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Shannon, Ireland, 2016/02/09 - GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, announced its Regional Aircraft Group signed an agreement with Air Berlin PLC for three new leased Bombardier Q400 NextGen turboprop aircraft - GECAS.com. NYSE: GE
The first aircraft is scheduled for delivery in September and the two others in October and November. The aircraft are part of GECAS’ existing order book with Bombardier.
“The demand for economical turboprops continues to expand and we are thrilled to enter into this new lease with Air Berlin and help them expand their Q400 fleet,” said Alec Burger, President and Chief Executive Officer, GECAS. “The GECAS product portfolio is second to none. We’re pleased that the portfolio is broad enough to provide customers like Air Berlin the aircraft solutions they need, when they need it.”
Formed in 2000, GECAS Regional Aircraft Group leases nearly 400 turboprop and regional jet aircraft to airline customers worldwide. Among leading industry lessors, GECAS has the broadest product mix of turboprop and regional aircraft in the world including ATR, Bombardier and Embraer aircraft.
Air Berlin currently operates a fleet of 150 aircraft. This transaction will increase the Air Berlin Q400 fleet to 20. The airline serves 147 destinations worldwide.
About GE Capital Aviation Services (GECAS)
GE Capital Aviation Services (GECAS.com) is a world leader in aviation leasing and financing. With over 45 years of 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, airframe parts management and airport/airline consulting. GECAS owns or services a fleet of over 2,150 aircraft (~1,840 fixed wing/ ~310 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves over 270 customers in over 75 countries from a network of 26 offices.
GE (ge.com) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry.