SAN FRANCISCO, Jan. 25 /PRNewswire/ -- GATX Capital Corporation today
announced that GATX Flightlease has leased six Airbus A320-200 aircraft with
TAM Linhas Aereas in Brazil. Two aircraft were delivered in mid-December and
are now in service. The balance of the deliveries will be completed by June
2001. Previously, the aircraft were in operation with South African Airways.
The delivery of the leased aircraft was arranged and negotiated by GATX
Flightlease Management GmbH, a company owned equally by GATX Capital
Corporation and Flightlease AG, an SAirGroup Company.
Alan Coe, co-CEO of GATX Flightlease said, "We are very pleased to place
these aircraft with TAM, one of the leading carriers in Latin America. In
addition to significantly increasing the number of aircraft that GATX
Flightlease manages in Latin America, this transaction signals our continued
commitment to developing a greater presence within this important region."
TAM has become the second largest airline in Brazil and remains one of the
fastest growing airlines in Latin America. TAM's rapid growth coincides with
the growing economy of Brazil. The Brazilian domestic, regional and
intercontinental air transportation markets are growing rapidly and TAM is
uniquely positioned to take advantage of this growth with the large number of
state-of-the-art aircraft it has ordered.
GATX Capital Corporation is a wholly-owned subsidiary of GATX Corporation
(NYSE: GMT), a unique finance and leasing company combining asset knowledge
and services, structuring expertise, creative partnering and risk capital.
GATX provides sophisticated leasing and financial services responsive to the
specialized needs of a range of businesses. In addition to offering aircraft
operating leasing, GATX specializes in railcar and locomotive operating
leasing, information technology services leasing, venture finance, and
financing solutions for customers in diversified markets, worldwide.
Further information on GATX Capital Corporation can be found at
http://www.gatxcapital.com . For further information on GATX Corporation please
visit http://www.gatx.com .
Investor, corporate information and press releases may be found at
http://www.gatx.com . A variety of current financial information, historical
financial information, press releases and photographs are available at this
site. GATX press releases may be obtained by automated PR News Company News
On-Call's automated fax service at 800-758-5804. The company identification
number for GATX is 105121.
SOURCE GATX Capital Corporation
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Related links:
http://www.gatx.com
Company News On-Call:
http://www.prnewswire.com/comp/105121.html or fax,
800-758-5804, ext. 105121
CONTACT:
George Lowman of GATX Corporation,
312-621-6599
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