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giftedviz.com May 21, 2018


GE Capital Aviation Services orders 100 A320neo aircraft

20 June 2017, 04:33 | Austin Hogan

GE Capital Aviation Services A320neo | Airbus

GE Capital Aviation Services A320neo

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.

"The addition of 45 A320neos to our existing order book positions CDB Aviation with the latest technology fleet to realize our fleet growth plan and further strengthen our ability to serve airline customers with narrowbody fleet requirements", said CDB Aviation President and Chief Executive Officer Peter Chang. "Combining the increased capacity of the MAX 10 and the CFM International LEAP-1B engines offers our customers many benefits".

The partnership, known as Gecas, is the world's largest jet lessor, but the company has shrunk over the last two years as competitors AerCap holdings NV (AER) and China's Bohai Leasing have expanded their presence in the sky. GECAS has selected CFM's LEAP-X engine for all 100 A320neo Family aircraft.

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GECAS said the order brings the total number of A320 family aircraft it has ordered to approximately 600, of which 220 are A320neo family, including 33 A321neos.

"The A320neo aircraft is an excellent product". The A321 has gained "strong acceptance from customers in various new markets proving the versatility of the type", he added.



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