to support local farmers, fulfilling the ASMP’s mission statement of saving lives through health, clean water and agriculture.

Kenya Airways operates a fleet of more than 25 Boeing airplanes including, 777s, 767s and 737s. The carrier serves more than 60 destinations across Asia, Africa, the Middle East and Europe and has nine 787 Dreamliners currently on order from Boeing.

Copyright Photo: Nick Dean/AirlinersGallery.com. Boeing 777-36N ER 5Y-KZZ (msn 41818) climbs beautifully from the runway at Paine Field near Everett.

Ethiopian Airlines: AG Slide Show

EVA Air takes delivery of its first Airbus A321 with Sharklets

EVA Air (Taipei) of Taiwan has taken delivery of its first Sharklet equipped Airbus A321 aircraft, on lease from GE Capital Aviation Services (GECAS). The aircraft was handed over during a ceremony in Hamburg attended by Chang Kuo Wei, Chairman of EVA Air, and Norman Liu, President and CEO of GECAS.

This A321 is the first of eight A321s with Sharklets that will be operated by EVA Air under lease agreement from GECAS.

Copyright Photo: Gerd Beilfuss/AirlinersGallery.com. Airbus A321-211 D-AVZG  (msn 5806) painted in the Star Alliance color scheme became B-16206 when it was handed over to the carrier on October 22.

EVA Air: AG Slide Show

GECAS finalizes its order for 10 Boeing 787-10s

GECAS 787-10 (GECAS)(LR)

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric (NYSE: GE), and Boeing announced they have completed an order for 10 787-10 Dreamliners. The order completes the commitment originally announced during the 2013 Paris Air Show in June and builds momentum in the airplane leasing market for the 787-10. The GECAS deliveries begin in 2019.

The new 787-10, launched in June 2013, will extend and complement the family, carrying 300 to 330 passengers up to 7,000 nautical miles (12,964 km) and accommodating more than 90 percent of the world’s twin-aisle routes. The 787-10 also will be 25 percent more fuel efficient than airplanes of its size today and more than 10 percent better than anything being offered by the competition for the future.

The 787-10 has 102 orders and commitments from five customers.

These 787-10s bring the total number of airplanes GECAS has ordered from Boeing to 598 since 1995, including 737s, 747s, 757s, 767s and 777s. To date, GECAS has taken delivery of 444 of the airplanes.

Image: Boeing and GECAS.

Boeing launches the 787-10, ALC, GECAS, IAG-British Airways, Singapore Airlines and United Airlines place orders

Boeing 787-10 Ad (Boeing)(LR)

Boeing (Chicago) announced today at the 2013 Paris Airshow that it has launched the 787-10 Dreamliner, the third member of the super-efficient 787 family. Commitments for 102 airplanes from five customers across Europe, Asia and North America provide a strong foundation to support development and production of the newest Dreamliner.

Customer launch commitments for the 787-10 include Air Lease Corporation, with 30 airplanes; GE Capital Aviation Services, with 10; International Airlines Group / British Airways, with 12 subject to shareholder approval; Singapore Airlines, with 30 and United Airlines, with 20 airplanes.

The new 787-10 will fly up to 7,000 nautical miles (12,964 km) — covering more than 90 percent of the world’s twin-aisle routes — with seating for 300-330 passengers, depending on an airline’s configuration choices. The second member of the family, the 787-9, is in final assembly in Everett, Wash., and is set to make its first flight later this year.

“The 787-10 Dreamliner will be the most-efficient jetliner in history. The airplane’s operating economics are unmatched and it has all the incredible passenger-pleasing features that set the 787 family apart as truly special,” said Boeing Commercial Airplanes President and CEO Ray Conner. “The 787-10 is 25 percent more efficient than airplanes of its size today and more than 10 percent better than anything being offered by the competition for the future.”

Design of the 787-10 has already started at Boeing, and international partners will be involved in detailed design in the months ahead. Final assembly and flight test of the 787-10 are set to begin in 2017, with first delivery targeted for 2018.

“Our ongoing investment in the 787 family is well-founded,” said Conner.  “With the 787-10, we’ve designed an exceptional airplane supported by an efficient and integrated production system that can meet increasing demands and create new opportunities for us. Our team and our customers are excited about growing the product line and expanding our presence with this family of airplanes.”

The 787 family’s unique interior offers passengers technologies that make their flights more enjoyable, including large, dimmable windows; cleaner air; higher humidity; lower cabin altitude; bigger stowage bins; soothing LED lighting and a smoother ride. The 787-10 will share a common type rating not only with the 787-8 and 787-9 but also with the popular Boeing 777, giving airlines additional flexibility in scheduling and training flight crews.

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United Airlines issued this statement:

United Airlines today increased its 787 Dreamliner order to 65 aircraft (including six previously delivered aircraft) with an order for 20 787-10s.United is the North American launch customer for the 787-10 and it expects delivery of its first aircraft in 2018. United ordered 10 incremental 787-10 aircraft and will convert 10 existing 787s on order to 787-10s, enabling the airline to further modernize its international widebody fleet by replacing older, less efficient aircraft. The advanced technology and composite construction of the 787 reduce fuel burn and carbon emissions, while providing a superior customer experience.

United is currently the only U.S. airline to operate the 787. United has six new 787-8 aircraft in service and had previous orders for an additional 49 Dreamliners consisting of both the -8 and -9 variants. The 787-10 is a stretched version of the 787-9 and will offer the lowest fuel burn per seat of any aircraft in its size category. The 787 offers up to 20 percent better fuel efficiency per seat than similarly sized aircraft, due in part to the more than 50 percent composite makeup of its structure. The 787 also boasts an enhanced inflight experience including larger windows, larger overhead bins and lower cabin altitude with enhanced ventilation systems that reduce the effects of jet lag.

The 787-10 order is the latest in United’s commitment to improve the efficiency of its fleet. In July of last year, United announced a narrowbody order for 100 Boeing 737 MAX 9 aircraft and 50 Boeing 737-900ER aircraft. In addition, United has an order for 25 Airbus A350 aircraft. The airline is also modernizing its United Express fleet by adding 70 76-seat Embraer aircraft that will be operated by United Express regional partners.

Images: Boeing.

Boeing 787-10 (Boeing)(LR)

Boeing, GECAS announce a commitment for 10 787-10X Dreamliners

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Boeing (Chicago) and GE Capital Aviation Services (GECAS) (Stamford), the commercial aircraft leasing and financing arm of General Electric (GE), announced today at the 2013 Paris Air Show a commitment to order 10 787-10X Dreamliners equipped with state-of-art GEnx engines, subject to the 787-10 program launch.

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.

“We have studied the capabilities Boeing is developing for the 787-10X and anticipate strong demand from our airline customers for this airplane,” said GECAS President and CEO Norman C.T. Liu. “The 787-10X will be a perfect complement to our broad portfolio of modern, fuel-efficient aircraft offering the lowest operating costs in the market.”

Boeing has been working closely with airline and leasing customers to define the key capabilities and features of 787-10X, which would be the third and largest member of the 787 family. The 787-10X under consideration would add approximately 15 percent passenger capacity over the 787-9 with superior fuel efficiency to serve medium and long-haul markets.

Once finalized, these 787s will bring the total number of airplanes GECAS has ordered from Boeing to 598 since 1995, including 737s, 747s, 757s, 767s and 777s. To date, GECAS has taken delivery of 444 of the airplanes.

Solaseed Air leases two Boeing 737-800s from GECAS

Solaseed Air (Miyazaki) (formerly SNA-Skynet Asia Airways) has leased two new Boeing 737-800s from GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE.

Solaseed Air operates a fleet of 14 aircraft to seven destinations in Japan.

Copyright Photo: Akira Uekawa. Boeing 737-81D WL JA801X (msn 39415) arrives in Tokyo (Haneda).

Solaseed Air Logo

Solaseed Air: AG Slide Show