Tag Archives: GECAS

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

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.

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

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.

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:

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.

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.