GE Places 39-Plane Order With Boeing

GE Commercial Aviation Services orders 15 777s, 24 737-800s.

GE Commercial Aviation Services (GECAS) said late Monday it has placed a 39-airplane order with Boeing for 15 777s and 24 737-800s.

The order, valued at approximately $5.34 billion, was booked in 2006 and previously listed on Boeings “Orders and Deliveries” website as unidentified. Delivers of the 777s and 737s will begin in 2008 and extend through 2010.

The order of 15 Boeing 777s is a mix of seven 777-300ER (Extended Range) passenger jetliners and eight 777 Freighters.

"Our airline customers tell us that the 777 is an ideal aircraft for their long-haul passenger and cargo needs," said Henry Hubschman, president and CEO of GECAS. "Because of this demand for future capacity expansion in the 2008-2010 timeframe, we already have customers lined up for many of these aircraft."

GECAS has been a long-time customer of Boeing, offering the 737, 747, 757, 767 and 777 to multiple operators.

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