Boeing sells 40 planes to Gecas

Boeing took an order for 40 of its best-selling 737 planes yesterday, in a deal worth $4bn at list prices. General Electric component Gecas, the world’s largest aircraft leasing company, placed the order for 737-800s and the future 737 MAX, with delivery from 2017. Gecas was formed in 1993 after GE acquired most of the aircraft of the collapsed leasing empire of Irish entrepreneur Tony Ryan and combined it with its own Polaris operation.