GE Capital Aviation Services Delivers Airbus A320 On Purchase and Leaseback with Tiger Airways Holdings

SINGAPORE, May 9, 2013 – GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced it has delivered a new leased Airbus A320 aircraft to Tiger Airways Singapore to expand the carrier’s fleet. The aircraft is the first of five scheduled for delivery in 2013 as part of a multiple aircraft purchase-and-leaseback transaction with Tiger Airways Holdings.

Tiger Airways Holdings, established in 2003, is the parent company of a group of budget carriers operating in the Asian region and Australia. The Group consists of wholly-owned Tiger Airways Singapore and Tiger Airways Australia, and partially-owned Mandala Airlines and SEAir. As of 30 April 2013, the Group’s fleet comprises 44 Airbus A320-family aircraft, averaging under three years of age. The group operates an extensive network covering over 50 destinations across 13 countries in the Asia Pacific.