NOVEMBER 1, 2010
SINGAPORE –The race for low cost supremacy is on as GE Capital Aviation Services Ltd. (GECAS), the commercial aircraft leasing and financing arm of GE, today announced delivery of a new Airbus A320-200 aircraft to Philippine Airlines, Inc (PAL).
The delivery comes from GECAS’ existing order book with Airbus and is the first of 20 new A320s to be delivered by GECAS to PAL. The new aircraft will be operated by its low cost arm, Airphilippines Express.
Philippine Airlines currently operates a fleet of 50 aircraft, including Airbus A319s and A320s and Boeing 747s and 777s leased from GECAS.
Meanwhile, Cebu Pacific (CEB) took delivery of its 22nd brand-new Airbus aircraft from Toulouse, France.
This is the first of 22 more brand-new Airbus aircraft to be delivered until 2014. It joins the Philippines’ youngest aircraft fleet, now composed of 10 Airbus A319, 12 Airbus A320 and 8 ATR 72-500 aircraft. It has an average fleet age of 3.21 years.
CEB’s brand-new Airbus A320 is equipped with the latest avionics from Thales and Rockwell Collins, both global leaders in aviation electronics.
Both A320 aircraft will be based in Ninoy Aquino International Airport Terminal 3 to support flight increases and network expansion of the respective airlines.
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 23 cities around the world.
The delivery comes from GECAS’ existing order book with Airbus and is the first of 20 new A320s to be delivered by GECAS to PAL. The new aircraft will be operated by its low cost arm, Airphilippines Express.
Philippine Airlines currently operates a fleet of 50 aircraft, including Airbus A319s and A320s and Boeing 747s and 777s leased from GECAS.
Meanwhile, Cebu Pacific (CEB) took delivery of its 22nd brand-new Airbus aircraft from Toulouse, France.
This is the first of 22 more brand-new Airbus aircraft to be delivered until 2014. It joins the Philippines’ youngest aircraft fleet, now composed of 10 Airbus A319, 12 Airbus A320 and 8 ATR 72-500 aircraft. It has an average fleet age of 3.21 years.
CEB’s brand-new Airbus A320 is equipped with the latest avionics from Thales and Rockwell Collins, both global leaders in aviation electronics.
Both A320 aircraft will be based in Ninoy Aquino International Airport Terminal 3 to support flight increases and network expansion of the respective airlines.
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 23 cities around the world.
December 10, 2010
ReplyDeleteSingapore - GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced delivery of a new Airbus A320 aircraft to Philippine Airlines that will be operated by AirPhilippines Express.
The aircraft is part of GECAS’ existing order book with Airbus, and the 2nd brand new unit intended for the low cost subsidiary.
AirPhil Express now operates a fleet of 8 turboprop and 5 A320 jets that fly to 25 destinations. The 6th jet is expected to be delivered before the end of the year. Six more Airbuses would be added in 2011 and another six in 2012.