Boeing, GE Capital Aviation Services Celebrate Delivery of Lessor's 500th Boeing Airplane

Boeing (NYSE:BA) today announced the delivery of the 500 th Boeing airplane to GE Capital Aviation Services (GECAS). The Next-Generation 737-800 will be leased to Kenya Airways and is the 401 st 737 delivered to the leasing company.  

"This is a major milestone in our 20-year association with Boeing," said Norm Liu , President and CEO, GECAS. "We are proud to take delivery of our 500 th Boeing airplane. Boeing is a key business partner providing us with advanced, efficient and reliable airplanes that our airline customers need to be successful in today's competitive marketplace."

GECAS has ordered a total of 645 Boeing airplanes, recently adding the 787-10 and the 737 MAX to their order book. GECAS has taken delivery of a large portfolio of Boeing airplanes, including 57 777s, 30 767s, eight 747s and four 757s.

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GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing. With over 45 years of experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, regional jets, turboprops, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting. 

GECAS owns or services a fleet of more than 2,150 aircraft (~1,840 fixed wing and ~310 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft.

GECAS serves more than 270 customers in over 75 countries from a network of 24 offices.

Source: The Boeing Company (NYSE: BA)
Date: Nov 20, 2015