Singapore, GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced it will lease two modern Embraer E190 aircraft to Myanma Airways, the flag carrier of Myanmar.
The aircraft are scheduled for delivery in November and December 2012.
Norman C.T. Liu's GECAS' president and CEO said, “GECAS is very pleased to be partnering with the flag carrier of Myanmar. These two aircraft – which are modern, fuel-efficient aircraft powered by GE engines -- will help Myanma Airways expand its fleet, and their operations. This is another example of our strategy to build our business in emerging markets.”
With this contract, Myanmar becomes the 76th country where GECAS leases aircraft.
Than Tun, Myanma Airways' Managing Director added, “We are delighted to begin working with established companies like GE and Embraer to help build and modernize our transportation infrastructure and expand the benefits of air travel to our citizens.”
The Embraer E190, powered by CF34-10E engines made by GE Aviation, will expand and modernize the Myanma Airlines fleet. Over 1,000 orders for E-Jets have been placed and over 800 units delivered, to date. The aircraft have ranges of up to 2,400 nautical miles (4,448 kilometers) and feature, fly-by-wire technology.
About Myanma Airways
Established in 1948,
is the only state-owned airline of Myanmar, currently serving all major domestic destinations from its main base at Yangon International Airport. At the end of 2012, it will launch international flights as the national flag carrier of Myanmar.