GECAS Celebrates Its 50 Year Legacy in Aviation Finance

Sept. 12, 2017
GECAS entered into the first lease agreement in September 1967 for three DC 9-30s to Allegheny Airlines.

September 12, 2017, Shannon Ireland

September 2017 marks the 50th anniversary of the first aviation finance transaction ever entered into by GE, with the signing of a lease agreement for three DC 9-30s to Allegheny Airlines in 1967. GECAS is proud to have become the premier aviation financier with the largest aircraft fleet of any lessor, the largest and most global team in the industry, serving the largest range of customers in aviation.

While we are excited to celebrate this milestone, we are keenly aware that our success over the years is a result of the patronage and trust of our customers, the collaboration of our partners and the dedication of our employees. GECAS acknowledges and thanks all of those who have supported us through the decades and we look forward to the years ahead with tremendous enthusiasm.

GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing.  With 50 years of aviation finance experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, regional jets, turboprops, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting.  GECAS owns or services a fleet of over 1,950 aircraft (1,660 fixed wing/ 306 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves ~264 customers in over 75 countries from a network of 26 offices.