News Column

EVA Airways to Lease Six New Boeing 777-300ERs from GE Capital Aviation Services

July 28, 2014



ENP Newswire - 28 July 2014

Release date- 25072014 - TAIPEI, Taiwan - GE Capital Aviation Services Limited, the commercial aircraft leasing and financing unit of GE, has signed an agreement to lease four Boeing 777-300ER aircraft to EVA Airways, following a lease of two B777-300ER aircraft in February 2014.

Delivery of the six aircraft is scheduled for 2016 and 2017.

The B777-300ERs will modernize EVA's long-range fleet with high fuel-efficiency, more payload capabilities and additional flexibility in serving the nonstop routes stemmed from Taipei, Republic of China.

'We have a strong and positive long-term relationship with EVA that dates back more than 10 years ago,' said Norman C.T. Liu, president and chief executive officer of GECAS. 'We are delighted to help them upgrade and expand their fleet with the latest long-haul aircraft available.'

'GECAS is a leader in providing flexible solutions for the leasing and financing of aircraft. With its global expertise, GECAS continuously offers fleet solution that meets EVA's operational and financial needs. The conclusion of leasing six B777-300ERs reflects the unique strength of GECAS and long-term mutual respectful business relationship between EVA and GECAS.' said KW Chang, Chairman of EVA Airways.

GECAS currently lease 11 aircraft to EVA including three Airbus A330-200s, four A321-200 and four Boeing 747-400SF freighters. GECAS signed an agreement in 2011 to lease eight A321-200s to EVA and will deliver remaining three A321-200s in 2014.

EVA Airways began operations in 1991 and is now one of the fastest growing airlines in Asia. With an extensive fleet of 68 aircraft, EVA operates passenger and cargo routes to 66 cities around the world. EVA Airways is a member of Star Alliance since June 18th, 2013.

Contact:

Tel: 203-585-2268

Email: gecasnews@ge.com

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 1,600 owned and serviced aircraft with over 230 airlines. With 40+ years of industry experience, GECAS is recognized as the pre-eminent airline leasing company in the world, offering a wide range of aircraft types and financing options, including operating leases and secured debt financing.

GECAS also provides an ever expanding array of productivity solutions including spare engine leasing, aviation consulting services, and spare parts financing and management. GECAS, a unit of GE Capital, has offices in 23 cities around the world, and services customers in 75+ countries. (www.GECAS.com)

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.


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Source: ENP Newswire


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