GE Capital Aviation Services Limited (GECAS) announced completion of a purchase-and-leaseback transaction with Philippine Airlines involving a new Airbus A330-300 aircraft.
Philippine Airlines, the flag carrier of the Philippines, operates a fleet of some 50 aircraft to more than 40 destinations.
GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,600 owned and serviced aircraft with over 230 airlines.
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