The order marks the completion of an agreement originally announced during the Paris Airshow in June. At list prices, Boeing values the order at...

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, has finalized a firm order for two Boeing 747-8 Freighters and eight Boeing 777-300ERs.

The order marks the completion of an agreement originally announced during the Paris Airshow in June. At list prices, Boeing values the order at $2.9 billion.


“We are pleased to finalize this contract for two 747-8 Freighters and eight 777-300ERs,” says Norman Liu, president and CEO of GECAS. “These 777s, along with the 777 order we placed last March, will help us meet the growing airline demand for long-haul passenger airplanes. The two 747-8 Freighters broaden our cargo portfolio with an efficient freighter that enables our customers to support the growing air cargo market.”

Boeing announced on June 21, 2011 at the Paris Airshow that GE Capital Aviation Services (GECAS) had agreed to purchase two 747-8 Freighters and eight 777-300ERs. Pictured here are a 747-8 Freighter and 777-300ER in the GECAS house livery

The Boeing 747-8 Freighter is a new model for GECAS leasing portfolio of aircraft.

“As a leader in the airplane-leasing industry, GECAS recognizes the Boeing 747 freighter family as the standard for the air cargo market that delivers superior operational efficiency,” remarks Marlin Dailey, vice president of sales & marketing for Boeing Commercial Airplanes. “The addition of GECAS to the 747-8 Freighter customer base is another significant endorsement for our new cargo airplane. With the 777-300ER order, GECAS also continues to demonstrate confidence in the airplane, taking its 777 order total to 61.”

The firming of GECAS’ order comes as Boeing celebrates the completion of certification flight-testing for the 747-8 Freighter. Boeing expects the Federal Aviation Administration to award full operational certification for the aircraft in time for the manufacturer to deliver the first customer 747-8F to launch customer Cargolux in September.