GE Capital Aviation Services Delivers Airbus A320 to Air Berlin
SHANNON, Ireland, February 25, 2011 – GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing unit of GE, announced the delivery of a new Airbus A320 to Air Berlin as part of a purchase and leaseback transaction.
Air Berlin, the third-largest low-cost airline in Europe, operates a fleet of 170 aircraft to more than 168 destinations in 40 countries.
About GE Capital Aviation Services (GECAS)
GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,800 owned and managed aircraft with approximately 245 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 25 cities around the world.
GE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com. GE is Imagination at Work.