GE Capital Aviation Services orders 60 A320 Family Aircraft

(July 19, 2010) -- GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric [NYSE: GE], has signed a firm order for 60 additional A320 family aircraft. This new order brings the total number of A320 family aircraft ordered by GECAS to 327 and the backlog of aircraft to be delivered to 99 aircraft.

"We're pleased to announce the growth of our A320 fleet with this new order today," said Norman C.T. Liu, president and CEO of GECAS. "We have a solid track record of placing A320s with our customer base across the world."

"GECAS' order is a further demonstration of the strong demand for the A320 family and underlines its attractiveness to leasing companies, who are returning to the market with full steam," said Tom Enders, Airbus President and CEO. "The low operating costs and proven high dispatch reliability offered by the A320 family make it the preferred choice for operators in all sectors, and a strong asset for the GECAS portfolio."

Source : Airbus, an EADS N.V. company (Paris: EAD.PA)