GECAS and Emirates Sign Purchase and Leaseback Transaction
- For 3 Boeing 777-300ERs and 7 Spare Engines
GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, signed a purchase and leaseback transaction with Emirates airline for three new Boeing 777-300ER aircraft and seven spare engines.
The first aircraft from the airline’s existing order book with Boeing was delivered on May 30. The other aircraft are scheduled for delivery later in 2012. The leaseback of seven spare engines -- four GE90s and three GP7200s – was successfully completed in June.
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Emirates airline is one of the fastest growing airlines in the world, and has received more than 500 international awards for excellence. Emirates operates the world’s largest fleet of Boeing 777 aircraft and now flies to 124 destinations in 73 countries.
Source : General Electric