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Issue 51: July/August 1989
Guinness Peat Stun the Airline Industry Withworld’s Largest Civil Aircraft Order
Guinness Peat Aviation stunned the international airline community on April 18 when they announced new orders and options for 308 commercial jet aircraft valued at $US17 billion.
These orders bring GPA’s cumulative orders and options for new aircraft to 819 units valued at $US30bn. The latest orders include both narrow and wide body aircraft from Airbus, Boeing and McDonnell Douglas. GPA, the world’s largest aircraft lessor, now has more aircraft on order than any other company.
A spokesman for Boeing said its April 18 order from GPA was the largest ever received by the company and more than twice the size of the previous record figure. Mr Jean Pierson, Managing Director of Airbus Industrie, said GPA was now its largest customer not only in Europe but anywhere outside the United States. GPA would also be the biggest owner of A320s. Mr Russ Ray, Vice President Marketing, Douglas Aircraft Company, said GPA was now the largest international customer for new McDonnell Douglas commercial aircraft.
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