GE Capital Aviation Services

February 13, 2014 - 1:14am

Embraer took a giant step toward boosting its modest presence in the South Asian market at the Singapore Airshow on Thursday with a firm order for 50 E-Jet E2s and purchase rights on another 50 from Indian regional carrier Air Costa. The order calls for delivery of a mix of 25 E190-E2s and 25 E195-E2s worth $2.94 billion at list prices.

February 10, 2014 - 5:30am

Southeast Asian carriers VietJetAir and Myanmar Airways maintained the region’s strong growth-curve yesterday, announcing new airliner deals worth almost $7.4 billion. At the Singapore Airshow, Vietnam’s VietJetAir gave Airbus a $6.4 billion contract covering firm orders for 42 A320neos, 14 A320ceos and seven A321ceos.

December 23, 2013 - 11:00am

Amsterdam-based AerCap’s planned acquisition of International Lease Finance Corp. from American International Group stands to return a sense of stability to a business in which the disposition of one of two dominant players hung in doubt for more than a year. It also promises to result in what AerCap CEO Aengus Kelly characterized as “the most attractive order book in the industry,” valued at $25 billion.

December 16, 2013 - 10:55am

Airlines will continue to enjoy ready access to financing for new aircraft acquisitions, as funding sources such as bonds grow in importance as options for financial support, according to Boeing’s seventh annual aircraft finance market forecast. The report, released in London on December 10, said that while export credit agency funding will decline in significance in the coming years, the industry will see a more even balance among carriers’ use of bonds, leases and loans from banks and capital markets.

November 18, 2013 - 12:45am

ATR and lessor GE Capital Aviation Services (Gecas) have closed a $241 million deal here at the Dubai Airshow for five ATR 72-600 regional turboprops, plus five options. ATR CEO Filippo Bagnato and Gecas president and CEO Norman Liu signed the contract here on Sunday. “These aircraft will support the strong growth in regional air transport we anticipate over the coming years,” Liu said. Deliveries are scheduled to begin in 2015. Previously at the show, ATR (Stand 1424) also announced an order from Saudi Arabia’s Alpha Star Aviation Services.

June 24, 2013 - 1:00pm

Backed by five launch customers from across Europe, Asia and North America committing to 102 aircraft, Boeing pressed the “Go” button for its long-anticipated 787-10 development on June 17. United Airlines, British Airways, Singapore Airlines, GE Capital Aviation Services (Gecas) and Air Lease stepped up to support the stretched, longer-range Dreamliner, and they appear to have been influential in shaping the design and performance goals.

June 17, 2013 - 3:15pm
Boeing 787

Despite the torrential rain at Le Bourget yesterday, Airbus and Boeing both notched up some key commitments. While the latter edged closer to being able to launch the 787-10X, with interest from Gecas, its rival across the Atlantic also courted the world’s leading lessors, with ILFC ordering even more A320neos; and Doric placing an order for A380s.

January 1, 2013 - 12:15am
Now more than a decade in the making, the Comac ARJ21 won’t likely see revenue service until well into 2014.

If nothing else, China’s Comac has shown considerable persistence in its pursuit of certification for the ARJ21-700 regional jet, now more than a decade into development and at least a year-and-a-half away from entry into service.

November 13, 2012 - 9:35am
Liebherr Aerospace is to provide landing gear and air conditioning packs for China’s new C919 twinjet, for which Comac signed 50 more commitments at Airshow China 2012. (Photo: Amy Laboda)

Comac has received 50 more commitments for its new C919 narrowbody airliner. Three contracts announced on the first day of Airshow China 2012 in Zhuhai call for 20 each of the twinjet to go to Chinese carriers Joy Air and Hebei Aviation, with 10 more signed for by leasing group Gecas. But the first flight of the C919 now seems likely to be pushed back again due to a new delay with Comac’s ARJ21 regional airliner development.

October 22, 2012 - 12:00pm

Japan’s Sumitomo Mitsui Bank (SMBC) beat more than 30 other bidders to complete the acquisition of RBS Aviation Capital on October 15, demonstrating the growing importance of leasing in new-airliner acquisitions. The bank’s new SMBC Aviation division intends to merge two other leasing companies owned by its shareholders to challenge for the number-three position in the leasing sector, controlling some 331 aircraft.

 
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