Beijing, China - July 16, 2018 - Following the delivery last week of Okay Airways’ first leased Boeing 737 MAX 8, GECAS signed another contract with Okay Airways for the purchase-and-leaseback with pre-delivery payment financing of two Boeing 737 MAX 8s. The aircraft, fitted with CFM LEAP-1B engines, are scheduled for delivery in July and September 2019.
Dublin, Ireland - July 16, 2018 - Milestone Aviation Group Limited (“Milestone”), a GECAS company and the global leader in helicopter leasing, and Leonardo today announce they have been selected to renew the medium helicopter fleet of Aramco Overseas Company, a subsidiary of Saudi Aramco (“Aramco”) - a fully integrated, global petroleum and chemicals enterprise. Leonardo and Milestone have signed a contract for 17 Leonardo AW139 helicopters plus 4 options, and Aramco expects to take delivery of a total of 21 aircraft over the next three years, starting this year.
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SHANNON, Ireland, June 28, 2018 -- GECAS, the commercial aircraft leasing arm of GE, together with Novus Aviation Capital, a Dubai-based aircraft leasing and financing company, today announced a debt financing agreement with Philippine Airlines (PAL). PK AirFinance, a GECAS company, will provide senior debt for the acquisition of four (4) 2018 Airbus A321-200neos, while Novus’ Tamweel Aviation Finance, a junior debt fund dedicated to the financing of Airbus aircraft, will extend a mezzanine loan for each aircraft.
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Dublin, Ireland, May 31, 2018 - Milestone Aviation Group Limited (“Milestone”), a GE Capital Aviation Services company and the global leader in helicopter leasing, announced today that it has completed the purchase and lease back of four S-92® aircraft. The acquisition of these aircraft expands Milestone’s owned and debt financed fleet of S-92 helicopters to over 95 -- more than one third of all S-92 aircraft in operation globally.
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16 April 2018 - Dublin
Primera Air, a low-fare Nordic airline, has taken delivery of its first Airbus A321neo, on lease from GECAS. Assembled and delivered Monday in Hamburg, this aircraft is the first of three from the GECAS orderbook that Airbus will deliver to the airline in 2018.
“Given the outstanding operational efficiency, comfort and range of the aircraft,” shared Andri Már Ingólfsson CEO and President of Primera Travel Group, “the A321neo is ideally suited to our cross-Atlantic travel from both the UK and France.”
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20 April 2018 - Shannon, Ireland
GECAS joined Boeing and West Atlantic at a ceremony at East Midlands Airport in the UK to commemorate the delivery of the first Boeing 737-800 to be converted to a cargo freighter by the OEM. GECAS, the first owner of this type, has leased the aircraft to West Atlantic Group, a cargo operator based in Sweden. This 737-800BCF is the first of four to be delivered to West Atlantic in the coming months.
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13 April 2018 - Singapore
GECAS and its wholly owned subsidiary, PK AirFinance announced today it had concluded a significant aircraft financing transaction covering a total of 51 aircraft operated by Lion Air Group, GECAS' largest customer Southeast Asia.
“We are thrilled to continue our relationship with Lion Air Group and support their strong growth plans for the future,” declares GECAS’ SVP & Manager, Clem McCloskey.
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12 April 2018 - Singapore
GECAS has committed to lease twelve Boeing 737 MAX8s to Jet Airways (India) Limited with deliveries commencing from12 June 2018 and continuing into 2020. Six of these MAX aircraft will be from GECAS’ skyline order while the other six are from sale and lease back transactions from Jet Airways’ order book. The new technology aircraft are fitted with CFM-LEAP-1B27 engines.