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30 June 2005
Commercial Aircraft

GECAS plans to acquire 40 additional Airbus A320 family aircraft

GE Commercial Aviation Services (GECAS) has signed a letter of intent to order 40 Airbus A320 Family aircraft. The order covers A319s, typically seating 124 passengers, as well as the larger A320s with 150 passengers in a standard layout, with the flexibility to convert some to A321 models.

GECAS has already placed all Airbus aircraft in its backlog so far with operators and is now seeking to acquire additional capacity in order to meet increasing demand from airlines for Airbus aircraft in this size category. The Airbus A320 Family, with its aircraft seating between 100 and 220 passengers, is perfectly placed to provide additional capacity for leasing companies and airlines around the world.

GE Commercial Aviation Services (GECAS) is the commercial aircraft financing and leasing business of General Electric Co. GECAS has a fleet of more than 1,300 owned aircraft and offers a full range of aircraft fleet, financing and productivity solutions, including operating leases, secured debt financing, engine leasing, spare parts financing and management, and pilot training. GECAS has offices in 22 cities worldwide serving more than 200 airlines in some 60 countries.

Airbus? A320 Family is the recognised technological leader in single-aisle aircraft, with advanced features such as fuel-saving wingtip fences, weight-saving composites, and the reliability that comes from its modern design and ease of maintenance. It also consistently leads in independent passenger and operator surveys.

Airbus? A320 Family is the most successful aircraft in the world, having been chosen by more than 190 customers and operators around the world, including both established and low-cost carriers. Firm orders for the Airbus A320 Family stand at more than 3,500 aircraft, almost 2,500 of which have been delivered.

Airbus is an EADS joint company with BAE Systems.

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