GECAS

Air Canada | August 01, 2016

Air Canada closed a sale-and-leaseback for two Boeing 787-9s with GECAS during the second quarter, part of a nearly 7% increase in long-term debt and obligations.The Montreal-based carrier realised a C$351 million ($268 million) gain from the sale-and-leaseback during the period, it says in its quarterly financial statements. The operating leases are for 12-year terms....

GECAS | June 19, 2017

Leasing company GECAS has converted 20 existing Boeing 737 Max orders to the newly launched Max 10 variant. GECAS has 170 Max jets on order, making it the type's largest customer among lessors, notes Boeing. Flight Fleets Analyzer indicates that, before the conversion, all of GECAS's Max orders were for the Max 8....

Airline Economics | June 08, 2018

CSALP, based in Mirabel, was originally established between Bombardier and IQ, and will now benefit from Airbus’ global reach, scale, procurement organization and expertise in selling, marketing and producing the C Series aircraft. As previously announced, Bombardier will continue with its current funding plan of CSALP. Bombardier will fund the cash shortfalls of CSALP, if required, during the second half of 2018, up to a maximum of US$225 million; during 2019, up to a maximum of US$350 mi...

Airwise | January 18, 2019

Brazil’s civil aviation regulator ANAC had moved to cancel the registration of the A320s after GECAS petitioned for their return for non-payment of lease fees.ANAC said the aircraft would be withdrawn from the Aeronautical Registry within five days, and the airline required to return them to GECAS immediately.But after a Friday court hearing, ANAC announced that Avianca Brazil and GECAS had agreed “that the leasing of the aircraft to Avianca would continue.As a result of the agreemen...