GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, signed a purchase and leaseback transaction with Emirates airline for 3 new Boeing 777-300ER aircraft and 7 spare engines.

The first aircraft from the airline’s existing order book with Boeing was delivered on May 30.
The other aircraft are scheduled for delivery later in 2012.

The leaseback of 7 spare engines (4 GE90s and 3 GP7200s) was successfully completed in June.

Emirates airline is one of the fastest growing airlines in the world, and has received more than 500 international awards for excellence.

Emirates operates the world’s largest fleet of Boeing 777 aircraft and now flies to 124 destinations in 73 countries.