New Delhi, June 13, 2005 - GE Commercial Aviation Services (GECAS), a unit of GE Commercial Finance, today announced the opening of a new office in New Delhi to better serve airline customers in India. GECAS is a leading provider of fleet, financing and productivity solutions to the global aviation industry.
"The aviation industry in India is poised for tremendous growth and we've set up a local office there to be closer to our customers," said Norman Liu, Executive Vice President, commercial operations for GECAS.
GECAS completed its first lease in India in 1996 and has leased and financed aircraft with Jet Airways, Air India and Indian Airlines. Currently, GECAS leases 11 aircraft to airline customers in India.
GECAS's presence in New Delhi will be represented by Tejpreet S. ("T.P.") Chopra, Vice President , Marketing. A native of India, Chopra has worked at GECAS in Stamford, Connecticut since 1996 in various marketing, risk management and structured finance positions. He holds a bachelor's degree from Delhi University and an MBA from Cornell University.
GE Commercial Aviation Services (GECAS), a unit of GE Commercial Finance, is the commercial aircraft financing and leasing business of General Electric Co. With long-standing customer relationships with more than 200 airlines in some 60 countries, GECAS has a fleet of more than 1,300 owned aircraft and offers a full range of aircraft fleet, financing and productivity solutions, including operating leases, secured debt financing, engine leasing, spare parts financing and management, and pilot training. GECAS has offices in 22 cities worldwide. For more information, visit the company's web site at www.gecas.com
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