SINGAPORE, SEPTEMBER 28, 2012 – GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, today announced the opening of a new distribution warehouse in Singapore for its Asset Management Services (AMS) business. This new facility, coupled with the expansion of the regional sales team in Singapore, reinforces GECAS AMS’ commitment to grow its business in Asia.
GECAS AMS, headquartered in Memphis, Tennessee, is one of the largest worldwide distributors of recertified aviation components for Airbus, Boeing, and Bombardier aircraft. With an inventory of more than 90,000 aircraft parts, in-house optimization tools and 24/7 service, GECAS AMS is a proven partner to manage the rotable needs of its customers’ fleets.
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)
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
Today, GECAS leases nine aircraft to the carrier, which operates domestic passenger service from its base in the capital of the Sichuan Province.
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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.