OREANDA-NEWS. GE Capital Aviation Services Limited (GECAS), the commercial aircraft financing and leasing arm of GE, today announced it completed a purchase-and-leaseback transaction with a new customer, PT Batik Air Indonesia, for four new Airbus A320 aircraft.

GECAS delivered the first aircraft earlier this month. The remaining three aircraft will deliver throughout the rest of 2015. All aircraft are to expand the airline’s fleet. Batik Air, a subsidiary of Lion Group, currently operates a fleet of more than 25 aircraft to a dozen destinations in Indonesia.Batik Air, a subsidiary of Lion Group, currently operates a fleet of more than 25 aircraft to a dozen destinations in Indonesia.

About GE Capital Aviation Services (GECAS)

GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing.  With over 45 years of experience, GECAS offers a wide range of aircraft types including narrowbodies, widebodies, regional jets/props, 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 over 2,200 aircraft (1,900 fixed wing/300 rotary wing) in operation or on order, plus provides loans collateralized on an additional 400 aircraft.