TODAY

GE Capital Aviation Services, the commercial aircraft leasing and financing arm of GE,

announced at a press conference prior to the 2014 Singapore Air Show, that it has signed a contrat with Myanma Airways, the flag carrier of Myanmar, to lease 10 new Boeing narrow bodies. Deliveries of the new leased air-craft are scheduled to begin in June 2015 and come from GECAS’ existing order book with Boeing. The contract calls for six Boeing 737-800 models and four Boeing 737-8MAX models. The aircraft will be delivered through 2020.

Established in 1948, Myanma Airways is the state-owned airline of Myanmar, currently serving all major domestic destinations from its main base at Yangon International Airport. GECAS currently lease two Embraer E190 aircraft to Myanma Airways. In addition, GECAS’ AviaSolutions consulting business has signed a memorandum of understanding with the airline and will work with its senior management to develop a strategic growth plan for the airline with a focus on route and network development.