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Xiamen Airlines To Lease Nine Boeing 737-800s From GECAS

17-Aug-2006

Xiamen (GE COMMERCIAL AVIATION SERVICES) - GE Commercial Aviation Services (GECAS) today announced it will lease nine new Boeing 737-800s to Xiamen Airlines. The first aircraft will be delivered in mid-2008 and are part of GECAS' existing order book with Boeing.

"We are delighted to expand our association with Xiamen Airlines as they continue their rapid growth in the China aviation sector," said Norman C.T. Liu, Executive Vice President, Commercial Operations for GECAS.

Established 21 years ago, Xiamen Airlines is the first airline in the People's Republic of China Organized as a business enterprise. Its two shareholders are China Southern Airlines Company Limited and Xiamen C & D Corporation Limited with 60 percent and 40 percent shares respectively. The airline currently operates an all-Boeing fleet of 38 737s and 757-200s on more than 100 domestic and international routes with Xiamen, Fuzhou, Jinjiang, Wuyishan, Hangzhou and Nanchang as its main hubs.

GE Commercial Aviation Services (GECAS) is the commercial aircraft financing and leasing business of GE and part of GE Infrastructure. GECAS has a fleet of 1,400 owned aircraft it leases to more than 225 airlines in some 70 countries, and it manages nearly 300 aircraft for others. GECAS offers a wide range of aircraft types and financing options, including operating leases and secured debt financing, and also offers productivity solutions including spare engine leasing, spare parts financing and management, and pilot training. GECAS has offices in 21 cities around the world.

GE Commercial Aviation Services is a CAPA Member. For more information on the Centre for Asia Pacific Aviation's membership service, please click the icon below. capagold.gif capaplatinum.gif

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