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GE Commercial Aviation Services
has signed a definitive agreement for the purchase of six Boeing Next-Generation 737-700s valued at approximately $330 million at list prices.
GECAS will lease the six new airplanes, along with six previously ordered 737-700s, to Sky Europe, a Central European low-cost low-fare airline, based in Bratislava,Slovakia. Sky Europe currently operates Boeing 737-500s.
Deliveries of the new airplanes will begin in 2006 and extend through 2007.
"The global popularity of the Next-Generation 737 family is an important attribute for leasing companies," said John Feren, vice president of Leasing & Asset
Management for Boeing Commercial Airplanes. "The 737 retains its value well and is the most reliable and economical airplane in its class, with excellent passenger
comfort."
GECAS has long been an important Boeing customer, offering the 737, 747, 757, 767 and 777 to operators. GECAS has been highly successful in placing Boeing
airplanes with operators from every continent, including many of the world's most prestigious airlines.
GE Commercial Aviation Services, a unit of GE Commercial Finance, is the commercial aircraft financing and leasing business of General Electric Co. With long-standing
customer relationships with more than 200 airlines in some 60 countries, GECAS has a fleet of more than 1,300 owned aircraft and offers a full range of
aircraft fleet and financing solutions, including operating leases and secured debt financing; engine leasing through its Engine Leasing unit and pilot training through its Aviation
Training unit. GECAS has offices in 21 cities worldwide.
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