GE Capital Aviation Services To Lease Five New A320s, Two New A321s to Juneyao Airlines

SHANGHAI, December 20, 2012 – GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced it will lease five new Airbus A320 aircraft and two new A321 aircraft to Juneyao Airlines to expand the airline’s fleet.

GECAS delivered the first two A320 aircraft in September and October. The remaining A320s are scheduled for delivery in 2013 and the two A321s are scheduled for delivery in 2014. All seven aircraft come from GECAS’ existing order book with Airbus.

Juneyao started operations in 2006 as one of China’s private airlines. Today it operates a fleet of more than 30 aircraft to some 50 destinations in China, serving mainly business travelers between Shanghai and the manufacturing region of the Pearl River Delta.