GECAS arranges sale-leaseback plus PDP financing for two 737 MAX 8s to Okay Airways

Eleanor Steed
By Eleanor Steed July 16, 2018 16:51

GECAS arranges sale-leaseback plus PDP financing for two 737 MAX 8s to Okay Airways

Following the delivery last week of Okay Airways’ first leased Boeing 737 MAX 8, GECAS signed another contract with Okay Airways for the purchase-and-leaseback with pre-delivery payment financing of two Boeing 737 MAX 8s. The aircraft, fitted with CFM LEAP-1B engines, are scheduled for delivery in July and September 2019.

Established in 2004, Okay Airways is the first privately-owned aviation company in operation in China. Based in Tianjin Binhai International Airport, the carrier currently operates an all-Boeing fleet. The new 737 MAX 8s will provide Okay with the latest technology and fuel efficiency to enhance their fleet, which services over 150 domestic and international routes and connects to approximately 70 cities.

“Okay has been a GECAS customer since 2010, and we look forward to strengthening our relationship with them with the placement of these two new MAX 8s,” said Michelle Wu, Senior Vice President Marketing of GECAS’ Greater China Region.

“These aircraft will enhance Okay’s growing fleet with the latest technology, range and flexibility as we seek to connect passengers to more cities in and beyond China,” said Mr. Zonglin Li, President of Okay Airways.

Eleanor Steed
By Eleanor Steed July 16, 2018 16:51