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GECAS to Lease Six Airbus A320s to Garuda’s Citilink

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GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing unit of GE, has signed an operating lease agreement for six new Airbus A320 aircraft with Garuda Indonesia’s Citilink unit. The aircraft will be powered by CFM56-5B engines.

The aircraft come from GECAS’ existing order book with Airbus and are scheduled for delivery in the first half of 2013.

The agreement was signed by Citilink Garuda EVP Finance and Citilink CEO Elisa Lumbantoruan, and GECAS Asia Pacific VP Sales David Settergen. It was witnessed by Emirsyah Satar, President & CEO Garuda Indonesia and Norman Liu, President & CEO of GECAS.

“This agreement is part of Garuda’s ongoing fleet revitalization with brand new aircraft from Airbus and Boeing,” said Emirsyah Satar, President & CEO Garuda Indonesia. “These aircraft will help modernize Citilink with new, reliable aircraft.”

Garuda Indonesia, the national flag carrier of Indonesia, is a full-service network carrier serving 32 domestic and 17 international destinations. The airline’s main hubs in Indonesia are located in Jakarta, Denpasar, and Makassar.

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