Business

July 10, 2012

Boeing, GECAS announce commitment for 100 737s

Pictured is an image of the 737 MAX 8 in GECAS livery. Boeing announced July 10 at the Farnborough International Airshow a commitment by GE Capital Aviation Services, the commercial aircraft leasing and financing arm of General Electric, to purchase 75 737 MAX 8s and 25 Next-Generation 737-800s. The commitment builds on the momentum in the market for the 737 MAX.

Boeing announced July 10 at the Farnborough International Airshow a commitment by GE Capital Aviation Services, the commercial aircraft leasing and financing arm of General Electric, to purchase 75 737 MAX 8s and 25 Next-Generation 737-800s.

The commitment builds on the momentum for the 737 MAX.

Boeing looks forward to working with GECAS to finalize the details of the agreement, at which time the airplanes will be posted to the Boeing Orders & Deliveries website as a firm order.

“GECAS is a leader in the airplane leasing and financing industry with a successful track record of placing 737 with airlines worldwide,” said Boeing Commercial Airplanes President and CEO Ray Conner. “The GECAS leadership team understands the importance of having advanced, fuel-efficient airplanes to meet their customers’ needs. This commitment confirms the value of the 737 MAX in today’s competitive marketplace.”

The 737 MAX is a new-engine variant of the world’s best-selling airplane and builds on the strengths of today’s Next-Generation 737. The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort in single-aisle aircraft.

“The 737 MAX is a perfect complement to our airplane portfolio,” said Norman C.T. Liu, President and CEO of GECAS. “These new Next-Generation 737 and 737 MAX airplanes will continue our long-standing strategy of providing our customers the most fuel efficient, most capable airplanes with the lowest operating costs.”

Airlines operating the 737 MAX will see a 13 percent fuel burn improvement over today’s most fuel efficient single-aisle airplanes and an eight percent operating cost per seat advantage over tomorrow’s competition.

To date, the 737 MAX has orders and commitments for more than 1,000 airplanes and the Next-Generation 737 family has won orders for more than 6,600 airplanes.

GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,710 owned and serviced 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.




All of this week's top headlines to your email every Friday.


 
 

 

Headlines November 24, 2014

News: Hagel said to be stepping down as defense chief under pressure - Defense Secretary Chuck Hagel is stepping down under pressure, the first cabinet-level casualty of President Obama’s Democratic majority in the Senate and a beleaguered national security team that has struggled to stay ahead of an onslaught of global crises. Afghan mission for U.S....
 
 

News Briefs November 24, 2014

Fog forces five U.S. choppers to land in Polish field Officials say that that fog forced five U.S. Army helicopters to make an emergency landing in a Polish field and spend the night there, the second such incident since September. The U.S. Army said 15 soldiers were moving equipment to their base in Germany Nov....
 
 
Air Force photograph by Samuel King Jr.

Navy’s first F-35C squadron surpasses 1,000 flight hours

Air Force photograph by Samuel King Jr. An F-35C Lightning II aircraft piloted by Lt. Cmdr. Chris Tabert, assigned to Strike Fighter Squadron (VFA) 101, flies the squadron’s first local sortie. The F-35C is the carrier va...
 

 
boeing-SC-787

Boeing South Carolina begins final assembly of its first 787-9 Dreamliner

Boeing has started final assembly of the 787-9 Dreamliner at its South Carolina facility. The team began joining large fuselage sections of the newest 787 Nov. 22 on schedule, a proud milestone for the South Carolina team and a...
 
 
Lockheed Martin image

Ball Aerospace equips Orion mission with key avionics, antenna hardware

Lockheed Martin image Ball Aerospace & Technologies Corp. is providing the phased array antennas and flight test cameras to prime contractor Lockheed Martin for Orion’s Exploration Flight Test-1 (EFT-1), which is an u...
 
 

Salina, Kansas, recalls anniversary of shuttered base

It has been 50 years this month since the announcement that Schilling Air Force Base was closing rattled Salina residents. The Salina Journal, which carried news of the closure in its Nov. 19, 1964, editions, reported that the economic disaster then spared no part of the community – real estate, retail, civic involvement, church attendance,...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>