GECAS Regional Aircraft Group Completes Purchase-and-Leaseback Transaction with Nok Air for Two New Bombardier Q400 NextGen Aircraft

SHANNON, Ireland – October 7, 2015 – GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, today announced its Regional Aircraft Group delivered two new leased Bombardier Q400 NextGen turboprop aircraft to low-cost carrier Nok Air under a purchase-and-leaseback transaction.GECAS completed a similar purchase-and-leaseback with the carrier in 2014, also for two factory-new Q400 NextGen aircraft.

Formed in 2000, GECAS Regional Aircraft Group leases nearly 400 turboprop and regional jet aircraft to airline customers worldwide. Among leading industry lessors, GECAS has the broadest product mix of turboprop and regional aircraft in the world including ATR, Bombardier and Embraer aircraft.

Nok Air currently operates a fleet of more than 20 aircraft, each featuring a colorful livery resembling a bird. The airline serves 26 destinations.