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GECAS
GECAS (GE Capital Aviation Services) was an Irish–American commercial aviation financing and leasing company. AerCap acquired the company from GE Capital on November 1, 2021. GECAS was the largest commercial airline leasing/financing company in the world by number of aircraft. The company offered many aviation finance services, including aircraft leasing, aircraft lending, engine leasing, asset management, and aircraft consulting. In terms of aircraft leasing, GECAS purchased aircraft from manufacturers such as Airbus and Boeing, and then leased them to airlines, typically for about eight years, and usually on dry lease contracts. GECAS also offered purchase leasebacks. The company had two global headquarters in Shannon, Ireland, and Norwalk, Connecticut. The company had over 575 employees and 26 offices throughout the world. GECAS had a fleet of over 1,970 aircraft, operated by 270 clients in over 75 countries. GECAS' primary competitor was AerCap, with other competitors incl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boeing 777
The Boeing 777, commonly referred to as the Triple Seven, is an American long-range wide-body airliner developed and manufactured by Boeing Commercial Airplanes. It is the world's largest twinjet. The 777 was designed to bridge the gap between Boeing's other wide body airplanes, the twin-engined 767 and quad-engined 747, and to replace older DC-10s and L-1011 trijets. Developed in consultation with eight major airlines, with a first meeting in January 1990, the program was launched in October, with an order from United Airlines. The prototype was rolled out in April 1994, and first flew in June. The 777 entered service with the launch customer, United Airlines, in June 1995. Longer range variants were launched in 2000, and were first delivered in 2004. It can accommodate a ten–abreast seating layout and has a typical 3-class capacity of 301 to 368 passengers, with a range of . It is recognizable for its large-diameter turbofan engines, six wheels on each main landing g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guinness Peat Aviation
Guinness Peat Aviation (GPA) was a Commercial Aircraft Sales and Leasing company set up in 1975 by Aer Lingus, the Guinness Peat Group (a London-based financial services company) and Tony Ryan, then an Aer Lingus executive. History GPA was based in Shannon, Ireland. During the 1980s it became the world's largest commercial aircraft lessor and expanded its shareholding to include Air Canada, General Electric, Short Term Credit Bank of Japan and companies in the Mitsubishi group. GPA also had financing joint ventures with key aircraft manufactures, including Airbus, Fokker and McDonnell Douglas. At its peak, the company was valued at $4 B. Net income reached $265 M in the year to 31 March 1992. Former Taoiseach Garret FitzGerald, former British chancellor of the exchequer Nigel Lawson, Peter Sutherland and the former Chairman of ICI, Sir John Harvey-Jones, were among GPA's non-executive directors. Lawson joined the board of GPA in February 1990 but he also became chairman of G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AerCap
AerCap Holdings N.V. is an Irish aircraft leasing company based in Dublin. It became the largest aircraft leasing company in the world after acquiring International Lease Finance Corporation (ILFC) in 2014, then GECAS from General Electric in 2021. Its assets include wide-body aircraft, regional jets, cargo aircraft, aircraft engines, and helicopters. General Electric owns 45.4% of the company. Business Portfolio As of December 31, 2021, it had 3,701 aircraft, engines and helicopters owned, on order or managed, including 1,756 owned aircraft, 196 managed aircraft, 417 new aircraft on order, with a weighted average age of 7.1 years, and over 900 owned and managed aircraft engines, primarily manufactured by General Electric and CFM International. Through Milestone Aviation Group, its subsidiary, it owns 355 helicopters. The company is one of the largest purchasers of aircraft from Boeing, Airbus, and Embraer and one of the largest purchasers of aircraft engines from CFM Internat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dry Lease
Aircraft leases are leases used by airlines and other aircraft operators. Airlines lease aircraft from other airlines or leasing companies for two main reasons: to operate aircraft without the financial burden of buying them, and to provide temporary increase in capacity. The industry has two main leasing types: wet-leasing, which is normally used for short-term leasing, and dry-leasing which is more normal for longer-term leases. The industry also uses combinations of wet and dry. For example, when the aircraft is wet-leased to establish new services, then as the airline's flight or cabin crews become trained, they can be switched to a dry lease. Market Operating leases of jet airliner accounted for less than 2% of the fleet in 1976, then 15% in the early 1990s, 25% in 2000 and 40% in 2017, with lessors involved in 62% of second hand mid-life aircraft transactions since 2000: 42% in Europe and 29% in North America. In 2015, over $120 billion of commercial aircraft were delivered ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Airbus A350 XWB
The Airbus A350 is a flight length, long-range, wide-body aircraft, wide-body twinjet, twin-engine jet airliner developed and produced by Airbus Commercial Aircraft, Airbus. The first A350 design proposed by Airbus in 2004, in response to the Boeing 787 Dreamliner, would have been a development of the Airbus A330, A330 with composite wings and new engines. As market support was inadequate, in 2006, Airbus switched to a clean-sheet "XWB" (eXtra Wide Body) design, powered by two Rolls-Royce Trent XWB turbofan engines. The prototype first flew on 14 June 2013 from Toulouse in France. Type certification from the European Aviation Safety Agency (EASA) was obtained in September 2014, followed by certification from the Federal Aviation Administration (FAA) two months later. The A350 is the first Airbus aircraft largely made of carbon-fiber-reinforced polymers. It has a new fuselage designed around a nine-abreast economy cross-section, up from the eight-abreast A330/A340. It has a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GE Capital
GE Capital is the financial services division of General Electric. The company currently only runs one division, GE Energy Financial Services. It had provided additional services in the past; however, those units were sold between 2013 and 2018. Overview On July 8, 2013, the Financial Stability Oversight Council designated GE Capital as a " systemically important financial institution", which makes it subject to oversight by the Federal Reserve. In 2014, GE Capital had 35,000+ employees worldwide, operating in more than 40 countries, with total assets of US$499 billion. It was rated AA+ with stable outlook by S&P in 2012. GE Capital's subsidiaries also operated under the GE Money brand. Restructuring plan On April 10, 2015, Jeffrey R. Immelt, the CEO of General Electric, announced that GE would sell most of GE Capital over the next two years. The following areas were sold: *GE Capital Sponsor Finance was sold to Canada Pension Plan Investment Board and Sumitomo Mitsui Bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Milestone Aviation Group
Milestone Aviation Group, a subsidiary of AerCap, is an aircraft leasing company focused on helicopters. As of December 31, 2021, it owned 355 helicopters, which are leased to companies including CHC Helicopter, Bristow Helicopters, Saudi Aramco, and Babcock International. The company has international offices in Dublin and Dubai. History Milestone Aviation Group was founded in August 2010 by Richard Santulli, who was responsible for the growth of NetJets into a multinational corporation, with a $500 million investment from two private equity companies: Jordan Co. and Nautic Partners LLC. In August 2012, the company placed one of the largest-ever helicopter orders: 22 aircraft for $682 million, primarily to serve the petroleum industry. In June 2015, the company was acquired by GE Capital Aviation Services for $1.775 billion plus the assumption or payoff of Milestone’s existing debt. In November 2021, GE Capital Aviation Services was acquired by AerCap AerCap Holdings ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oxford Aviation Academy
CAE Oxford, part of CAE Inc., is an ab initio flight training network. It provides integrated aviation training and resourcing services. Professional airline pilots have been trained at the Oxford Aviation Academy flight school since 1961. OAA operates 125 training aircraft, 64 simulators, and 10 training centers, delivering a portfolio of aviation training courses. OAA's 3 ''ab initio'' airline pilot training schools have trained more than 26,000 professional pilots over the past 50 years. OAA's 7 training centers offer approved airline pilot, cabin crew and maintenance engineer training on a wide range of aircraft types, including Boeing, Airbus, Bombardier, BAE Systems, and Embraer. The Oxford Aviation Academy includes the former Oxford Aviation Training—a commercial pilot training school based at London Oxford Airport in the United Kingdom—and Mesa Falcon Field Airport (Arizona) in the United States; the former SAS Flight Academy; the former GECAT; and the former BA ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goldman Sachs
Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, Hong Kong, Tokyo, Dallas and Salt Lake City, and additional offices in other international financial centers. Goldman Sachs is the second largest investment bank in the world by revenue and is ranked 57th on the Fortune 500 list of the largest United States corporations by total revenue. It is considered a systemically important financial institution by the Financial Stability Board. The company has been criticized for a lack of ethical standards, working with dictatorial regimes, close relationships with the U.S. federal government via a "revolving door" of former employees, and driving up prices of commodities through futures speculation. While the company has appeared on the 100 Best Companies to Work For list compiled by ''Fortune'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swissair
Swissair AG/ S.A. (German: Schweizerische Luftverkehr-AG; French: S.A. Suisse pour la Navigation Aérienne) was the national airline of Switzerland between its founding in 1931 and bankruptcy in 2002. It was formed from a merger between Balair and Ad Astra Aero (''To the Stars''). For most of its 71 years, Swissair was one of the major international airlines and known as the "Flying Bank" due to its financial stability, causing it to be regarded as a Swiss national symbol and icon. It was headquartered at Zürich Airport, Kloten. In 1997 the Swissair Group was renamed SAirGroup (although it was again renamed Swissair Group in 2001), with four subdivisions: SAirlines (to which Swissair, regional subsidiaries Crossair and Belair, and leasing subsidiary FlightLease belonged), SAirServices, SAirLogistics, and SAirRelations. By the late 1990s, Swissair was burdened by over-expansion as a result of the controversial " Hunter Strategy". The crash of Swissair Flight 111 in 1998, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
McDonnell Douglas DC-9
The McDonnell Douglas DC-9 is an American five-abreast single-aisle aircraft designed by the Douglas Aircraft Company. It was initially produced by the developer company as the Douglas DC-9 until August 1967 and then by McDonnell Douglas. After introducing its heavy DC-8 in 1959, Douglas approved the smaller, all-new DC-9 for shorter flights on April 8, 1963. The DC-9-10 first flew on February 25, 1965, and gained its type certificate on November 23, to enter service with Delta Air Lines on December 8. The aircraft has two rear-mounted Pratt & Whitney JT8D low-bypass turbofans under a T-tail for a cleaner wing aerodynamic, a two-person flight deck and built-in airstairs. The Series 10 are 104 ft (32 m) long for typically 90 coach seats. The Series 30, stretched by 15 ft (4.5 m) to seat 115 in economy, has a larger wing and more powerful engines for a higher maximum takeoff weight (MTOW); it first flew in August 1966 and entered service in February 1967. The Series 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allegheny Airlines
Allegheny Airlines was a regional airline that operated out of Pittsburgh, Pennsylvania, from 1952 to 1979 with routes primarily located in the eastern U.S. It was the forerunner of USAir that was subsequently renamed US Airways, which itself merged with American Airlines. Its headquarters were at Washington National Airport in Arlington County, Virginia. History Allegheny Airlines began as All American Aviation Company providing mail delivery starting on 7 March 1939. It was founded by du Pont family brothers Richard C. du Pont and Alexis Felix du Pont Jr. Allegheny before 1979 In 1949 the company was renamed All American Airways as it switched from air mail to passenger service. On 1 January 1953 it was again renamed, to Allegheny Airlines. Like other local service airlines, Allegheny was subsidized; in 1962 its revenue of $23.5 million included $6.5 million in "public service revenue". In 1960, Allegheny headquarters were in Washington, D.C. In 1953 Allegheny's net ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
