SHANGHAI, December 20, 2012 – GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced it will lease five new Airbus A320 aircraft and two new A321 aircraft to Juneyao Airlines to expand the airline’s fleet.
GECAS delivered the first two A320 aircraft in September and October. The remaining A320s are scheduled for delivery in 2013 and the two A321s are scheduled for delivery in 2014. All seven aircraft come from GECAS’ existing order book with Airbus.
Juneyao started operations in 2006 as one of China’s private airlines. Today it operates a fleet of more than 30 aircraft to some 50 destinations in China, serving mainly business travelers between Shanghai and the manufacturing region of the Pearl River Delta.
About GE Capital Aviation Services (GECAS)
GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of approximately 1,670 owned and serviced aircraft with over 230 airlines in over 75 countries. GECAS offers a wide range of aircraft types and financing options, including operating leases and secured debt financing, and also provides 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 24 cities around the world. (www.GECAS.com)
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