With carriers scrambling to find some relief support amidst a downturn, a new investment platform could provide much-needed financing for airlines that are looking to upgrade their fleets with new aircraft. Fixed-income investment manager PIMCO and leading aircraft lessor GE Capital Aviation Services (GECAS) have reached a preliminary agreement to develop an aviation leasing platform to support up to US$3 billion in aircraft asset financing. The transaction will be subject to “customary … [Read more...] about PIMCO and GECAS to set up US$3 billion aircraft leasing fund
GE Capital Aviation Services
GE Capital Aviation Services orders 100 A320neo aircraft
GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric has signed a firm order for 100 A320neo Family aircraft at the 52nd International Paris Air Show. GECAS has selected CFM’s LEAP-X engine for all 100 A320neo Family aircraft. This new order brings the total number of Airbus aircraft ordered by GECAS to almost 600 aircraft. Of these 220 are A320neo Family aircraft. “The A320neo aircraft is an excellent product. … [Read more...] about GE Capital Aviation Services orders 100 A320neo aircraft
Myanmar takes delivery of first B737-800
Boeing and Myanmar National Airlines celebrated the delivery of its first next-generation 737-800 leased from GE Capital Aviation Services (GECAS), the commercial aircraft leasing arm of GE. The celebration also marked the first all-new Boeing airplane to be delivered to any Myanmar-based airline. The airplane is the first to feature Myanmar National Airlines' new livery and interior, and the airline plans to expand its network outsideMyanmar with the introduction of its 737. … [Read more...] about Myanmar takes delivery of first B737-800
GE Capital Aviation Services (GECAS)
Aircraft financing company, GE Capital Aviation Services (GECAS) has announced the promotion of Norman C.T. Liu to president and chief executive officer. Liu will take over the executive management of the business from Henry A. Hubschman who will take on the new role of chairman of GECAS. Liu and Hubschman began their new roles in the third quarter this year. Liu is a 22-year veteran of GE Capital, including 14 years at GECAS. He has served as executive vice president of GECAS’ … [Read more...] about GE Capital Aviation Services (GECAS)
