GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing unit of GE, announced two new transactions with AVIANCA TACA involving 16 Airbus aircraft.

GECAS signed a purchase and leaseback transaction for two new Airbus A330-200s and four new Airbus A320s. The aircraft are part of AVIANCA TACA’s existing order book with Airbus. Two of the A320s will be operated by Taca, the remainder will be operated by Avianca. Additionally, GECAS has leased 10 Airbus A318s to Avianca.

“We are pleased to contribute to the fleet renewal and growth of AVIANCA TACA with these two transactions,” said Norman C.T. Liu, president and CEO, GECAS.

Fabio Villegas, CEO of AVIANCA TACA noted: “It has been very important for AVIANCA TACA to have GECAS as our strategic partner in the modernization of our aircraft fleet. They have supported this transition to a fleet made up entirely of Airbus aircraft for passengers to enjoy their travels in the Americas and throughout the world.”

Source: GE press release