SHANNON, Ireland, 20 October 2016 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced delivery of a new, leased Airbus A320neo to Azul Linhas Aéreas Brasileiras S/A to expand and modernize the carrier’s fleet.
The Airbus A320neo aircraft, powered by CFM International LEAP-1A engines, is the first of eight scheduled for delivery to Azul by the end of 2019. All eight are part of GECAS’ existing order book with Airbus. CFM International is a joint venture between GE and Safran Aircraft Engines.
“Our partnership with Azul is very important to GECAS,” said Alec Burger, president and CEO of GECAS. “We are extremely proud to be a part of the next phase of Azul’s development with the delivery of this A320neo powered by state-of-the-art CFM LEAP engines."
“This is a very special moment for us to receive our first Airbus, and we are very happy it’s from GECAS, which has been a long-term partner of Azul,” said David Neeleman, CEO of Azul.
Azul currently operates a fleet of about 120 aircraft to more than 100 destinations.
About GE Capital Aviation Services (GECAS)
GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing. With over 45 years of experience, GECAS offers a wide range of aircraft types including narrowbodies, widebodies, 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 1,950 aircraft (~1,700 fixed wing/ ~250 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves ~ 270 customers in over 75 countries from a network of 25 offices. www.gecas.com
GE (NYSE: GE) 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. www.ge.com
Media contact: James Luton, +1 203 842 5887 [email protected]