(The following press release from General Electric Corp. was received by
e-mail. The sender verified the statement.)
GE AVIATION NEWS RELEASE
Air Lease Corporation Places Order for GE90-Powered Boeing 777-300ERs
FARNBOROUGH AIR SHOW - July 15, 2014 - Air Lease Corporation (NYSE: AL) has
ordered six GE90-115B-powered Boeing 777-300ER aircraft. The engines are valued
at more than $400 million (USD) list price.
"The GE90-powered Boeing 777 has proven to be an exceptional aircraft-engine
combination, and I'm pleased to note this marks the 100th GE90-powered Boeing
777 aircraft ordered by ALC's senior management team," said Air Lease
Corporation Chairman and CEO Steven F. Udvar-Hazy.
"The GE90-powered Boeing 777 aircraft continues to be extremely popular with
customers around the world with its outstanding performance and reliability,"
said Chaker Chahrour, vice president and general manager of Global Sales &
Marketing at GE Aviation. "GE Aviation is honored this order allows Air Lease
Corporation to reach the 100 aircraft mark for GE90-powered Boeing 777
More than 1,500 GE90-115B engines have been ordered by customers for their
Boeing 777-300ERs, 777-200LRs and 777 Freighters. At 115,000 pounds of thrust,
the GE90-115B engine includes such performance-enhancing features as
three-dimensional aerodynamic (3-D aero) compressor and wide-chord, swept
composite fan blades for greater efficiency. The dual annular combustor emits
no more than 40 percent of the hydrocarbons allowed by today's international
standards. In addition, today's GE90-115B engines have been enhanced to reduce
fuel burn by 3.6 percent from the 2000 launch specifications.
Snecma of France and IHI Corporation of Japan are revenue-sharing participants
in the GE90 program.
The GE90-115B engine is part of GE's "ecomagination" product portfolio -- GE's
commitment to implementing innovative, cost-effective technologies that enhance
the customers' environmental and operating performance.
About Air Lease Corporation (NYSE: AL)
Air Lease Corporation (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 www.airleasecorp.com.
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of
jet, turboprop and turboshaft engines, components and integrated systems for
commercial, military, business and general aviation aircraft. GE Aviation has a
global service network to support these offerings. For more information, visit
us at www.ge.com/aviation<http://www.ge.com/aviation>. Follow GE Aviation on
Twitter at http://twitter.com/GEAviation and YouTube at
http://www.youtube.com/user/GEAviation. For GE Aviation's Farnborough updates,
For further information, contact:
Rick Kennedy +1.513.243.3372
Deb Case +1.513.243.0094
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