15 July 2018

Following the delivery last week of Okay Airways’ first leased Boeing 737 MAX 8, GECAS signed another contract with Okay Airways for the purchase-and-leaseback with pre-delivery payment financing of two Boeing 737 MAX 8s. The aircraft, fitted with CFM LEAP-1B engines, are scheduled for delivery in July and September 2019. Established in 2004, Okay Airways

Embraer forecasts demand for 10,550 new aircraft with up to 150 seats worldwide, worth US$ 600 billion, over the next 20 years. The in-service fleet is set to increase to 16,000 aircraft, up from the 9,000 aircraft currently in operation. Market growth will drive 65% of this demand, while the remaining 35% will replace ageing

GE Aviation has successfully completed one-third of the 25 major test campaigns required for certification of the GE9X and is on track to certify the engine next year. GE9X, the largest commercial engine, will power Boeing’s new 777X aircraft. Completed tests include crosswind operability, high-pressure turbine stress, icing, emissions, water ingestion and the first phase