SAO PAULO, August 26, 2013 – GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced it delivered an eighth new ATR72-600 to Brazil’s Azul Linhas Aéreas Brasileiras S/A. This leased aircraft came from GECAS’ existing order book with ATR.
Three of the new ATRs leased to Azul came from GECAS’ order book. Five of the ATRs came from Azul’s order book with the manufacturer and were part of a purchase-and-leaseback transaction with GECAS.
Azul operates a fleet of some 118 aircraft to more than 103 destinations.
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 1,660 owned and serviced aircraft with over 230 airlines. 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, airport and airline consulting services, and spare parts financing and management. GECAS, a unit of GE Capital, has offices in 24 cities around the world, and services customers in over 75 countries. (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.
It has opened a new office in Nairobi, Kenya, to serve airline customers in eastern Africa.
GE Capital Aviation Service's Asset Management Services Business Opens Distribution Warehouse in Singapore
This new facility, coupled with the expansion of the regional sales team in Singapore, reinforces GECAS AMS’ commitment to grow its business in Asia.