GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced delivery of three new Airbus A320 aircraft to Airphil Express in January and early February to help the carrier expand its fleet. All three aircraft are part of GECAS’ existing order book with Airbus.
As of January 2012, Airphil Express operates a fleet of 19 aircraft to 30 destinations with further routes planned in 2012. The airline carried 4 million passengers in 2011, recording a year-on-year increase of 122 percent. AirPhil Express projects it will carry close to 8 million passengers in 2012.
About GE Capital Aviation Services (GECAS)
GECAS (GECAS.com), the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,725 owned and managed aircraft with over 235 airlines in over 75 countries. GECAS offers a wide range of aircraft types and financing options, including operating leases and secured debt financing, and also provides productivity solutions including spare engine leasing, spare parts financing and management. GECAS, a unit of GE Capital, has offices in 24 cities around the world.
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