GE Capital Aviation Services To Lease Two Embraer E190s to Myanma Airways
First Aircraft Leased Into Myanmar By GE Unit
SINGAPORE -- September 24, 2012
GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing
and financing arm of GE, announced it will lease two modern Embraer E190
aircraft to Myanma Airways, the flag carrier of Myanmar.
The aircraft are scheduled for delivery in November and December 2012.
GECAS President and CEO Norman C.T. Liu said: “GECAS is very pleased to be
partnering with the flag carrier of Myanmar. These two aircraft – which are
modern, fuel-efficient aircraft powered by GE engines -- will help Myanma
Airways expand its fleet, and their operations. This is another example of our
strategy to build our business in emerging markets,” he added.
With this contract, Myanmar becomes the 76th country where GECAS leases
Myanma Airways Managing Director Than Tun added: “We are delighted to begin
working with established companies like GE and Embraer to help build and
modernize our transportation infrastructure and expand the benefits of air
travel to our citizens.”
The Embraer E190, powered by CF34-10E engines made by GE Aviation, will expand
and modernize the Myanma Airlines fleet. Over 1,000 orders for E-Jets have
been placed and over 800 units delivered, to date. The aircraft have ranges of
up to 2,400 nautical miles (4,448 kilometers) and feature state-of-the-art,
fly-by-wire technology that increase operating safety while reducing pilot
workload and fuel consumption.
About Myanma Airways
Established in 1948, Myanma Airways is the only state-owned airline of
Myanmar, currently serving all major domestic destinations from its main base
at Yangon International Airport. At the end of 2012, it will launch
international flights as the national flag carrier of Myanmar
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 1,710 owned and managed aircraft with approximately
235 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, spare
parts financing and management. GECAS, a unit of GE Capital, has offices in 24
cities around the world.
GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
curing the world. Not just imagining. Doing. GE works. For more information,
visit the company's website at www.ge.com
Follow GECAS on Facebook (GE Capital Aviation Services) and on Twitter
Press spacebar to pause and continue. Press esc to stop.