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Sao Paulo, Brazil, 2011/02/16 - GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing unit of GE, announced two new transactions with AVIANCA TACA involving 16 Airbus aircraft. NYSE: GE
GECAS signed a purchase and leaseback transaction for two new Airbus A330-200s and four new Airbus A320s. The aircraft are part of AVIANCA TACA’s existing order book with Airbus. Two of the A320s will be operated by Taca, the remainder will be operated by Avianca. Additionally, GECAS has leased 10 Airbus A318s to Avianca.
“We are pleased to contribute to the fleet renewal and growth of AVIANCA TACA with these two transactions,” said Norman C.T. Liu, president and CEO, GECAS.
Fabio Villegas, CEO of AVIANCA TACA noted: “It has been very important for AVIANCA TACA to have GECAS as our strategic partner in the modernization of our aircraft fleet. They have supported this transition to a fleet made up entirely of Airbus aircraft for passengers to enjoy their travels in the Americas and throughout the world.”
About GE Capital Aviation Services (GECAS)
GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,800 owned and managed aircraft with approximately 245 airlines in over 75 countries. GECAS offers a wide range of aircraft types and financing options, including operating leases and secured debt financing, and also provides productivity solutions including spare engine leasing, spare parts financing and management. GECAS, a unit of GE Capital, has offices in 25 cities around the world.
GE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE (ge.com) operates in more than 100 countries and employs about 300,000 people worldwide. GE is Imagination at Work.
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