ORDER FOR 737 BY GECAS

In the first week of October 2012, GE Capital Aviation Services (GECAS) revealed that the leasing and finance company has finalised an order with for up to 100 B737 aircraft. The $6 billion order was first announced as a commitment at the Farnborough Air Show. The order calls for 75, 737 MAX 8, 10 Next-Generation 737-800 and includes an option for an additional 15 737-800. Time frame for delivery has not been announced by . “The 737 MAX will be a perfect complement to our broad portfolio of modern, fuel efficient aircraft that offer our airline customers the lowest operating costs,” said Norman CT Liu, President and CEO of GECAS. pated growth in air traffic over the next 20 years. According to the report, passenger traffic will grow at an average annual rate of 4.7 per cent through 2031, with “emerging economic regions” accounting for more than half of all air traffic growth. Airbus sees China as the single biggest market for new aircraft deliveries, followed by the United States, UAE and India. The report by Airbus also predicts that about 10,350 aircraft will be replaced by new efficient models by 2031. “Aside from growth in international traffic, by 2031 four of the world’s biggest traffic flows will all be domestic—the US, China, Intra Western Europe and India—and these account for a third of world traffic,” says John Leahy, Airbus Chief Operating Officer, Customers. “In 20 years from now, China’s domestic passenger traffic will overtake the US domestic traffic to become number one. Aviation is not just essential for international commerce, but also for domestic economies too.”