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What Is GE Capital?  
User currently offlineUnitedairlines From United States of America, joined Oct 2010, 0 posts, RR: 0
Posted (14 years 1 month 3 weeks 1 day 17 hours ago) and read 2201 times:

An airline to transport workers of GE around? I see they have placed a lot of orders for aircraft. Are they that big?

11 replies: All unread, jump to last
 
User currently offlineGlobetrotter From United States of America, joined Feb 2000, 174 posts, RR: 0
Reply 1, posted (14 years 1 month 3 weeks 1 day 17 hours ago) and read 1753 times:

GE Capital is a leasing company. They buy planes to lease back to various commercial airlines. Hope that helps. I'm sure someone else can/will expound. . .

User currently offlineTrvlr From United States of America, joined Feb 2000, 4430 posts, RR: 21
Reply 2, posted (14 years 1 month 3 weeks 1 day 17 hours ago) and read 1751 times:

It leases planes to airlines. Full name is GE Capital Leasing Services, or GECAS.

Aaron G.


User currently offlineAgrodemm From Greece, joined Apr 2000, 401 posts, RR: 0
Reply 3, posted (14 years 1 month 3 weeks 1 day 14 hours ago) and read 1720 times:

GECAS stands for GE Capital Aviation Services.
They are indeed very big.



User currently offlineAad665 From Germany, joined Dec 1999, 232 posts, RR: 0
Reply 4, posted (14 years 1 month 3 weeks 1 day 11 hours ago) and read 1692 times:

Hi,

for your information, GE Capital is the world biggest non-bank finance company. Not Big, Huge!

At the beginning, they used GECAS to help to sell GE aircrafts engine. Now, GECAS finance any kind of airplane with any engines.

Have a wonderful night

aad665


User currently offlineMikeymike From United States of America, joined May 2000, 406 posts, RR: 2
Reply 5, posted (14 years 1 month 3 weeks 22 hours ago) and read 1474 times:

for all intents and purposes, another ILFC

User currently offlineJet Setter From , joined Dec 1969, posts, RR:
Reply 6, posted (14 years 1 month 3 weeks 19 hours ago) and read 1672 times:

They have a very good website at;
http://www.gecas.com
It includes aircraft specs of the A320 and B737NG families, and virtual tours of the cabins and flightdecks of an Aeroflot B767-300, Futura B737-800 and China Eastern A320.

Regards
JAMES


User currently offlineWishihadalife From , joined Dec 1969, posts, RR:
Reply 7, posted (14 years 1 month 3 weeks 19 hours ago) and read 1460 times:

I think ACVitale is the most qualified to answer this one.... ACV?....  

User currently offlineAcvitale From United States of America, joined Aug 2001, 922 posts, RR: 10
Reply 8, posted (14 years 1 month 3 weeks 4 hours ago) and read 1665 times:

GECAS is my employer. We are the largest aircraft leasing company in the world. We are much larger then ILFC. We own more planes then any airline. Our portfolio of aircraft valuation is in trillions of dollars.

Currenlty we lease to around 280 different airlines and companies with a portfolio that ranges from single engine piston planes to 744's. (Yes we have orders for A3XX's too)

We lease new aircraft with finance and operating leases. We also do aircraft leases on sale leaseback arrangements with operating leases. In addition to aircraft we lease engines, ground equipment, gates, and real-estate if it is aviation related. If not we have a non-aviation GE Capital division.

We also sell aircraft. Currently this year alone we have sold over 100 aircraft ranging from 727-100s to 767-300s. If you have a more specific question feel free to ask and I will try to answer.



User currently offlineDesertJets From United States of America, joined Feb 2000, 7780 posts, RR: 16
Reply 9, posted (14 years 1 month 3 weeks 3 hours ago) and read 1652 times:

Al,

Hypothetical question here. Say I am an airline and I need 3 767-300ERs... what are the typical timetables in getting an aircraft? Is it feasible to acquire the planes within 3-4 months? Or do these deals take longer?

Basically what I am curious about is how quickly an operator could get a plane from you guys ready to fly.

Thanks



Stop drop and roll will not save you in hell. --- seen on a church marque in rural Virginia
User currently offlineAcvitale From United States of America, joined Aug 2001, 922 posts, RR: 10
Reply 10, posted (14 years 1 month 2 weeks 6 days 17 hours ago) and read 1421 times:

The 767-300ERs are available near instantly. Generally, It would take around 2-3 weeks to get you them to allow for inspections and any necessary repairs, configuring the seating to your configuration and painting the aircraft in your livery. (Assuming GE engines. With PW 4K series engines it would be a bit longer as we currently have a small shortage on those. Would depend on who had them coming off lease.)

User currently offlineRayChuang From United States of America, joined Jun 2000, 8018 posts, RR: 5
Reply 11, posted (14 years 1 month 2 weeks 6 days 11 hours ago) and read 1404 times:

I didn't know that GECAS was bigger than ILFC!  

Actually, I believe that many of Europe's airlines fly fleets of A319/A320/A321 planes all leased from either GECAS or ILFC. Mostly because (I think) many European airlines can't afford to buy the plane for the long term and would rather get the plane on a lease. Given that CFM International engines power the majority of the A319/A320/A321 fleet and the A340's, GECAS must be able to wring out a pretty good deal on things like engine services. GECAS must be doing land office business with Inclusive Tour (IT) operators in Europe, since these companies almost by rule lease their planes.

In fact, I can almost say that when NW orders their replacement for the D10 fleet (e.g., either the 764 or A333), they might just do it through a GECAS long-term lease.


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