GECAS and Virgin America sign lease agreement for 10 Airbus A321neo aircraft

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE,  has signed an agreement with Virgin America, to lease 10 new Airbus A321neo aircraft powered by CFM’s LEAP-1A engines to expand the carrier’s fleet. The first aircraft is scheduled for delivery in Q1 2017 and the remainder will deliver in 2017 and 2018. All 10 aircraft are part of GECAS’ existing orderbook with Airbus.