Tag Archives: GECAS

West Atlantic to lease four 737-800 Boeing Converted Freighters from GECAS

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.

Image: GECAS.

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GECAS orders 20 Boeing 737 MAX 10s

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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.

Finnair sells and leases back two Airbus A350-900s with GECAS

First Airbus A350 in Oneworld livery

Finnair (Helsinki) has entered into a memorandum of understanding (MOU) with GE Capital Aviation Services Limited (GECAS), on the sale and leaseback of two Airbus A350-900 aircraft. The financing will cover Finnair’s 6th and 7th A350 deliveries, which are currently scheduled to enter the Finnair fleet in July 2016 and February 2017, respectively. The value of the transaction at present foreign exchange rates is approximately 265 million euro. The lease period is 12 years, and it includes extension options.

Finnair has ordered a total of 19 new A350-900 XWB aircraft in the fleet or on order. Finnair took delivery of its first A350 aircraft (OH-LWA) on October 7, 2015 and the second (OH-LWB, above) on December 14, 2015. According to the currently anticipated delivery schedule, Finnair will have five A350-900 aircraft at the beginning of the second quarter of 2016, seven by the end of 2016, 11 by the end of 2017, and 19 by the end of 2023.

Disclosures on financing arrangements for the A350 aircraft will be made as those agreements are finalized. Finnair’s fleet consists of both owned and leased aircraft.

Copyright Photo: Eurospot/AirlinersGallery.com. The second Finnair Airbus A350-941 (OH-LWB, msn 019) is also the first A350 to appear in the oneworld special livery.

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Virgin America to lease 10 Airbus A321neo aircraft from GECAS

 

GECAS logo

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, has announced it signed an agreement with Virgin America, Inc. (San Francisco), to lease 10 new Airbus A321neo aircraft powered by CFM’s LEAP-1A engines to expand the carrier’s fleet.

The first aircraft is scheduled for delivery in in the first quarter of 2017 and the remainder will deliver in 2017 and 2018. All 10 aircraft are part of GECAS’ existing orderbook with Airbus.

Virgin America A321neo (Airbus)(LR)

Image: Airbus.

The A321neo, featuring Airbus’ “Sharklets” and CFM’s LEAP-1A engines (above), delivers per seat fuel savings of up to 20 percent, and provide the best seat-mile costs of any single-aisle aircraft on the market.

Virgin America logo-1

Virgin America also made this announcement:

Virgin America has announced it has agreed to acquire 10 new state-of-the-art Airbus A321neo aircraft, which are up to 20 percent more fuel and carbon efficient than the airline’s current fleet and which will help further reduce operating unit costs and increase revenue opportunities. The 10 new A321neos (short for New Engine Option), which provide the best seat-mile costs of any single-aisle aircraft on the market, are slated for delivery beginning in the first quarter of 2017 continuing through the third quarter of 2018, and will be leased from GE Capital Aviation Services (GECAS).

With this delivery schedule, Virgin America is expected to be among the first airlines globally to operate A321neo aircraft powered by CFM International LEAP-1A engines. The new neo engine option significantly reduces noise levels, with half the noise footprint compared to the ceo engine option[1]. The aircraft will come equipped with fuel-saving Sharklet wingtip devices, similar to the equipment on the airline’s most recent aircraft deliveries, which began service in fall 2015, and the aircraft promise nitrogen oxide (NOx) emissions that are 50 percent below regulatory limits outlined by the Committee on Aviation Environmental Protection (CAEP). In addition, the aircraft promise to deliver up to 20 percent reduced fuel burn over current generation aircraft per seat, which is equivalent to cutting 5,000 tons of CO2 emissions per plane every year.

In addition to their environmental and sustainability benefits, the new A321neos will position Virgin America to take advantage of new revenue opportunities and further improve its unit costs. With its stretched fuselage and cabin innovations, the aircraft allows for more seating capacity without sacrificing the award-winning guest experience the airline has become known for over the past eight years. The aircraft will be configured for Virgin America to include 185 total seats, roughly 24 percent more seating capacity than the airline’s existing A320 aircraft. The A321neo has a similar configuration to – and will feature 95 percent airframe commonality with – other aircraft in the Airbus A320 Family, thereby ensuring a seamless fit into Virgin America’s existing fleet of A320s and A319s. By operating a single fleet type, Virgin America is able to avoid the costs and added operational complexity that come with maintaining different fleet types.

 

This announcement by Virgin America reinforces the airline’s commitment to sustainability and minimizing its carbon footprint by investing in the latest aircraft and engine technologies. Virgin America maintains a relatively young fleet that, even prior to the addition of these new, greener A321neos, is already 15 percent more fuel efficient than the U.S. industry average. Recently, Virgin America joined forces with NASA to test new software created by the space agency that will help reduce fuel consumption and carbon emissions. The technology connects to existing cockpit systems and allows for easier, more automatic route optimization, which could eventually help Virgin America use up to 1.4 million fewer gallons of fuel every year. Virgin America was also the first U.S. airline to document its carbon footprint via the Climate Registry’s accepted standards.

Furthering its green credentials, in 2011, Virgin America opened its sleek and energy-efficient new home at San Francisco International Airport’s Terminal 2 (T2). The Terminal achieved LEED® Gold-certification, and Virgin America’s T2 office spaces in 2012 achieved the highest possible LEED® Platinum-certification. Both the Gold and Platinum levels are the first such certifications for a major commercial airport in the U.S. The airline’s Burlingame, California Headquarters has a LEED®-certified Silver standard and has an Energy Star Rating of 87 out of 100.

Virgin America currently operates a fleet of 58 Airbus A320 Family aircraft comprised of A319 and A320 aircraft equipped with original “ceo” engine options. By mid-2016, Virgin America will have taken delivery of five additional A320ceos, bringing the total size of Virgin America’s fleet to 63 aircraft before the new A321neos begin to arrive in 2017.

 

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GECAS to convert up to 20 Boeing 737-800 passenger aircraft to freighters

AEI 737-400 freighter

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 logo

GECAS 737-800 WL (GECAS)(LR)

GECAS plans to convert up to 20 of its Boeing 737-800NG passenger aircraft to freighters (above).

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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.

AEI freighter conversion

All images by GECAS and AEI.

AEI already converts the Boeing 737-400 to freighters:

AEI 737-400F freighter conversion data sheet (AEI)

 

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.

Myanmar National Airlines takes delivery of its first Boeing 737-800, painted in a new livery

Myanmar National Airlines (formerly Myanma Airways) (Yangon) and Boeing (Chicago, Seattle and Charleston) yesterday (June 11) celebrated the delivery of the airline’s first Next-Generation 737-800 leased from GE Capital Aviation Services (GECAS), the commercial aircraft leasing arm of GE. The celebration also marked the first all-new Boeing airplane to be delivered to any Myanmar-based airline.

The airplane is the first to feature Myanmar National Airlines’ new livery and interior, and the airline plans to expand its network outside Myanmar with the introduction of its 737.

“Our new 737 will allow us to expand our network to international markets and offer an even better experience for our passengers,” said Myanmar National Airlines CEO Than Tun. “Investing in new technology aircraft such as the 737 will ensure Myanmar National Airlines continues to be the pride of the country and positions us for future success.”

Myanmar National logo

Myanmar National Airlines, previously Myanma Airways (below), has the most extensive route network within Myanmar, serving more than 25 domestic locations, and is headquartered in Yangon.

Copyright Photo above: Richard Vandervord/AirlinersGallery.com. Myanma Airways Embraer ERJ 190-100 IGW XY-AGP (msn 19000154) taxies at Yangon.

 

Founded in 1948 as Union of Burma Airways (below), the flag carrier is also one of Asia’s pioneering airlines.

Copyright Photo above: Christian Volpati/AirlinersGallery.com. Union of Burma Airways Boeing 727-193 XY-ADR (msn 19620) is pictured at Hong Kong.

Top Photo: Boeing. The formal ceremonies of the handover of Myanmar National Airlines new Boeing 737-86N XY-ALB (msn 43405) at Seattle’s Boeing Field via GECAS.

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