GE Capital Aviation Services - History

History

In early 2007, GECAS placed an order with Boeing for fifteen 777 aircraft and twenty four 737-800 aircraft in a $5.34 billion deal. The aircraft are scheduled to be delivered between 2008 and 2010.

In November 2008, GECAS announced a signed contract for five COMAC ARJ21-700 regional jets. COMAC ARJ21-700 jets are produced by Shanghai-based Commercial Aircraft Corporation of China. The contract includes options for 20 additional aircraft. Deliveries of the aircraft to GECAS will begin in 2013.

GECAS also owns a minority stake in Oxford Aviation Academy retained when they sold 80% (before dilution) of GECAT to STAR Capital Partners in 2007

At the 2010 Farnborough airshow, Airbus and Boeing announced that GECAS had placed orders for a further 20 A320s and 40 737s.

At 2010 Zhuhai airshow, GECAS announced that it has placed orders for 10 COMAC C919 aircraft from Shanghai-based Commercial Aircraft Corporation of China (COMAC).

At the 2011 Paris Air Show two Boeing 747-8 Freighters were ordered as well as eight additional Boeing 777-300ERs.

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