Sun, Aug 07, 2011
747-8 Freighter A New Model For GECAS Aircraft Portfolio
A firm order for two 747-8 Freighters and eight 777-300ERs
(extended range) airplanes has been finalized between Boeing and GE
Capital Aviation Services (GECAS), the commercial aircraft leasing
and financing arm of General Electric. The order marks the
completion of an agreement originally announced during the Paris
Air Show in June. At list prices, the order is valued at $2.9
billion.
"We are pleased to finalize this contract for two 747-8
Freighters and eight 777-300ERs," said Norman C.T. Liu, president
and CEO of GECAS. "These 777s, along with the 777 order we placed
last March, will help us meet the growing airline demand for
long-haul passenger airplanes. The two 747-8 Freighters broaden our
cargo portfolio with an efficient freighter that enables our
customers to support the growing air cargo market."
The 747-8 Freighter is a new model for the GECAS portfolio of
airplanes.
"As a leader in the airplane leasing industry, GECAS recognizes
the Boeing 747 freighter family as the standard for the air cargo
market that delivers superior operational efficiency," said Marlin
Dailey, vice president of Sales & Marketing for Boeing
Commercial Airplanes. "The addition of GECAS to the 747-8 Freighter
customer base is another significant endorsement for our new cargo
airplane. The 747-8 Freighter economics and versatility will help
GECAS meet its customers' high expectations for quality and
performance. With the 777-300ER order, GECAS also continues to
demonstrate confidence in the airplane, taking its 777 order total
to 61."
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