Published on June 28th, 2021 | by Alan Dwyer0
GECAS Increases Commitments to Boeing 777-300ERSF
Shannon based GECAS has announced that it will exercise three options to firm order with Israel Aerospace Industries (IAI) to convert an additional three of the lessor’s 777-300ER passenger planes to freighters. This brings GECAS total commitment since the launch of the “Big Twin Program” in July 2019 to 18 firm (including the prototype aircraft from GECAS’ owned portfolio) with IAI and a remaining 12 options. In addition to this order, Kalitta Air who is the launch customer for the Boeing 777-300ERSF and leasing three has contracted to lease two additional aircraft from GECAS.
These commitments illustrate the growing industry demand for dedicated cargo planes. Commenting on the deal SVP & Manager of GECAS Cargo, Rich Greener said, “We view the 777-300ERSF as the next generation of long-haul, large-capacity widebody freighters. We’re seeing immense interest in this new product from seasoned operators like Kalitta to new start-ups who are seeing clear advantages with the affordability of the aircraft, best in class economics and the expanded capacity of the 777-300ERSF.”
Also commenting was the IAI EVP and General Manager of Aviation Group, Yosef Melamed who said, “We are pleased with GECAS’ confidence exemplified by this additional firm order as we prepare to induct the prototype aircraft into the hangar. This is another exciting milestone for the Big Twin freighter program.”