Farnborough UK, 16 July 2018 - GECAS welcomed Hongtu Airlines’ to the GE Pavilion in Farnborough to commemorate the agreement to lease four A320neo’s from GECAS’ skyline orderbook when they enter service beginning in the first quarter of 2019.
Headquartered in the Yunnan Province’s capital of Kunming, Hongtu Airlines launched operations in May 2016 and presently operates a fleet of four Airbus aircraft.
“GECAS is delighted to partner with Hongtu Airlines as they look to expand their operations,” shared Alec Burger, GE Capital President, and GECAS President and CEO. “These new-technology aircraft, incorporating CFM Leap-1A engines, optimize fuel consumption while doubling Hongtu’s fleet and their capacity to serve their customers. As Hongtu Airlines grows, we wish them every success and we look forward to deepening our relationship with the carrier.”
“By leveraging the GECAS orderbook, Hongtu Airlines will be able to better serve our passengers with the latest technical and comfort enhancements as well as expand our operations to meet the needs of our travelers within China,” said Gang Liu, CEO of Hongtu Airlines.
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, and airframe parts management. GECAS owns or services a fleet of more than 1,900 aircraft (1,552 fixed wing/ 350 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~320 aircraft. GECAS serves ~250 customers in over 75 countries from a network of 25 offices. www.gecas.com
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About Hongtu Airlines
Established in 2014, Hongtu Airlines is fully supported by its parent company Tongcheng Group, the 2nd largest Online Travel Agency (OTA) in China. Currently, Hongtu Airlines operates 4 narrow body aircraft and plans to expand the fleet to 20 aircraft around 2020. Being the youngest airline in China, Hongtu Airlines represents the emerging force in China, one of the most dynamic air travel markets. It pioneered the business mode as traditional airline plus internet, which is to lead the trend of ‘Sharing, cooperation, open-up and development. Hongtu Airlines is committed to be the first ‘Internet and Boutique’ airline in China, sharing pleasant journey, sharing the sky and sharing the world with customers and partners.