GECAS Provides Additional Lift to GetJet Airlines with Three A320-200

Feb 20, 2019

GECAS announces an agreement to lease three A320-200 aircraft to GetJet Airlines with all deliveries to take place in spring 2019.

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“The addition of these new aircraft is an important step in our strategy to fill the gaps in the market and swiftly adjust to the current context of the rapidly changing aviation market,” said Aleksandr Celiadin, Executive Chairman of GetJet Airlines.

“Recent developments in our region have forced us to react quickly to satisfy growing passenger flows and support our wet lease customers and tour operators. Once the A320 are delivered, we will be operating a fleet of 15 aircraft - 7x A320s and 7x Boeing 737 classics, and our recently added wide-body Airbus A330. This larger fleet provides us with exciting opportunities to serve new clients and offer an expanded range of operations.”

“As the first airline in the Baltics to have an Airbus A330 in our fleet, we can offer long-haul ACMI and long-term wet lease solutions with both wide-body and narrow-body aircraft. Having recently secured long-term contracts with the region’s largest tour operators and legacy airlines in Europe, we believe we are well positioned in our niche as a one-stop shop,” said A. Celiadin.

“Given the wealth of aviation experience presented by the GetJet Airlines management team, GECAS is delighted to support their growth plans with these aircraft,” expressed GECAS’ Shairon Sexton, VP, Sales and Marketing, Europe and Canada.

About GetJet Airlines

GetJet Airlines is an IOSA registered, well established Lithuanian ACMI and charter airline, which is headquartered in Vilnius. Among the company’s clients are some of the world’s leading airlines such as Finnair, LOT, Tunisair, TAP and others. In 2018, GetJet Airlines generated €52.41 million in revenue with a stable 12% profit margin. www.Getjet.aero

 

About GECAS

GE Capital Aviation Services (GECAS) is a world-leading aviation lessor and financier. For over five decades, we have solved our customers’ challenges and enabled their businesses to thrive. Whether your need is for narrow- or widebody aircraft, regional jets, turboprops, freighters, engines, helicopters, financing or materials, our name has become synonymous with trusted relationships, domain expertise and delivering on our promises.

GECAS offers a broad array of financing products and services on these assets including operating leases, purchase/leasebacks, secured debt financing, capital markets, and airframe parts management. GECAS owns, services or has on order more than 1,850 (~1,500 fixed wing/ ~350 rotary wing), plus provides loans collateralized on an additional ~320 aircraft. GECAS serves ~250 customers in over 75 countries from a network of 24 offices around the world.

www.gecas.com

GECAS Media contact: James Luton | media@gecas.com