SHANGHAI, June 4, 2012 – GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced delivery of a leased Airbus A320 to Chengdu Airlines to expand the airline’s fleet.
GECAS was one of the first lessors to work with the airline, which started operations as United Eagle Airlines in 2005. Today, GECAS leases nine aircraft to the carrier, which operates domestic passenger service from its base in the capital of the Sichuan Province.
About GE Capital Aviation Services (GECAS)
GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,710 owned and managed aircraft with approximately 235 airlines in over 75 countries. GECAS offers a wide range of aircraft types and financing options, including operating leases and secured debt financing, and also provides productivity solutions including spare engine leasing, spare parts financing and management. GECAS, a unit of GE Capital, has offices in 24 cities around the world. (www.GECAS.com)
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The engine order is valued at $840 million U.S. at list price and the aircraft are scheduled to begin delivery in 2012.