GE Capital Aviation Services Signs Purchase-and-Leaseback Deal with TUI Travel for Two Boeing 787-8 Dreamliners

SHANNON, Ireland, March 13, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, today announced a purchase-and-leaseback agreement with TUI Travel for two new Boeing 787-8 Dreamliners. The aircraft are scheduled for delivery in May and June 2014 and will become the first 787 models in the GECAS fleet. GECAS placed an order directly with Boeing in September 2013 for 10 of the Boeing 787-10 Dreamliner models. These aircraft are scheduled for delivery beginning in 2019.

About GE Capital Aviation Services (GECAS)

GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,620 owned and serviced aircraft with over 230 airlines. With 40+ years of industry experience, GECAS is recognized as the pre-eminent airline leasing company in the world, offering a wide range of aircraft types and financing options, including operating leases and secured debt financing. GECAS also provides an ever expanding array of productivity solutions including spare engine leasing, airport and airline consulting services, and spare parts financing and management. GECAS, a unit of GE Capital, has offices in 23 cities around the world, and services customers in 74 countries. (www.GECAS.com) GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

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