ZHUHAI, CHINA | September 30, 2021
AerDragon Aviation Leasing Co. Ltd. signed a TrueChoiceTM Overhaul agreement with GE at the 13th China International Aviation and Aerospace Exhibition. The agreement covers time and materials required to overhaul eight CFM56-5B* engines installed on four A320ceo aircraft, which were delivered to AerDragon’s lessee customers and entered service in 2009 and 2010. This agreement will be fulfilled during the next four years.
AerDragon is the first mainland China-based lessor doing aircraft operating lease business and placed the first A320ceo speculative order powered by CFM56-5B engines in 2007.
“GE is a pillar of the aviation industry and has supported AerDragon’s development since our inception. We are pleased to expand our partnership and become the first Chinese lessor customer of GE’s pioneering TrueChoiceTM engine overhaul program. Working together with OEM partners, we look forward to providing cost effective solutions to our airline customers,” said Gang Li, CEO of AerDragon.
“We are very pleased to sign this TrueChoiceTM engine overhaul agreement with AerDragon to further extend our partnership with this first Chinese lessor,” said Weiming Xiang, GE Vice President, GE China President & CEO, GE Aviation Greater China President. “GE is thrilled to be the partner to support the phenomenal growth of Chinese aircraft lessors in the past 15 years. Despite the current unprecedent challenges, GE will continue to provide the world-class product, service, and support to our lessor customers to keep the GE engine fleet fly in the post COVID-19 pandemic.”
The TrueChoiceTM suite of engine maintenance offerings incorporates an array of GE capabilities and customization across an engine's lifecycle. The TrueChoice suite includes: TrueChoice Flight Hour, TrueChoice Overhaul, TrueChoice Material, and TrueChoice Transitions.
About AerDragon Aviation Leasing Co. Ltd
Founded in October 2006, AerDragon was the first Chinese company to commit to operational aircraft leasing. The company's main businesses include aircraft leasing, buying and sale, and asset management with customers in China, South Asia, Europe, and South America.
About GE Aviation
GE Aviation, a business group of GE (NYSE: GE), is the world's leading supplier of jet engines, components and integrated systems for commercial aircraft. GE Aviation has a global service network to support these products. For more information, please visit www.ge.com/aviation.
TMTrueChoice is a trademark of General Electric Company.
*CFM56-5B engine is produced by CFM International, a 50/50 joint company between GE and Safran Aircraft Engines.