GE Capital Aviation Services (GECAS), the aviation leasing and financing arm of GE, has ordered 60 Airbus A320neo aircraft, worth $6.4bn (5.69bn).
The big-ticket deal was announced at the Paris air show, bringing GE’s fleet of the A320neo aircraft to 120.
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"We continue to see demand from our customers for reliable and fuel-efficient narrow body aircraft like the A320neo and this order positions GECAS to meet that demand," said Norman C.T. Liu, President and chief executive of GECAS.
GECAS is part of the ring-fenced leasing business that the US corporation will keep, along with medical equipment and power generation and electrical grid equipment, after announcing the sale of its lending and banking arm in April.
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