SAN FRANCISCO, May 13 /PRNewswire/ -- GATX Capital Corporation announced
today that it has leased two new Boeing 737-800 aircraft to VARIG of Brazil,
the largest carrier in Latin America. The aircraft will be delivered in
September and October of this year and will be the first 737-800s to be
operated in Latin America.
Alan Coe, executive vice-president of GATX Capital said, "We are very
pleased that VARIG, one of the premier carriers in Latin America, has selected
these aircraft. VARIG shows it values innovation by continuously upgrading
its fleet with newer generation aircraft. This transaction also signals
GATX's commitment to further develop our leasing presence in Latin America."
Mr. Ozires Silva, CEO of VARIG said, "VARIG is very proud to be the first
airline in Latin America to operate the Next-Generation 737-800 with winglets.
This lease is an important step in continuing to offer our passengers the best
services."
With 406 daily flights in Brazil and internationally, VARIG carries over
11 million passengers per year. The company serves 18 countries on four
continents and serves 34 cities within Brazil. Quality, safety and
profitability are the core of the VARIG strategy to succeed in today's highly
competitive, global, air transportation marketplace. Since its founding in
1927, VARIG has excelled in meeting the expectations of the most demanding
passenger.
GATX and its partners, Flightlease AG and Pembroke Group, have 45 Boeing
737 Next Generation aircraft on lease or on order.
GATX Capital Corporation is a wholly-owned subsidiary of GATX Corporation
(NYSE: GMT) is a specialized finance and leasing company combining asset
knowledge and services, structuring expertise, creative partnering and risk
capital to provide business solutions to our customers and partners worldwide.
In addition to offering aircraft operating leasing, GATX specializes in
railcar and locomotive operating leasing, information technology leasing,
venture finance and diversified finance.
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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