SHANNON Ireland and NEW YORK, April 18, 2019
GECAS and Oz Management (NYSE: OZM) (“Oz”) announced today the closing of STARR 2019-1. In this transaction GECAS is selling twenty in-production Boeing and Airbus narrowbodies to START II Ltd. With an average aircraft age of less than six years, the diversified portfolio includes aircraft currently on lease to 13 airlines in 11 countries and has total appraised value of approximately $589mn.
GECAS has delivered AEI’s inaugural passenger-to-freighter converted 737-800 to Ethiopian Airlines, national flag carrier of Ethiopia. Completing the conversion of the prototype aircraft in December, Aeronautical Engineers Inc (AEI) has now received the supplemental type certification (STC) from the US Federal Aviation Administration for their 737-800SF.
Mobile, AL, December 21, 2018
GECAS delivered it’s eleventh A320 neo to Frontier via Sale-Leaseback (with commitments for an additional five in 2019). The initial delivery in October 2017 marked Frontier’s first neo and subsequent deliveries make Frontier the first operator of a Leap-powered A320neo to be delivered out of Mobile, AL. GECAS previously financed nine A321ceos with Frontier. The additional sixteen A320neo’s signify GECAS’ commitment and long-term relationship with the airline.
Luxembourg, November 1, 2018
GTLK Europe has concluded a $340 million refinancing debt facility secured by a portfolio of 14 aircraft. The portfolio includes 5x A321-200s, 6x B737-800 and 3x A319s leased to Aeroflot, Globus, Germania and Bulgarian Eagle.
PK AirFinance, a GECAS company, was the mandated lead arranger of the transaction and provided the financing together with Credit Agricole CIB acting as co-arranger of the loans secured by the Aeroflot aircraft. PK AirFinance also acted as Agent and Security Trustee of the facility.
Shannon Ireland, Oct 23, 2018 - GECAS today announced the signing of a lease contract for seven A320neos to enter service with Vistara, the India based full-service carrier and joint venture of Tata Sons and Singapore Airlines, following deliveries from Airbus in the latter part of 2019 and continuing into 2020.
Shannon, Ireland - October 11, 2018 - Atran Airlines, scheduled express cargo carrier within Volga-Dnepr Group, and GE Capital Aviation Services (GECAS) have inked a lease agreement for two 737-800 freighters.
The passenger-converted aircraft are scheduled to be phased in during the remainder of 2018 and in the first half of 2019. They will provide additional capacity to Atran’s existing fleet of three Boeing 737-400 freighters and will increase Altran’s fleet to five.
Dublin, Ireland - September 10, 2018 - Milestone Aviation Group Limited (“Milestone”), a GECAS company and the global leader in helicopter leasing, and Airbus Helicopters announced today they will provide five H145s to Aramco Overseas Company, a subsidiary of Saudi Aramco, a fully integrated, global petroleum and chemicals enterprise.
Farnborough UK, 17 July 2018 - GECAS and Boeing [NYSE:BA] announced today that they have reached an agreement for 35 additional 737-800 Boeing Converted Freighters at the 2018 Farnborough International Airshow.
The deal, which includes 20 firm orders and an option for 15 more, would take GECAS’ 737-800BCF order book from 15 to 50 and enable GECAS to serve the growing express air cargo market.
