GE Commercial Aviation Services (GECAS) announced today it has leased one Airbus A320 to the flag carrier airline of Macau, Air Macau.

 

(Stamford, Connecticut, July 2, 2007) "We are very pleased to have leased our first aircraft with Air Macau, one of the fastest-growing airlines in Asia," said Norman C.T. Liu, Executive Vice President, Commercial Operations for GECAS.

“GECAS is one of the largest and most respected aviation leasing companies in the world, we are happy to work with them, and receive the A320 aircraft which will help us in meeting our regions’ increasing demand for efficient air travel.  ” said David Fei, CEO Air Macau.

As its next marketing and fleet growth plan designed to meet the rising demand by the emerging casino industry, Air Macau is scheduled to launch a new passenger service to Osaka, Japan this summer.   They also plan to add wide body passenger aircraft to its existing narrow body fleet in the future.

GE Commercial Aviation Services (GECAS), the US and Irish commercial aircraft financing and leasing businesses of GE, has a fleet of 1,450 owned aircraft it leases to more than 230 airlines in some 70 countries, and it manages nearly 300 aircraft for others. GECAS offers a wide range of aircraft types and financing options, including operating leases and secured debt financing, and also offers productivity solutions including spare engine leasing and spare parts financing and management. GECAS, a unit of GE Infrastructure, has offices in 24 cities around the world.

Air Macau was established on 13 September 1994. Its commercial inauguration was in November 1995. Air Macau is a regional company based in Macau. Currently, our destinations include Beijing, Chengdu, Guilin, Haikou, Sanya, Kunming, Nanjing, Shanghai, Shenzhen, Xiamen, Hangzhou, Changsha, Guiyang, Manila, Seoul, Busan, Bangkok, Kaohsiung and Taipei.  Air Macau’s fleet includes, 7 Airbus A321, 1 Airbus A320, 5 Airbus A319, 1 Airbus A300-600R and 5 A300B4F freighters.

GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. www.ge.com.

Contacts:   Mark Tender, GECAS, 203-357-6978

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