Press release ATRAN Airlines has taken delivery of a 737-800 Boeing converted freighter (BCF) from GE Capital Aviation Services (GECAS) and a second is slated to deliver later this month to the scheduled express cargo carrier, part of the Russia-based Volga-Dnepr Group. These aircraft join the two 737-800BCF freighters ATRAN and GECAS announced in October 2018 and which entered service in March and October 2019, adding further capacity to ATRAN’s short- and mid-range routes linking … [Read more...] about ATRAN to lease 737-800BCFs from GECAS
GE Capital Aviation Services
GECAS to purchase 14 IndiGo Airbus neos for leaseback
GE Capital Aviation Services (GECAS) along with other ventures have agreed to a purchase/leaseback (PLB) arrangement for 14 Airbus narrowbody aircraft with Indian budget airline IndiGo. Consisting seven A320neos and seven A321neos, powered by LEAP engines, the aircraft are scheduled to be delivered between the fourth quarter of 2021 and the middle of 2022. Considered India’s largest airline by passengers carried and fleet size, IndiGo currently has 176 A320s in service, with 12 parked, whilst … [Read more...] about GECAS to purchase 14 IndiGo Airbus neos for leaseback
IAI: Independence Day flyover and ‘Big Twin’ progress
Israel Aerospace Industries (IAI) will hold a unique ‘flyover’ to salute the state of Israel and its citizens on the country’s 73rd Independence Day, scheduled today, 15 April between 12:00 and 14:30 (local time). The company is drafting its cargo conversion prototypes for the B777 and B767, along with two G280 executive jets, which the company makes for Gulfstream. The three aircraft will fly over dozens of towns and villages from the north to south of Israel, which would be an … [Read more...] about IAI: Independence Day flyover and ‘Big Twin’ progress
GECAS subsidiary signs US$2.24 billion deal with Air China
Chinese flag carrier Air China on 18 March said it inked a deal to buy 18 narrow-body jets from AFS Investments Inc, a subsidiary of aircraft lessor GE Capital Aviation Services (GECAS). The deal, valued at US$2.24 billion, is an order for 18 new planes, including five A320-200N airplanes and 13 A321-200NX, to be delivered to Air China in batches by 2022. The sale of factory-fresh aircraft by a lessor, rather than maker Airbus, raised eyebrows with industry figures on Friday, Nikkei Asia … [Read more...] about GECAS subsidiary signs US$2.24 billion deal with Air China
AerCap, GECAS merger forms world’s biggest jet lessor
Aviation lessor AerCap confirmed on 10 March in a filing to the US Securities and Exchange Committee (SEC) its proposed acquisition of GE’s aircraft leasing division GECAS (GE Capital Aviation Services). The deal, valued at US$30 billion, is still subject to shareholder and regulatory approvals, and other customary closing conditions, but is expected to be closed by the last quarter of 2021. Under the terms of the agreement, GE will get approximately $24 billion in cash, 111.5 million … [Read more...] about AerCap, GECAS merger forms world’s biggest jet lessor
B737-800 conversions pick up as lessors bank on potential
Orders for 737-800 converted freighters are picking up as aircraft fleet operator ASL Aviation Holdings (ASL) exercised options to convert 10 of the aircraft for cargo use, following an original agreement with Boeing for 10 firm orders and 10 options at the Paris Air Show in June 2019. ASL said the 737-800BCF aircraft will be operated mainly by its European airline partners and will be introduced to meet the requirements of its express integrator customers like DHL, Amazon and FedEx. The … [Read more...] about B737-800 conversions pick up as lessors bank on potential
