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GE Capital Aviation Services Orders 12 Airbus A330neo and 20 A321XLRs

Updated: Jan 11, 2020

At the 2019 Dubai Airshow Tuesday, Airbus announced that GECAS has placed a firm order for 12 A330neo and 20 A321XLR aircraft.

GECAS Airbus A330-900 - Courtesy Airbus

Today, Airbus announced that GE Capital Aviation Services (GECAS), the aircraft leasing and finance arm of General Electric (NYSE: GE), has placed a substantial aircraft order at the Dubai Airshow. The firm order consists of 12 A330neo widebody and 10 A321XLR (extra long range) jets. The A321XLR order includes a new order for 13 aircraft and a conversion (upsizing) of 7 from the firm’s A321 backlog. Today’s order brings GECAS’ total orders to 45 A330 Family and 588 A320 Family aircraft. Commenting on the order, Airbus’ CEO, Christian Scherer said,

“Having one of the world’s most respected and influential lessors invest in the A321XLR and the A330neo, speaks volumes on their global appeal, versatility and solid value as an asset. Airbus thanks GECAS on its wise investment and endorsement of the A330neo.”

The newest generation of the A330 Family, the A330neo range includes two models, the A330-800 and A330-900, which share 99% commonality. The A330neo family promises a fuel burn reduction of 25% versus previous generation competitor products, as well as a range extension of 1,500 nautical miles (2,778 kilometers) compared to older A330’s. The aircraft is powered by the latest generation Rolls-Royce Trent 7000 engines.

The Airbus A321XLR is the longest-range narrow body aircraft flying today. In addition to reduced fuel burn, the A321XLR opens new routes by offering a range of up to 4,700 nautical miles (8,704 kilometers).

Source: Airbus


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