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GE
Commercial Aviation Services (GECAS), a unit of GE Commercial Finance, has signed a
contract to purchase 20 Embraer 190 aircraft, with conversion rights to
Embraer 195s. The commercial aircraft leasing company will take delivery of the aircraft beginning
in mid-2006. The value of the order totals US$ 650 million, at list price.
“GECAS was one of our first E-Jet customers and has had great success placing our
aircraft in the Americas, Asia and Europe,” said Maurício Botelho, Embraer
President and CEO. “This order further strengthens the position of our E-Jet family in the commercial
aviation market worldwide.”
"The Embraer family of 70- to -110-seat jets is a popular choice among airlines around the
world," said Henry Hubschman, President of GECAS. "This order enables GECAS to
better serve our airline customers with flexible leasing solutions to meet their fleet
management needs.”
Including
this order, GECAS has firm commitments for a total of 70 E-Jets.
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, secured debt financing, engine leasing, spare parts
financing and management, and pilot training.
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