China Cargo To Lease Six Boeing 777-200LR Freighters from GECAS and Enters into a Sales/ Leaseback Agreement for Six MD-11 Freighters 

 

GE Commercial Aviation Services (GECAS) announced today an agreement with China Cargo covering twelve wide-body freighter aircraft.              

 

(Shannon, Ireland, April 2, 2008)

"We are very pleased to assist China Cargo with their expansion plans, with the lease of these six highly efficient Boeing 777-200LR Freighters,” said Norman C.T. Liu, Executive Vice President, Commercial Operations for GECAS.  Additionally, GECAS will purchase, then leaseback six China Cargo MD-11 Freighters from their existing fleet

“GECAS has proved itself a valuable business partner,” said Zhao Yu Hua, President of China Cargo.  “These new 777-200LR Freighters will allow us to both grow our route network and improve efficiencies.”

About GECAS

GE Commercial Aviation Services (GECAS), the US and Irish commercial aircraft financing and leasing businesses of GE, has a fleet of 1,475 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.

 

About China Cargo

China Cargo Airlines Ltd., jointly established on August 18th, 1998 by China Eastern Airlines Co. Ltd. and China Ocean Shipping (Group) Company, is the first Chinese airline solely specializing in cargo and mail transport with its bases located in Shanghai Hongqiao International Airport and Shanghai Pudong International Airport. 

 

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

 

Return to Latest News