GE Capital Aviation Services (GECAS) has signed a lease agreement with South Korean low-cost carrier Jeju Air for two Boeing 737-800 aircraft. The aircraft are scheduled for delivery in 2014 to expand the carrier’s fleet. Jejuair currently operates 13 Boeing 737-800s; the first was delivered in 2008. It maintains three domestic routes and 15 international routes. Jeju Air has seen 30% annual passenger growth the last three years.

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