PARIS--June 15, 2015--GE Capital Aviation Services (GECAS), the aviation leasing and financing arm of GE (NYSE: GE), today announced a firm order for 60 Airbus A320neo family aircraft. All of the aircraft will be powered by CFM’s LEAP-1A engine.
“We continue to see demand from our customers for reliable and fuel-efficient narrow body aircraft like the A320neo and this order positions GECAS to meet that demand,” said Norman C.T. Liu, President and CEO of GECAS.The agreement was jointly announced today by GECAS President and CEO Norman C.T. Liu and Airbus Chief Operating Officer, Customers John Leahy. This new order brings the total number of A320neo aircraft ordered by GECAS to 120.
“GECAS’ order for more of our best-selling A320neo aircraft underscores the continuing strong market demand for these innovative, fuel-efficient and productive aircraft. These undisputed credentials make the A320neo an irresistible investment for leasing companies like GECAS who are committed to offering their customers products which deliver a solid return on investment,” said John Leahy, Airbus Chief Operating Officer, Customers. “The unmatched, low operating costs and proven high dispatch reliability of the A320 Family make it a strong asset in GECAS’ portfolio.”
About GE Capital Aviation Services (GECAS)
GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing. With over 45 years of experience, GECAS offers a wide range of aircraft types including narrowbodies, widebodies, regional jets/props, 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 2,200 aircraft (1,900 fixed wing/300 rotary wing) in operation or on order, plus provides loans collateralized on an additional 400 aircraft. GECAS serves over 270 customers in over 75 countries from a network of 24 offices. www.gecas.com
GE (NYSE:GE) imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world. (www.ge.com)