GECAS to Lease 10 New Boeing Aircraft to Myanma Airways

[HD video below] GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, has signed a contract with Myanma Airways, the flag carrier of Myanmar (Burma), to lease 10 new Boeing narrow bodies.

Deliveries of the new leased aircraft are scheduled to begin in June 2015 and come from GECAS’ existing order book with Boeing.

The contract calls for six Boeing 737-800 models and four Boeing 737-8MAX models. The aircraft will deliver through 2020.

Established in 1948, Myanma Airways is the state-owned airline of Myanmar, currently serving all major domestic destinations from its main base at Yangon International Airport.

“We are delighted to work with GE Capital Aviation Services to develop and upgrade our airline fleet and expand routes into key markets in the region,” said Captain Than Tun, Myanma Airways Managing Director. “Our collaboration with a leading multinational U.S. company like GE will benefit the airline and the economy of Myanmar.”

GECAS currently leases two Embraer E190 aircraft to Myanma Airways. In addition, GECAS’ AviaSolutions consulting business has signed a memorandum of understanding with the airline and will work with its senior management to develop a strategic growth plan for the airline with a focus on route and network development.

GECAS to Lease 10 New Boeing Aircraft to Myanma Airways - Press Conference in HD

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