GECAS Finalizes Order for 10 Boeings

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, has finalized a firm order with Boeing for two 747-8 Freighters and eight 777-300ERs (extended range) airplanes.

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.

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