GECAS Leases Twelve 737 MAX8s to Jet Airways
GECAS has committed to lease twelve Boeing 737 MAX8s to Jet Airways (India) Limited with deliveries commencing from12 June 2018 and continuing into 2020. Six of these MAX aircraft will be from GECAS’ skyline order while the other six are from sale and lease back transactions from Jet Airways’ order book. The new technology aircraft are fitted with CFM-LEAP-1B27 engines.
As Jet Airways recently announced their commitment to adding 150 MAX8 aircraft to their existing fleet, Vinay Dube, Chief Executive Officer, Jet Airways, shared “Partnering with GECAS has enabled us to introduce these modern, fuel efficient aircraft into our fleet. These MAX aircraft from GECAS will be the first of its kind in India and we at Jet Airways are delighted that we are able to offer a superior customer experience to our guests.”
“Given its reliability and fuel efficiency, Boeing’s MAX8s are ideally suited to support the future fleet needs of Jet Airways,” notes GECAS’ SVP and Manager, Aashish Sonawala, adding “GECAS is honored to continue our twenty-plus year relationship with Jet Airways and we applaud their continued commitment to deliver a world class customer experience.”
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About GECAS
GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing. With 50 years of aviation finance experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, regional jets, turboprops, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting. GECAS owns or services a fleet of nearly 2,000 aircraft (1,685 fixed wing/ 310 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves ~250 customers in over 75 countries from a network of 25 offices. gecas.com
About Jet Airways
Jet Airways is India’s premier international airline which operates flights to 65 destinations, including India and overseas. Jet Airways’ robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations. Beyond India, Jet Airways operates flights to key international destinations in South East Asia, South Asia, Middle East, Europe and North America.
The Jet Airways Group currently operates a fleet of 120 aircraft, comprising Boeing 777-300 ERs, Airbus A330-200 / 300, Next Generation Boeing 737s and ATR 72-500/600s.
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