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Press Release

GE Capital Aviation Services Completes Purchase and Leaseback with Philippine Airlines for two Airbus A321s

September 22, 2014

SHANNON, Ireland, September 22, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced the completion of a purchase-and-leaseback transaction with Philippine Airlines involving two new Airbus A321 aircraft. The two aircraft -- one delivered in August, and the other earlier this month -- will be used to expand the airline's fleet.

Philippine Airlines, the flag carrier of the Philippines, operates a fleet of some 50 aircraft to more than 40 destinations.

GECAS News

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Press Release

GE Capital Aviation Services Completes Purchase-and-Leaseback Deal with TUI Travel for Two GEnx Engines

September 16, 2014

SHANNON, Ireland, September 16, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced that its engine leasing unit completed a purchase-and-leaseback transaction with TUI Travel for two new GEnx engines. The engines will be used as spares to support the TUI Travel airlines' Boeing 787 fleet.

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GE Capital Aviation Services Expands Turboprop Fleet with Purchase and Leaseback of Two Bombardier Q400 NextGen Aircraft with Nok Air

September 03, 2014

SHANNON, Ireland, September 3, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, announced it added a new aircraft type to its owned fleet with the completion of a purchase-and-leaseback transaction with Nok Air involving two new Bombardier Q400 NextGen turboprops.

The first aircraft delivered to Nok Air on 26 August 2014 and the second is scheduled for delivery in September.

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Press Release

Hudson Valley Community College to Pilot GE Solid Oxide Fuel Cell Technology

August 26, 2014

GE -- Fuel Cells to install and operate 50kW class fuel cell power generation

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Press Release

GE Capital Aviation Services Delivers Leased Airbus A320 to New Customer VietJet Air

August 25, 2014

SHANNON, Ireland, August 25, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced delivery of a leased Airbus A320 aircraft to its new airline customer VietJet Air.

VietJet Air, a private, low-cost carrier, operates a fleet of 15 aircraft to destinations in Vietnam as well as Singapore, South Korea and Thailand.

GECAS News

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Press Release

GE Capital Aviation Services Completes Purchase and Leaseback of Airbus A330-300 with Philippine Airlines

August 21, 2014

SHANNON, Ireland, August 21, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced completion of a purchase-and-leaseback transaction with Philippine Airlines involving a new Airbus A330-300 aircraft.

Philippine Airlines, the flag carrier of the Philippines, operates a fleet of some 50 aircraft to more than 40 destinations.

GECAS News

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Press Release

GE CEO Jeff Immelt Makes Statement Regarding Synchrony Financial IPO

July 31, 2014

FAIRFIELD, Conn. - July 31, 2014 - GE [NYSE: GE] Chairman and CEO Jeff Immelt made the following statement today:

“Today, we successfully executed the IPO of our North American Retail Finance business, Synchrony Financial. This is an exciting time for the Synchrony Financial team, and we are proud to be SYF shareholders.

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GE Technology Enables More Vibrant Display in Tablets, Smartphones, and Televisions

July 24, 2014

Research breakthrough will vastly improve color and crispness of images on LED devices

NISKAYUNA, NY, July, 24, 2014 -- GE announced today a research breakthrough that will vastly improve the color and crispness of images displayed on LED devices -- everything from cell phones and tablets to televisions. Scientists at GE Lighting and GE Global Research developed a phosphor powder that, when packaged inside an LED, push the picture quality of LED electronics to new heights.

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Press Release

EVA Airways To Lease Six New Boeing 777-300ERs from GE Capital Aviation Services

July 24, 2014

TAIPEI, Taiwan, July 24, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing unit of GE, has signed an agreement to lease four Boeing 777-300ER aircraft to EVA Airways, following a lease of two B777-300ER aircraft in February 2014. Delivery of the six aircraft is scheduled for 2016 and 2017. The B777-300ERs will modernize EVA's long-range fleet with high fuel-efficiency, more payload capabilities and additional flexibility in serving the nonstop routes stemmed from Taipei, Republic of China.

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GE Reports 2Q'14 Operating EPS $0.39, +8% 2Q Industrial Organic Revenues +5%; Segment Profit +9% 2Q Operating Margins Up 20 Basis Points Backlog of $246B, Up $23B from Year-Ago Retail Finance IPO Targeted for End of July Total-Year Framework on Track

July 18, 2014

2Q Highlights

  • 2Q operating EPS $0.39, +8%
  • 2Q Industrial segment revenues +7%
  • Growth market orders +14%, revenues +6%
  • Services orders +14%, revenues +5%
  • 1H margins +30 bps vs. year-ago
  • Cash generation of $3.4 billion year-to-date, including $1.4 billion GECC dividend
  • GE Capital ENI (excluding cash and equivalents) at $371 billion, down 5% vs. year-ago

2Q Highlights

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