GECAS announced Friday that it reached agreement with Emirates on the purchase/leaseback of eight GE90-115B engines. EK Senior VP-Corporate Treasury Brian Jeffery noted that the deal is the carrier's "first engine sale and leaseback transaction and is important for Emirates in that it gives us a great deal of operational flexibility for a significant part of our engine fleet." GECAS also reached a sale/leaseback agreement with Air Berlin covering four CFM56-powered A320-200s scheduled for ...

Subscribe to Access this Entire Article

"Other News - 04/12/2010" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.