EVA Airways To Lease 6 New Boeing 777-300ERs from GE Capital Aviation Services

GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing unit of GE, has signed an agreement to lease four Boeing 777-300ER aircraft to EVA Airways, following a lease of two B777-300ER aircraft in February 2014. Delivery of the six aircraft is scheduled for 2016 and 2017. The B777-300ERs will modernize EVA’s long-range fleet with high fuel-efficiency, more payload capabilities and additional flexibility in serving the nonstop routes stemmed from Taipei, Republic of China.
“We have a strong and positive long-term relationship with EVA that dates back more than 10 years ago,” said Norman C.T. Liu, president and chief executive officer of GECAS. “We are delighted to help them upgrade and expand their fleet with the latest long-haul aircraft available.”

“GECAS is a leader in providing flexible solutions for the leasing and financing of aircraft. With its global expertise, GECAS continuously offers fleet solution that meets EVA’s operational and financial needs. The conclusion of leasing six B777-300ERs reflects the unique strength of GECAS and long-term mutual respectful business relationship between EVA and GECAS.” said KW Chang, Chairman of EVA Airways.

GECAS currently lease 11 aircraft to EVA including three Airbus A330-200s, four A321-200 and four Boeing 747-400SF freighters. GECAS signed an agreement in 2011 to lease eight A321-200s to EVA and will deliver remaining three A321-200s in 2014.

EVA Airways began operations in 1991 and is now one of the fastest growing airlines in Asia. With an extensive fleet of 68 aircraft, EVA operates passenger and cargo routes to 66 cities around the world. EVA Airways is a member of Star Alliance since June 18th, 2013.

Source: General Electric
Date: Jul 25, 2014