With an initial order placed in 1996, GECAS’ NG orderbook accounts for roughly one of every 15 NGs delivered to date. Surpassing other lessor’s skyline orders for the type, GECAS’ placements of NG’s have been leased to 64 operators across 32 countries.
“An exceptionally valuable asset in our portfolio, the Next-Generation 737 has been incredibly reliable for our customers,” said Declan Kelly, GECAS executive vice president. “Much of our success since the late 1990’s is in some way attributable to the NG and the relationship we’ve developed with the team at Boeing.”
In addition to new orders, GECAS has also provided new aircraft lease financing on an additional 270 737NGs to customers around the world.
“The Next-Generation 737 has been an icon of the aviation industry for two decades,” said Boeing Commercial Airplanes President and CEO Kevin McAllister. “It’s been a workhorse for airlines and lessors alike and we’re proud to have delivered so many of these airplanes to GECAS. We look forward to beginning a new chapter of success together when GECAS takes delivery of its first 737 MAX next year.”
GECAS currently has 170 737 MAX airplanes on order, with the first delivery scheduled for January 2018.
Tariffs and taxes have been dominating U.S. economic news this year. What do these developments mean for the equipment leasing and finance industry? Here’s what we know. Following economic news in assessing impacts of changing tariffs and taxes on the... read more
Commercial and industrial equipment is generally sold at auction in distressed situations, yet lenders typically rely on appraisals that assume an orderly liquidation with time to spare. How to square this circle? For starters, lenders must be clear on what... read more