GE Capital Aviation Services orders 100 A320neo aircraft

Gladys Abbott
June 20, 2017

Announcing a memorandum of understanding (MOU) for 30 Airbus A320neo and 15 of the larger A321neo, CDB Aviation CEO Peter Chang said it meant to break out of its current, largely Chinese clientele base.

In a separate development, GECAS has signed a commitment letter with Caisse de dépôtet placement du Québec (CDPQ) to create a $2bn global aircraft financing platform.

GE Capital Aviation Services (GECAS), the aviation leasing and financing arm of GE, announced a firm order for 100 Airbus A320neo family aircraft at the 52nd International Paris Air Show. GECAS has selected CFM's LEAP-X engine for all 100 A320neo Family aircraft.

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"GECAS renewed order of our best-selling A320 aircraft underscores the continuing strong market demand for these fuel efficient aircraft", said Fabrice Bregier, Airbus COO and President of Commercial Aircraft.

"We are investing in the A320neo because we believe our customers will benefit from such an advanced aircraft".

"The A320neo family aircraft powered by CFM's LEAP-1A engines... will continue to be one of the core assets in our lease portfolio", GECAS chief executive Alec Burger said. "Our order book for the A320neo Family increases weekly and its 60 per cent market share is proof it is the single aisle aircraft of choice".

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