GECASGeneral Electric Commercial Aviation Services
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This is a major milestone in our 20-year association with Boeing," said Norm Liu, President and CEO, GECAS.
In 2001, GECAS announced plans to convert Boeing 737-300 and -400 aircraft from its portfolio to freighter aircraft.
GECAS has ordered 485 aircraft from Boeing to date and its fleet includes several models of the 737, 747, 757, 767 and 777 families.
This order adds to our existing portfolio of A330 aircraft," said Norman Liu, GECAS president and chief executive.
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, spare parts financing and management.
GECAS, the US and Irish commercial aircraft financing and leasing business of GE (NYSE: GE), has a fleet of approximately 1,600 owned and serviced aircraft with 230 customers and offices in 23 cities around the world.
The follow-on order increases the GECAS order book for the 737 MAX to 95 airplanes and the Next-Generation 737 to 387 airplanes, the most for both models by any company in the leasing industry.
The agreement with GECAS is for a further six aircraft, bringing the total number of aircraft GECAS finances for flydubai to ten and BBAM are adding a further three aircraft to an existing three they already finance.
GECAS orders 40 Boeing 737-800 medium-haul passenger jets on Monday Jan.
These airplanes are an excellent addition to our broad portfolio of modern, fuel-efficient aircraft," said GECAS President and CEO Norman C.
Boeing said it looks forward to working with GECAS to finalise the details of the agreement, at which time the airplanes will be posted to the Boeing Orders & Deliveries website as a firm order.