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GECAS orders six 777 Freighters

6/21/2007 10:32:22 AM

GE Commercial Aviation Services (GECAS) has placed an order for six Boeing 777 Freighters worth approximately $1.42 billion at list prices.

This announcement increases the number of 777s GECAS has ordered directly from Boeing to 39, which includes fourteen 777 Freighters.

To date, GECAS has taken delivery of 15 777s. The agreement allows GECAS to substitute other 777 passenger models, if necessary, in the future.

The first 777 Freighter will be delivered in Q4 2008. To date, 78 777Fs worth about $18.5 billion at current list prices have been sold to ten customers around the world.

GECAS has successfully placed Boeing airplanes (737, 747, 757, 767 and 777) with operators on every continent, including many of the world's most prestigious airlines. Since GECAS placed its first order in 1995, the leasing company has accumulated 378 orders for Boeing airplanes.

GECAS has a fleet of 1,450 owned aircraft it leases to more than 230 airlines in some 70 countries, and manages nearly 300 aircraft for others.

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