18 Jul 2018

Air Lease Corporation Selects GEnx Engines for Additional Boeing 787 Dreamliners

SOURCE: GE Aviation


FARNBOROUGH, UK - July 18, 2018 - Air Lease Corporation selected GEnx-1B engines to power its three new Boeing 787 Dreamliners. The engine order if valued at more than $170 million (USD) list price. 

“Air Lease Corporation’s order for additional GEnx-powered Boeing 787 Dreamliners demonstrates the continued confidence in the engine and aircraft,” said Chaker Chahrour, VP Global Sales & Marketing at GE Aviation. “The GEnx is the most popular engine powering the Boeing 787 Dreamliner and has set itself apart in its class.”

With more than 2,000 engines sold in less than 15 years since launching the program, the GEnx engine has solidified it as the fastest selling high-thrust GE engine in history. With the most advanced technologies and materials, the GEnx has the highest reliability and utilization, lowest fuel burn and longest range capable of any engine available on the B787 aircraft. The highest pressure ratio compressor in commercial service today enables the best fuel efficiency in its thrust class, resulting in the GEnx engine powering the longest B787 routes. The GEnx's innovative lean burning twin-annular pre-swirl (TAPS) combustor dramatically reduces NOx and other regulated gases below today's regulatory limits and enhances durability. As the world’s first commercial engine with both a carbon fiber composite front fan case and fan blades, the GEnx fan module is lighter in weight, corrosion resistant with less line maintenance and improved reliability, and is the quietest engine GE produces. These leading-edge technologies and engine architecture bring high operational reliability and result in a high utilization rate of GEnx-powered B787 aircraft for more flights per year and more revenue for airlines. 

GEnx’s revenue-sharing participants are IHI Corporation of Japan, GKN Aerospace Engine Systems of the UK, MTU of Germany, TechSpace Aero (Safran) of Belgium, Safran Aircraft Engines of France and Samsung Techwin of Korea.

About 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.

About GE Aviation
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components, integrated digital, avionics, electrical power and mechanical systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings and is part of the world’s Digital Industrial Company with software-defined machines and solutions that are connected, responsive and predictive. For more information, visit us at www.ge.com/aviation. Follow GE Aviation on Twitter at http://twitter.com/GEAviation and YouTube at http://www.youtube.com/user/GEAviation.

For further information, contact:

Deb Case               +1.513.418.1644      deborah.case@ge.com




Investors

Mary Liz DePalma

Assistant Vice President, Investor Relations

Phone: +1 310.553.0555
Fax: +1 310.553.0999
Email: mdepalma@airleasecorp.com

Media

Laura Woeste

Manager, Media and Investor Relations

Phone: +1 310.553.0555
Fax: +1 310.553.0999
Email: lwoeste@airleasecorp.com