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Stockholm, Sweden, 2011/04/19 - GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing unit of GE, announced the signing of lease agreements with Stockholm-based Scandinavian Airline System (SAS). NYSE: GE
GE Capital Aviation Services Limited (GECAS), announced the signing of lease agreements with Stockholm-based Scandinavian Airline System (SAS) for the delivery of five new Boeing 737-800 aircraft and twelve used Boeing 737-700 aircraft. The new deliveries will come from GECAS’ existing order book with Boeing.
SAS had earlier communicated its decision to phase out its fleet of MD80 and Boeing 737 Classics at its bases in Stockholm and Oslo and replace them with new generation aircraft.
“We’re pleased to be in a position to work with SAS as they execute their fleet upgrade strategy,” commented Norman Liu, GECAS President and CEO.
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 operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Website at ge.com. GE is Imagination at Work.
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