GECAS Announces Order for 100 Airbus A320neo Aircraft

Shannon, Ireland – June 19, 2017 – GE Capital Aviation Services (GECAS), the aviation leasing and financing arm of GE (NYSE: GE), today announced a firm order for 100 Airbus A320neo family aircraft at the 52nd International Paris Air Show. All the aircraft will be powered by CFM’s LEAP-1A engines.

This new order brings the total number of A320 Family aircraft ordered by GECAS to ~600 aircraft. Of these 220 are A320neo Family aircraft including 33 A321neo.

“The A320neo aircraft is an excellent product. GECAS is pleased to make this additional commitment for A320neos to meet strong customer demand for this type,” said Alec Burger, President and CEO of GECAS, “The A320neo family aircraft powered by CFM’s LEAP-1A engines, with proven increased fuel efficiencies, longer range and higher seating capacity will continue to be one of the core assets in our lease portfolio. The A321 version has also gained strong acceptance from customers in various new markets proving the versatility of the type.”

“GECAS’ renewed order of our best-selling A320neo aircraft, underscores the continuing strong market demand for these fuel-efficient aircraft,” said Fabrice Brégier, Airbus COO and President Commercial Aircraft. “The unmatched, low operating costs and appeal of the A320 Family make it a strong asset in GECAS’ portfolio.”

 

About GE Capital Aviation Services (GECAS)

GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing.  With 50 years of aviation finance experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, 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 (1,660 fixed wing/ 306 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves ~264 customers in over 75 countries from a network of 26 offices. 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

GECAS Media contact: James Luton | +1 203 842 5887 |  james.luton@gecas.com