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GE Engine Services Anticipates 1999 Revenues Of Nearly $5.5 Billion

June 13, 1999

PARIS, France - GE Engine Services, Inc., the world's leading integrated engine maintenance resource, anticipates unprecedented revenues of nearly $5.5 billion in 1999.

This follows record revenues of almost $5 billion in 1998, $3 billion in 1997, and $2.3 billion in 1996, the first year GE Engine Services was structured in its present form.

GE Engine Services leads the world in applying total aircraft products and solutions aimed at removing risks to customers while providing the lowest-cost services.

GE Engine Services' remarkably successful Maintenance Cost Per HourSM (MCPHSM) program, with an order backlog of more than $12 billion and revenues of $1 billion expected in 1999, allows airlines to forecast maintenance costs more accurately with engine maintenance based on a flat rate, per engine flight hour.

GE's On Wing SupportSM system provides quick and efficient on-wing engine maintenance and repair by dispatching "rapid response" teams to any location 24 hours a day, 365 days a year. GE On Wing Support operates from seven locations in England, China, and the U.S., with 13 more sites planned by 2000.

Also, GE Engine Services' state-of-the-art remote diagnostics products provide airline customers "real time" remote monitoring and diagnostic information during flight, thereby preventing costly delays and cancellations while extending on-wing life and reducing maintenance costs.

GE Engine Services also provides customers fleet flexibility via the GE Spare Engine Leasing Program. In aligning spare engine leases with operational needs, customers can plan beyond short-term engine rentals to meet fleet planning requirements.

The next quantum leap will be unveiled this July, when GE Engine Services introduces its integrated system upgrade program. Designed to provide fleetwide value throughout an engine's life cycle, GE's integrated system upgrade adapts new material and technology from current-generation engines for a fleet's earlier-generation engines. GE's first integrated system upgrade will offer the newest CF6 materials and technology for first- and second-generation CF6 engines.

GE Engine Services also includes a global network of overhaul and repair "Centers of Excellence," which are located in: Xiamen, China; Nantgarw, Wales; Singapore; Kuala Lumpur, Malaysia; Ontario, California; Strother Field, near Arkansas City, Kansas; Miami, Florida; Dallas/Fort Worth, Texas; Prestwick, Scotland; Petropolis, Brazil; Rio de Janeiro, Brazil; and Cincinnati, Ohio, and also at Garrett Aviation Services' six Total Aircraft Service SM Centers.