GECAS most exposed to defunct Hello's A320 fleet

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

General Electric Aviation Capital Services (GECAS) is the most exposed lessor to the fleet of Swiss carrier Hello, which has ceased operations after declaring bankruptcy.

According to Flightglobal's Ascend Online database, GECAS has two 2000-build Airbus A320-200 aircraft (MSN 1210, 1171) on lease to the Basle-based charter and wet-lease operator. A 1998-build aircraft, MSN 0936, is on lease from AerCap. BBAM has a 1998-build A320, MSN 0888, on lease to the carrier.

All four CFM-powered A320s are now on the ground in Switzerland.

Hello says in a statement that its flights were "temporarily" suspended on 21 October. It notes that "all efforts [so far] to recapitalise the company have failed".