GECAS Completes Purchase-and-Leaseback Deal with TUI Travel for 2 GEnx Engines

GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced that its engine leasing unit completed a purchase-and-leaseback transaction with TUI Travel for two new GEnx engines. The engines will be used as spares to support the TUI Travel airlines’ Boeing 787 fleet.

GECAS Engine Leasing provides a wide selection of spare engine solutions including models from GE, CFMI, Rolls-Royce, Pratt & Whitney and IAE. The unit provides a full range of operational and financial services, including short-term leases, engine exchanges, operating leases, purchase-and-leasebacks of engines, and structured, long-term financing options.

TUI Travel PLC is one of the world’s leading international leisure travel groups operating in approximately 180 countries worldwide. It serves more than 30 million customers in over 31 source markets. Headquartered in the UK, the Group employs approximately 55,000 people and operates a pan-European airline group consisting of approximately 140 aircraft.