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Shannon, Ireland, 2014/09/16 - GE Capital Aviation Services Limited (GECAS) announced that its engine leasing unit completed a purchase-and-leaseback transaction with TUI Travel for two new GEnx engines. The engines will be used as spares to support the TUI Travel airlines’ Boeing 787. NYSE: GE
GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced that its engine leasing unit completed a purchase-and-leaseback transaction with TUI Travel for two new GEnx engines. The engines will be used as spares to support the TUI Travel airlines’ Boeing 787 fleet.
GECAS Engine Leasing provides a wide selection of spare engine solutions including models from GE, CFMI, Rolls-Royce, Pratt & Whitney and IAE. The unit provides a full range of operational and financial services, including short-term leases, engine exchanges, operating leases, purchase-and-leasebacks of engines, and structured, long-term financing options.
TUI Travel PLC is one of the world’s leading international leisure travel groups operating in approximately 180 countries worldwide. It serves more than 30 million customers in over 31 source markets. Headquartered in the UK, the Group employs approximately 55,000 people and operates a pan-European airline group consisting of approximately 140 aircraft.
About GE Capital Aviation Services (GECAS)
GECAS (GECAS.com), the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,600 owned and serviced aircraft with over 230 airlines. With 40+ years of industry experience, GECAS is recognized as the pre-eminent airline leasing company in the world, offering a wide range of aircraft types and financing options, including operating leases and secured debt financing. GECAS also provides an ever expanding array of productivity solutions including spare engine leasing, aviation consulting services, and spare parts financing and management. GECAS, a unit of GE Capital, has offices in 23 cities around the world, and services customers in 75+ countries.
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