GECAS Leases Two 737-800s, Two CRJ-200s To New Customers Shanghai Airlines

23 January 2004

STAMFORD, Conn., January 23, 2004 - GE Commercial Aviation Services (GECAS) today announced it is leasing two new Boeing 737-800 aircraft to Shanghai Airlines Co., Ltd, of the Peoples Republic of China. The first aircraft was delivered to the airline today and the second will be delivered in March 2004.

In addition, GECAS announced it will lease two Bombardier CRJ-200 regional jets to Shanghai Airlines. The aircraft are currently on lease with another airline customer and will be delivered to Shanghai Airlines in June and December of 2004.

“We are pleased to add a strong and growing airline such as Shanghai among our airline customers,” said Norman C.T. Liu, executive vice president, commercial operations for GECAS.

Shanghai Airlines is one of the largest regional air carriers in China with approximately 120 domestic routes and scheduled flights to Vietnam.

Since 1988, GECAS has placed more than 130 aircraft on lease in China with 17 different airlines.

GE Commercial Aviation Services (GECAS), a unit of GE Commercial Finance, is a leading provider of fleet, financing and productivity solutions to the global aviation industry. With long-standing customer relationships with more than 200 airlines in some 60 countries, GECAS has a fleet of some 1,200 owned aircraft and manages nearly 300 for others. GECAS offers a full range of aircraft fleet and financing solutions, including operating leases, finance leases and secured debt financing; engine leasing through GE Engine Leasing; pilot training through GE Commercial Aviation Training; and productivity services through its affiliate network. GECAS is headquartered in Stamford, Conn., and has regional offices in New York, Chicago, Miami, Beijing, Hong Kong, Singapore, Tokyo, Dubai, Vienna, Toulouse, Luxembourg and Shannon, Ireland.

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