GECAS Regional Aircraft Group Completes Purchase-and-Leaseback Transaction with Nok Air for Two New Bombardier Q400 NextGen Aircraft
OREANDA-NEWS. October 09, 2015. GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, today announced its Regional Aircraft Group delivered two new leased Bombardier Q400 NextGen turboprop aircraft to low-cost carrier Nok Air under a purchase-and-leaseback transaction.GECAS completed a similar purchase-and-leaseback with the carrier in 2014, also for two factory-new Q400 NextGen aircraft.
Formed in 2000, GECAS Regional Aircraft Group leases nearly 400 turboprop and regional jet aircraft to airline customers worldwide. Among leading industry lessors, GECAS has the broadest product mix of turboprop and regional aircraft in the world including ATR, Bombardier and Embraer aircraft.
Nok Air currently operates a fleet of more than 20 aircraft, each featuring a colorful livery resembling a bird. The airline serves 26 destinations.
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 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 over 2,150 aircraft (~1,840 fixed wing/ ~310 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves over 270 customers in over 75 countries from a network of 24 offices. www.gecas.com
GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com