GE’s Aircraft leasing & financing arm orders Boeing aircrafts

Boeing and the commercial aircraft leasing and financing arm of General Electric, GE Capital Aviation Services, announced that they have completed an order for 10 787-10 Dreamliner aircrafts.
This follows GE Capital Aviation Services Limited last week announced that it signed a lease agreement with South Korean low-cost carrier Jeju Air for two Boeing 737-800 aircrafts. The aircraft are scheduled for delivery in 2014 to expand the carrier’s fleet.
Jejuair currently operates 13 Boeing 737-800s.
The Boeing order for, GE Capital valued at $2.9 billion at list prices, completes the commitment in the airplane leasing market for the 787-10.
These 787-10s bring the total number of airplanes GECAS has ordered from Boeing to 598 since 1995. To date, GECAS has taken delivery of 451 Boeing airplanes. “These airplanes are an excellent addition to our broad portfolio of modern, fuel-efficient aircraft,” said GECAS President and CEO Norman C.T. Liu. “This order enables us to offer our airline customers an airplane with the lowest operating costs.”
The new 787-10, launched in June 2013, will extend and complement the family, carrying 300 to 330 passengers up to 7,000 nautical miles (12,964 km) and accommodating more than 90 percent of the world’s twin-aisle routes. The 787-10 also will be 25 percent more fuel-efficient than airplanes of its size today and more than 10 percent better than anything being offered by the competition for the future.
“As a leader in the leasing industry, GECAS’s 787-10 order is a strong statement about the capabilities of this highly efficient airplane,” said Boeing Commercial Airplanes President and CEO Ray Conner. “The 787-10 will provide GECAS customers the efficiencies and passenger comforts needed to succeed in an increasingly competitive marketplace.”

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