AVIC1 Commercial Aircraft Company announced on March 28, 2008 that it has signed a memorandum of understanding with GE Commercial Aviation Services (GECAS) to place firm orders for five ARJ21 regional jets. 

    The ARJ21 is a 70-90 seat regional jet that combines Chinese intellectual property with advanced engines, and airborne systems supplied by world-famous European and North American companies.

 

    GE Commercial Aviation Services (GECAS), the US and Irish commercial aircraft financing and leasing business of GE, has a fleet of 1,475owned aircraft it leases to more than 230 airlines in some 70 countries, and it manages nearly 300 aircraft for others. GECAS offers a wide range of aircraft types and financing options, including operating leases and secured debt financing, and also provides productivity solutions including spare engine leasing, spare parts financing and management. GECAS, a unit of GE Infrastructure, has offices in 28 cities around the world.