Air Lease Corporation selects GEnx engines for Boeing 787 Dreamliner

Cincinnati, OH | August 8, 2017 | Air Lease Corporation (NYSE: AL) selected GEnx-1B engines to power up to two new Boeing 787 Dreamliner aircraft. Deliveries are scheduled to begin in 2019.

"We are pleased to offer GEnx-1B-powered 787 Dreamliners to our customers," said John L. Plueger, Air Lease Corporation CEO and President. "This engine has demonstrated excellent operational performance and environmental efficiency and will deliver real advantages to airline operators."

"GE Aviation is proud Air Lease Corporation has selected the GEnx engines as an offering for its Boeing 787 Dreamliner fleet," said Chaker Chahrour, vice president and general manager, Global Sales & Marketing, GE Aviation. "The GEnx engines have proven to be very fuel efficient engines on the Boeing 787 Dreamliners, and ALC operators will benefit from the engine's performance advantages."

The new engine order builds on Air Lease Corporation's 2014 selection of GEnx-1B engines to power 30 Boeing 787 Dreamliners. Air Lease Corporation specializes in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized leasing and financing solutions.

More than 1,600 GEnx-1B engines have been sold to 51 customers. Compared to GE's CF6 engine, the GEnx engine offers up to 15 percent better fuel efficiency, which translates to 15 percent less CO2. The GEnx's innovative twin-annular pre-swirl (TAPS) combustor dramatically reduces NOx gases as much as 55 percent below today's regulatory limits and other regulated gases as much as 90 percent. Based on the ratio of decibels to pounds of thrust, the GEnx is the quietest engine GE produces due to the large, more efficient fan blades that operate at slower tip speed, resulting in about 40 percent lower noise levels.

The GEnx is part of GE's "ecomagination" product portfolio - GE's business strategy to develop new, cost-effective technologies that enhance customers' environmental and operating performance.

GEnx's revenue-sharing participants are IHI Corporation of Japan, Volvo Aero of Sweden, MTU of Germany, TechSpace Aero (Safran) of Belgium, Safran Aircraft Engines of France and Samsung Techwin of Korea.