The state-owned Myanmar Airways plans to expand their fleet and services by leasing ten new Boeing aircraft from GE Capital Aviation Services (GECAS).
GECAS is part of U.S.-based conglomerate General Electric that signed a lease contract with Myanmar’s national carrier in Singapore on February 11.
“We are pleased that General Electric will work with Myanmar Airways to provide new, state-of-the-art Boeing aircraft. This is an important milestone for the airline and for the development of Myanmar’s aviation industry,” GECAS president and chief executive Norman Liu said in a statement.
The Minister of Transport Nyan Tun Aung and the U.S. Ambassador Derek Mitchell attended a signing ceremony on Tuesday. The contract agrees to the delivery of six Boeing 737-800 and four Boeing 8MAX model planes between June 2015 and 2020.
“To be able to expand our flight services to major destinations in the region, we are very pleased to work with GE Capital Aviation Services. Both the airline and Myanmar economy will be benefit from cooperation with a top U.S. company like the GE,” said Than Tun, managing director of Myanmar Airways.
GECAS has already leased two Embraer E190 aircraft to Myanmar Airways and has reached a memorandum of understanding with the airline to develop a strategic growth plan with a focus on route and network development.
Source: ELEVEN Myanmar