Gecas

The new platform, announced earlier this month, aims to build up a portfolio of roughly 1,000 assets over the next decade.

The aircraft leasing industry rescued airlines during the pandemic. Now lessors are rewarded through high lease rates and fast-improving profits.

The oneworld alliance member has an agreement with GE Capital Aviation Services (GECAS) to lease 17 Embraer E170 pre-owned jets, a contract that has enabled the manufacturer to fast-track deliveries without impacting its order backlog. The first of these aircraft, former Republic Airways examples, are starting to appear from airport paintshops in the airline’s instantly recognisable green livery and all 17 units are due to arrive before the end of this year.