GECAS to Lease Five Boeing 777s to Emirates

5 March 2007

DUBAI, U.A.E., 5 March 2007 – GE Commercial Aviation Service (GECAS) today announced it has signed an agreement with Emirates to lease five more Boeing 777-300ER aircraft.

All five aircraft, scheduled for delivery in the second half of 2008, will boast a three-class configuration, mini-suites in First Class, lie-flat seats in Business, spacious Economy seats, crew rest area and the very latest in inflight entertainment.

Today, Emirates has 23 Boeing 777-300ERs in its fleet and a firm order for 36 more, including the new lease order. By 2013, Emirates’ fleet will feature 59 of the -300ERs, 19 of these leased from GECAS. The 777-300ER brings twin-engine efficiency and reliability to the long-range market. At full passenger and cargo capacity, the aircraft can fly up to 5,300 nautical miles (9,815 kilometres), or easily non-stop from Dubai to New York.

Henry Hubschman, President and CEO of GECAS said: "We are delighted to partner once again with Emirates, one of the world’s leading airlines. We already share a close business relationship with Emirates, and this lease agreement further enhances our partnership. We look forward once again to fulfilling their expectations."

GE Commercial Aviation Services (GECAS) is the commercial aircraft financing and leasing business of GE and part of GE Infrastructure. GECAS 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 has offices in 23 cities around the world.

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