(The following press release from General Electric Corp. was received by  e-mail. The sender verified the statement.)  Air Lease Corporation places $520 million order for CFM LEAP-1B engines  *   Takes total LEAP-1B orders to 208 engines  FARNBOROUGH, England - 15 July 2014 - Air Lease Corporation (NYSE: AL) today  announced an order for a total of 40 LEAP-1B engines to power 10 new Boeing 737  MAX 8 aircraft as well as engines for 10 additional MAX 8 aircraft that were  part of a previously unidentified order. CFM values the total order at $520  million U.S. at list price.  "We believe the LEAP-1B-powered Boeing 737 MAX 8 aircraft will be a key part of  our fleet going forward," said Steven F. Udvar-Házy, Air Lease Corporation's  Chairman and Chief Executive Officer. "These advanced technology engines  deliver higher efficiency and reliability, which is paramount to the  operational stability and success of our airline customers."  Air Lease Corporation (ALC) specializes in purchasing new commercial aircraft  and leasing them to its airline customers worldwide through customized leasing  and financing solutions.  The LEAP-1B, which is the sole powerplant for the Boeing 737 MAX, began ground  testing in June 2014 three days ahead of schedule. The engine is part of the  most extensive ground and flight test certification program in the company's  history and will encompass 60 engine builds over the next three years and will  accumulate approximately 40,000 cycles before entry into service.  "We have every confidence that the LEAP engine will quickly become a valued  asset in the Air Lease portfolio," said Jean-Paul Ebanga, president and CEO of  CFM International Jean-Paul Ebanga. "As we continue to test these engines, our  confidence in the technology choices we have made continues to grow as does our  assurance that the LEAP product family will continue to be the engine of choice  for single-aisle aircraft."  ""We are very pleased that Air Lease continues to place its trust in CFM  engines," said Chaker Chahrour, vice president and general manager of Global  Sales & Marketing for CFM parent company GE Aviation. "Reliability and  operating economics are more important for airlines than ever. This vote of  confidence from ALC signifies that they believe the LEAP-1B will deliver on  both of those metrics."  About Air Lease Corporation (NYSE: AL)  ALC is a leading aircraft leasing company based in Los Angeles, California,  that has airline customers throughout the world. ALC and its team of dedicated  and experienced professionals are principally engaged in purchasing commercial  aircraft and leasing them to its airline customers worldwide through customized  aircraft leasing and financing solutions. For more information, visit ALC's  website at  About CFM International  LEAP engines are a product of CFM International, a 50/50 joint company between  Snecma (Safran) and GE. CFM is the world's leading supplier of commercial  aircraft engines and has delivered more than 26,500 CFM56 engines to date. For  more information, visit us at or follow us on Twitter  @CFM_engines. ###   For more information, contact: Jamie Jewell 513.552.2790<> Mobile: 513.885.2282  Rick Kennedy 513.243.3372<> Mobile: 513.607.0609  NY(lsk)    
Press spacebar to pause and continue. Press esc to stop.