Aviation News

July 19, 2010

GECAS Orders 100 New Aircraft at Farnborugh 2010: 40 Boeing 737-800s and 60 Airbus A320s

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Boeing and GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, on Monday announced an order for 40 Next-Generation 737-800s for approximately $3 billion.

“We are pleased to announce this Boeing order and the further growth of our fleet,” said Norman C.T. Liu, president and CEO of GECAS. “Over the years, GECAS has successfully leased many 737s to airlines around the world.”

“Today’s announcement with GECAS reaffirms the Boeing Next-Generation 737 as a highly successful asset, both in operation with airlines as well as in the financial community,” said Marlin Dailey, vice president of Sales for Boeing Commercial Airplanes. “GECAS has more than 300 Next-Generation 737s in its fleet with another 105 to be delivered to lessees, including today’s announcement.”

Boeing said GECAS’ continuing acquisition of new 737s reflects solid demand for rapid addition of new airplanes by customers throughout the world.

Also at Farnborough, GECAS announced an order of 60 Airbus A320 jets, worth $4.9 billion at list prices. The aircraft will be outfitted with sharklets which reduce fuel consumption up to 3.2%. Deliveries will begin in 2012.

NYCAviation’s Matt Molnar contributed to this report