Embraer 190s Sold By JetBlue for $25 million Each

August 21, 2006

As a means of generating additional revenue by selling and leasing back aircraft, JetBlue raised $253 million by selling 10 Embraer 190s to U.S. lessor GE Capital Aviation Services (GECAS) for 18 years.

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Mission / Aircraft Values News was created in 1992 to provide independent and informed advice regarding current and future aircraft values, and the factors that affect them, to the air transport community.AVN's core activity is the provision of expert commentary on current and future market values and lease rates. AVN seeks to interpret and analyze current events, enabling readers to more accurately anticipate future market trends. AVN expertise centers on an appreciation that aircraft are a commodity, subject to vagaries of supply and demand. AVN's subscribers comprise decision makers at financial i aft lessors and airlines.