SINGAPORE - GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing subsidiary of GE, today announced it signed a lease agreement with South Korean low-cost carrier Jeju Air for two Boeing 737-800 aircraft. 

The aircraft are scheduled for delivery in 2014 to expand the carrier’s fleet. Jeju Air currently operates 13 Boeing 737-800s, its first delivered in 2008. 

JejuAir (Hangul: 제주항공; RR: Jeju Hanggong) is based in Jeju City, Jeju-do, South Korea, offering scheduled domestic services between Jeju and the South Korean mainland out of Jeju International Airport or Gimpo International Airport, Seoul, it maintains three domestic routes and 15 international routes.

It is owned by the Aekyung Group (81.7 percent) and the Jeju Provincial Government (4.54 percent). Jeju Air have marked 30 percent annual passenger growth the last three years.