Aircraft leasing firm buys 10 Boeing jets
The company’s name appears amongst a list of 102 confirmed orders worth nearly $30bn at list prices that Boeing has unveiled.
The orders are a vote of confidence in the lightweight, carbon-composite jet just months after the first version was grounded by battery problems.
The buyers of the new 787-10 are Air Lease Corp and Singapore Airlines with 30 planes each, United Airlines with 20, British Airways with 12, and GE Capital Services with 10.
The third variant of the Dreamliner family will have a range of 7,000 nautical miles, with seating for up to 330 passengers. It will be 25% more efficient to operate than current comparable planes, Boeing Commercial Airplanes chief executive Ray Conner said.
The 787-8, introduced in late 2011, was grounded worldwide in January after its lithium-ion batteries overheated on two jets in about a week. It resumed commercial service in May after Boeing installed a redesigned battery system on the 50 jets in service.
GE Capital Services subsidiary of US giant, General Electric, GECAS Ltd is one of a cluster of firms in the Shannon Free Zone engaged in aircraft leasing.
The latest figures released by the firm show that its Irish directors are on average paid more than $1m for their services.
Last year the company awarded a total of $14.9m in remuneration to its 14 directors — eight of whom are Irish.
The remuneration includes $6.79m in salaries; $5.8m in bonus payments; $1.1m in pension payments, $830,000 in share-based payments, and $277,000 in benefits in kind.
According to the directors’ report “the level of income increased year on year due to an increase in management fees received. The directors expect that the present level of activity will be sustained for the foreseeable future”.
CONNECT WITH US TODAY
Be the first to know the latest news and updates
