GE Capital Aviation Services Delivers the first New Leased A320neo with CFM International LEAP-1A Engines in the Americas to Avianca Brasil

GE Capital Aviation Services Delivers the first New Leased A320neo with CFM International LEAP-1A Engines in the Americas to Avianca Brasil

SHANNON, Ireland, 13 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 Avianca Brasil to expand and modernize the carrier’s fleet.

The aircraft is the first in the Americas powered by CFM International LEAP-1A engines. CFM International is a joint venture between GE and Safran Aircraft Engines.

The Airbus A320neo aircraft is one of eight scheduled for delivery to Avianca Brasil in 2016 and 2017. All eight are part of GECAS’ existing order book with Airbus.

“We are excited about this delivery to Avianca Brasil, especially knowing the immediate benefit from the CFMI LEAP engines to the airline in terms of lower fuel consumption," said Alec Burger, president and CEO of GECAS. "This further contributes to their continued success.”

Avianca Brasil operates a fleet of nearly 40 aircraft to more than 20 destinations in Brazil and Colombia.

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