Tag Archives: ge capital aviation services

FlyMe takes delivery of its first new ATR 72-600 from GECAS

FlyMe (Villa Air) (Maamigili and Mahe) has taken delivery of its first ATR 72-600 (8Q-VAS, msn 1069). GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced the delivery of a new ATR 72-600 aircraft leased to FlyMe, the Maldives carrier operated by Villa Air.

The aircraft comes from GECAS’ existing order book with ATR.

FlyMe currently operates two 50-passenger ATR 42-500s on routes within the Maldives.

Villa Air was incorporated in 1997 by the Chairman of Villa Group, Qasim Ibrahim, with a vision to develop an airport and an airline owned by Villa Group. Following the incorporation the company embarked on two major projects to simultaneously develop an airport in the island of Maamigili in South Ari Atoll – the biggest tourism precinct in the Maldives and establish an airline that will be operated from the airport as its main base.

FlyMe commenced service between Villa Airport Mamigili (VAM) and Ibrahim Nasir International Airport on October 1, 2011.

Copyright Photo: Eurospot. ATR 72-600 F-WWEF (msn 1069) completes a test flight at a cloudy Toulouse. The turboprop became 8Q-VAS on the hand over.

Juneyao Airlines to lease five Airbus A320s and two A321s from GECAS

GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced it will lease five new Airbus A320 aircraft and two new A321 aircraft to Juneyao Airlines (Shanghai) to expand the airline’s fleet.

GECAS delivered the first two A320 aircraft in September and October. The remaining A320s are scheduled for delivery in 2013 and the two A321s are scheduled for delivery in 2014. All seven aircraft come from GECAS’ existing order book with Airbus.

Juneyao started operations in 2006 as one of China’s privateairlines. Today it operates a fleet of more than 30 aircraft to some 50 destinations in China, serving mainly business travelers between Shanghai and the manufacturing region of the Pearl River Delta.

China Airlines to lease four new Boeing 777-300 ERs from GECAS, orders six from Boeing

GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced today it will lease four new Boeing 777-300 ERs to China Airlines (Taipei). This is a new aircraft type for CAL.

The first aircraft is scheduled for delivery in 2014 to modernize the airline’s long-haul wide-body fleet. All four leased aircraft come from GECAS’ existing order book with Boeing.

In addition, on December 21, Boeing and China Airlines announced an order for six 777-300 ERs (Extended Range) airplanes. The order is valued at approximately $2 billion at list prices.

Taiwan’s flag carrier is in the midst of renewing its long-haul fleet and plans to operate the new 777-300 ERs on new trans-Pacific flights between North America and Asia.

In November 2011, GECAS announced it will lease four new Airbus A330-300 aircraft to China Airlines. Delivery of the first two aircraft from GECAS’ existing order book with Airbus was in October and December 2012.

In addition to the four A330-300s and four 777-300 ERs scheduled for delivery in the next three years, GECAS currently leases eight Embraer ERJ 190s to Mandarin Airlines (Taipei), a subsidiary of China Airlines.

Founded in 1959, China Airlines is a full-service flag carrier of Taiwan, operating a fleet of 72 regional and international aircraft to over 112 destinations in 28 countries across Asia and to Oceania, Europe and the U.S.

Copyright Photo: Stephen Tornblom. The new Triple Sevens will partially replace the older Boeing 747-400s. Boeing 747-409 N168CL (msn 29906) taxies across the apron at New York’s JFK International Airport.

China Airlines:

Boeing, GECAS finalize order for up to 100 737 MAXs and Next-Generation 737s

Boeing (Chicago) and GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric (Stamford), finalized a firm order for 85 737s, which includes 75 737 MAX 8s and 10 Next-Generation 737-800s. The order, first announced as a commitment at the Farnborough Airshow in July, allows for up to 15 additional 737-800s.

The order, worth $6 billion at list prices, further illustrates both the strength of the 737 MAX and the continuing strong demand for the Next-Generation 737 in the airplane-leasing industry. To date, 821 737 MAX airplanes have been ordered.

With this order, GECAS has ordered 580 airplanes directly from Boeing since 1995, which includes 737s, 747s, 757s, 767s and 777s. To date, GECAS has taken delivery of 433 of the airplanes.

Image: GECAS.

Myanma Airways to lease two Embraer ERJ 190s from GECAS

Myanma Airways (formerly Burma Airways and Union of Burma Airways) (Yangon), as the flag carrier of Myanmar, will acquired two Embraer ERJ 190s under a lease agreement with GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE. The aircraft are the first modern 100-seater jets to be introduced in the country. The E190s will be delivered in November and December 2012.

Each E190 is configured with 100 seats in a single class layout. The two E-Jets are part of the airline’s fleet modernization plan. In addition to deployment on domestic routes, the E190’s 2,400 nm (4.448 km) range gives Myanma Airways the capability to fly to new Asian destinations as the flag-carrier of Myanmar.

At the end of 2012, the airline will launch international flights as the national flag carrier of Myanmar.

Image: Embraer.

Allegiant finalizes its agreement with GECAS to lease 9 Airbus A319s from GECAS, the first is due in November

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, announced today it has signed agreements to lease nine Airbus A319 aircraft to Allegiant Air (Las Vegas) to expand the carrier’s current fleet. All nine aircraft are powered with CFM56-5B engines.

The first aircraft is scheduled for delivery to Allegiant in November 2012, with the remaining scheduled for delivery through 2015.

Previously on July 30, 2012 Allegiant 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). This new signed contract moves up the delivery date of the first A319.

Image: Allegiant Air/Globe Newswire.

Allegiant Air:

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.

Northern Air Cargo leases its second Boeing 737-300 freighter

Northern Air Cargo-NAC (Anchorage) on June 18 leased its second Boeing 737-300 freighter. Boeing 737-301 (SF) N361NC (msn 23260) was formerly operated by Bluebird Cargo as TF-BBI.

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, leased the freighter to NAC, a new customer for GECAS.

The aircraft will be used to upgrade and expand Northern Air Cargo’s fleet.

Privately held Northern Air Cargo operates scheduled freight service to destinations in Alaska and the Pacific Northwest as well as charter freight service to other locations throughout North America. The carrier operates a fleet of five cargo aircraft.

Copyright Photo: TMK Photography. The pictured Boeing 737-301 (SF) N360WA (msn 23553) was the first, delivered on October 28, 2010.

NAC-Northern Air Cargo: