EgyptAir to Lease 6 Boeing 777-300ER Passenger Aircraft From GE Commercial Aviation Services (GECAS)

Dubai, UAE & Stamford, Connecticut , November 12, 2007:

GECAS announced today that it entered into its first business agreement with EgyptAir airlines for the lease of six (6) Boeing 777-300ER widebody aircraft.  “These new Boeing 777-300ER aircraft will allow us to further grow our long-haul routes and offer more premium service to our customers.  We are also pleased to begin a new working relationship with GECAS.”  Said Captain Sherif Galal, Chairman/ CEO EgyptAir Airlines.

 "GECAS is delighted to enter into this new business relationship with EgyptAir.” said Norman C.T. Liu, Executive Vice President, Commercial Operations for GECAS Limited.   “The 777-300ER is a world-class airplane that is setting new standards for operational reliability and efficiency”.

EgyptAir is the national airline of the Egypt, based in Cairo.   Over the last 75 years, EgyptAir has been at the forefront of aviation in the Middle East and Africa.  It was first airline in the Middle East and Africa and the seventh in the world to join IATA, and is a recognized name around the world.  Currently, EgyptAir has 48 aircraft serving 60 destinations in 44 Countries through 1,200 weekly flights.  In 2006/2007, EgyptAir, carried more than 6.5 million passengers.
In 2004, EgyptAir was recognized for its commitment to the highest standards of safety by being the first IOSA certified airline in the Middle East and Africa.

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 28 cities around the world.

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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