GECAS Regional Aircraft Group completes purchase-and-leaseback transaction with Nok Air

GE Capital Aviation Services (GECAS) announced that its Regional Aircraft Group delivered two new leased Bombardier Q400 NextGen turboprop aircraft to low-cost carrier Nok Air under a purchase-and-leaseback transaction. GECAS completed a similar purchase-and-leaseback with the carrier in 2014, also for two factory-new Q400 NextGen aircraft. Formed in 2000, GECAS Regional Aircraft Group leases nearly 400 turboprop and regional jet aircraft to airline customers worldwide. Nok Air currently operates a fleet of more than 20 aircraft, each featuring a colorful livery resembling a bird. The airline serves 26 destinations.