GECAS Delivers Airbus A320 On Purchase and Leaseback with Tiger Airways Holdings
GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced it has delivered a new leased Airbus A320 aircraft to Tiger Airways Singapore to expand the carrier’s fleet. The aircraft is the first of five scheduled for delivery in 2013 as part of a multiple aircraft purchase-and-leaseback transaction with Tiger Airways Holdings.
Tiger Airways Holdings, established in 2003, is the parent company of a group of budget carriers operating in the Asian region and Australia. The Group consists of wholly-owned Tiger Airways Singapore and Tiger Airways Australia, and partially-owned Mandala Airlines and SEAir. As of 30 April 2013, the Group’s fleet comprises 44 Airbus A320-family aircraft, averaging under three years of age. The group operates an extensive network covering over 50 destinations across 13 countries in the Asia Pacific.
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Source : General Electric