Originally Posted by MegatopLover
GECAS= General Electric Capital Aviation Services, the #1 aircraft lessor in the world, a unit of, obviously, G.E.
(Those rankings are usually based on fleet size. IIRC, GECAS's fleets tends towards smaller a/c, while ILFC's favors the big boys, so by dollar-value, the rankings might be reversed.)
Actually, GECAS=General Electric COMMERCIAL Aviation Service. Incidentally, GECAS' office is just across the junction from where I work. So near, yet so far...
Originally Posted by MegatopLover
As a rule of thumb, airlines often want to mix their fleets roughly 1/3-1/3-1/3 between straight ownership, lease-financing, and straight leasing. The rare airline, e.g. Southwest, buys all of its planes with cash and owns them outright.
I often come across the terms wet lease and operating lease. How are these two different?
Loony