SINGAPORE, December 7, 2012 – GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced it delivered four new Boeing 737-800 aircraft to Indonesia’s Lion Air as part of a purchase and leaseback transaction.
The aircraft come from the airline’s existing order book with Boeing and were delivered in September and October to expand and modernize the airline’s fleet. GECAS has delivered a total of 12 new leased aircraft to Lion in 2012.
PT Lion Mentari Airlines and affiliated airlines are Indonesia’s largest private airline group with a fleet of more than 100 aircraft in service and an order backlog of more than 300 new aircraft. Lion and its affiliates provide passenger service to more than 75 destinations.
About GE Capital Aviation Services (GECAS)
GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,620 owned and serviced aircraft with over 230 airlines. With 40+ years of industry experience, GECAS is recognized as the pre-eminent airline leasing company in the world, offering a wide range of aircraft types and financing options, including operating leases and secured debt financing. GECAS also provides an ever expanding array of productivity solutions including spare engine leasing, airport and airline consulting services, and spare parts financing and management. GECAS, a unit of GE Capital, has offices in 23 cities around the world, and services customers in 74 countries. (www.GECAS.com)
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