GE Capital Aviation Services Delivers First of Eight Leased ATR72-600s to Brazil’s Azul and Trip
Further, GECAS is leasing three aircraft from GECAS' existing orderbook with ATR to Trip.
"Azul and Trip are very fast growing airlines in the region and need aircraft to keep pace with that growth. We are doing more than simply financing this transaction; we're helping our customer build their fleet," said Gilberto Peralta, GECAS senior vice president and region manager for Latin America and the Caribbean.
"GECAS has a historically important presence in the Brazilian market and the partnership with Azul has been of great value to our business," said John Rodgerson, Azul's CFO.
Azul operates a fleet of some 57 aircraft while Trip operates 58 aircraft. The two airlines announced plans to merge in May and await final regulatory approval. Combined, the two reach almost 100 destinations in Brazil.