Leasing giant GECAS, the aircraft leasing subsidiary of General Electric , has o...
) aircraft including a rare purchase of jets powered by GE’s rival engine maker Rolls-Royce, two people familiar with the matter said.
GECAS has traditionally prioritised aircraft powered by engines made by its parent company General Electric. In 2015, GECAS invested in the first A350 by buying the aircraft immediately after its delivery to Qatar Airways and then renting it back to the airline in a sale-and-leaseback deal. GECAS is widely seen as a candidate for potential sale as GE overhauls its balance sheet through disposals. It has said it aims to invest in aircraft to keep down the average age of its portfolio to 5.5 years from 6.8 years by 2024.
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