GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced the completion of a purchase-and-leaseback transaction with Philippine Airlines involving two new Airbus A321 aircraft. The two aircraft -- one delivered in August, and the other earlier this month -- will be used to expand the airline’s fleet.
Philippine Airlines, the flag carrier of the Philippines, operates a fleet of some 50 aircraft to more than 40 destinations.
Key data points: The growth forecast = 38.7% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in eVTOL aircraft market to 2031 by propulsion type (battery-electric, hybrid-electric, and hydrogen-electric), mode of operation (piloted, autonomous, and semi-autonomous), lift technology (vectored thrust, multirotor, and lift plus cruise), application (commercial, military, emergency medical service, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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