AviaSolutions Consulting Business (part of GECAS) Signs MOU with Myanma Airways for Strategic Growth Plan
SINGAPORE, February 11, 2014 — GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, today announced its AviaSolutions consulting business signed a memorandum of understanding (MOU) with Myanma Airways, the flag carrier of Myanmar, to create and implement a strategic growth plan for the airline.
AviaSolutions will work with the airline’s senior management on the project that includes an international expansion strategy utilizing the airline’s newly leased Boeing narrow bodies to serve the business and tourism sectors.
GECAS announced it will lease six Boeing 737-800 models and four Boeing 737-8MAX models to Myanma Airways with deliveries beginning in 2015. The aircraft come from GECAS’ existing order book with Boeing.
” We are delighted to be supporting the national airline, Myanma Airways in this period of growth for both the country and the airline. It is an exciting project and one that will leverage our airport and airline expertise.” said John Carter, Managing Director, AviaSolutions.
Founded in 2001, AviaSolutions has deep knowledge and experience in the air transport industry, helping airports and airlines improve their operations at every level of the business. Since 2004, AviaSolutions has been involved in nearly every major airport transaction around the world on either the buy or sell side.
The AviaSolutions team includes aviation professionals that have hands-on experience with the issues facing airports and airlines alike, fused with top-tier strategic consultancy principles and detailed financial modeling expertise. AviaSolutions has delivered projects in more than 40 countries across the world. (www.aviasolutions.com)
Established in 1948, Myanma Airways is the only state-owned airline of Myanmar, currently serving all major domestic destinations from its main base at Yangon International Airport.
About GE Capital Aviation Services (GECAS)
GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,630 owned and serviced aircraft with over 230 airlines. With 40+ years in the industry, GECAS is recognized as the pre-eminent airline leasing company in the world, offering a wide range of aircraft types and financing options, including operating leases and secured debt financing. GECAS also provides an ever-expanding array of productivity solutions including spare engine leasing, airport and airline consulting services, and spare parts financing and management. GECAS, a unit of GE Capital, has offices in 23 cities around the world, and services customers in over 75 countries. (www.GECAS.com)
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company’s website at www.ge.com