GE Capital Aviation Services Delivers First of Two New Leased Boeing 787-9s to Air Canada as Part of Purchase-and-Leaseback T...
01 June 2016 - 2:20AM
Business Wire
GE Capital Aviation Services (GECAS), the commercial aircraft
leasing and financing arm of GE, today announced delivery of a new
leased Boeing 787-9 aircraft powered by General Electric GEnx
engines to Air Canada as part of a purchase-and-leaseback
transaction with the airline.
A second new 787-9 aircraft is scheduled for delivery to Air
Canada in June. Both aircraft are part of Air Canada’s order book
with Boeing. Air Canada placed an order for 37 Boeing 787s and this
delivery represents their 20th 787 to join the fleet.
“Air Canada is a longstanding GECAS customer and we are
delighted to support its fleet renewal program with our first
leased 787-9,” said Alec Burger, president and CEO of GECAS.
"GECAS has been a strong partner of Air Canada’s on many fleet
financing opportunities over the years and this is the latest
example of our successful partnership," said Michael Rousseau,
Executive Vice President and Chief Financial Officer, Air
Canada.
Air Canada is Canada's largest domestic and international
airline serving more than 200 airports on six continents. Canada's
flag carrier is among the 20 largest airlines in the world and in
2015 served more than 41 million customers. A founding member of
Star Alliance, Air Canada (including Air Canada rouge) currently
operates a fleet of some 210 aircraft.
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
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 2,000 aircraft (~1,784 fixed wing/ ~246 rotary wing)
in operation or on order, plus provides loans collateralized on an
additional ~380 aircraft. GECAS serves over 270 customers in 80
countries from a network of 26 offices. www.gecas.com
GE (NYSE: GE) is the world’s Digital Industrial
Company, transforming industry with software-defined
machines and solutions that are connected, responsive and
predictive. GE is organized around a global exchange of
knowledge, the "GE Store," through which each business shares and
accesses the same technology, markets, structure and intellect.
Each invention further fuels innovation and application across our
industrial sectors. With people, services, technology and scale, GE
delivers better outcomes for customers by speaking the language of
industry. www.ge.com
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GE CapitalAviation ServicesDan Whitney, +1-203-842-5229Vice
President, Global Communicationsdan.whitney@ge.com
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