First Aircraft Leased Into Myanmar By GE Unit

GE Capital Aviation Services Limited (GECAS) has agreed to a deal to lease two Embraer E190 aircraft to Myanma Airways, the flag carrier of Myanmar. The aircraft are scheduled for delivery in November and December 2012.

“These two aircraft – which are modern, fuel-efficient aircraft powered by GE engines -- will help Myanma Airways expand its fleet, and their operations," said GECAS President and CEO Norman C.T. Liu. "This is another example of our strategy to build our business in emerging markets,” he added.

With this contract, Myanmar becomes the 76th country where GECAS leases aircraft. Myanma Airways Managing Director Than Tun added “We are delighted to begin working with established companies like GE and Embraer to help build and modernize our transportation infrastructure and expand the benefits of air travel to our citizens.”

The Embraer E190, powered by CF34-10E engines made by GE Aviation, will expand and modernize the Myanma Airlines fleet. The aircraft have ranges of up to 2,400 nautical miles and feature state-of-the-art, fly-by-wire technology that increase operating safety while reducing pilot workload and fuel consumption.

(File image provided by Embraer)

FMI: www.gecas.com