NewswireToday - /newswire/ -
Stamford, CT, United States, 2011/07/21 - GE Capital Aviation Services (GECAS) yesterday reached a major milestone with Boeing (NYSE: BA) by accepting delivery of its 400th airplane, a Next-Generation 737-800. GECAS leasing customer Xiamen Airlines will operate the milestone airplane (NYSE: GE). NYSE: GE
“We are proud to take delivery of our 400th Boeing airplane,” said Norman C.T. Liu, President and CEO of GECAS. “Boeing is a key business partner providing us with advanced, efficient and reliable airplanes that our airline customers need to be successful in today’s competitive and environmentally sensitive marketplace.”
To date, GECAS has ordered 485 airplanes from Boeing. GECAS placed their first order with Boeing on Aug. 30, 1995 for two 767-300ER (Extended Range) airplanes. Since that first order, their fleet has grown to include several models of the 737, 747, 757, 767 and 777 families.
"The milestone delivery is a tribute to the GECAS business model and the strength of the Boeing family of airplanes," said Marlin Dailey, vice president of Sales & Marketing for Boeing Commercial Airplanes. "GECAS has an outstanding track record of placing Boeing airplanes with airline customers around the world. The Boeing family of airplanes offers a strong combination of economics and reliability that will continue to provide GECAS’s customers a competitive advantage. We look forward to continuing this strong partnership for years to come."
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 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 (ge.com) 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. GE is Imagination at Work.
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