Press Release

Success Marks Progress of GE's Growth CF34 Engines

February 21, 2000 -- SINGAPORE -- Unparallelled success continues for GE's CF34-8 and CF34-10 engines, the engines of choice for virtually every regional airliner within their thrust class.

The CF34-8 series engines, rated in the 14,000 pound thrust class, and the CF34-10 series, rated in the 18,000 pound thrust class, are larger, more powerful derivatives of GE's CF34-1/-3 series engines, which have compiled an exceptional performance and reliability record in corporate service since 1983 and regional airline service since 1992.

Compared to their predecessors, however, the CF34-8 and CF34-10 engines offer not only 50 percent and 100 percent more thrust, respectively, but also life enhancements, improved fuel consumption, industry-leading noise and emissions levels, and up to 30 percent fewer parts.

The CF34-8C1 earned U.S. Federal Aviation Administration (FAA) certification ahead of schedule last November. The engine powers Bombardier's new 70-passenger CRJ700 Series airliner, which is currently undergoing flight testing for projected FAA aircraft certification this year.

The CF34-8D has been selected to power Fairchild Aerospace's new 70-passenger 728JET and 55-passenger 528JET regional airliners, while the CF34-10D will power the new 90- to 98-passenger 928JET. First -8D testing is scheduled for the third quarter of this year, with 728JET first flight scheduled for first quarter 2001.

The CF34-8E and CF34-10E are the exclusive engines for, respectively, Embraer's new 70-passenger ERJ-170 and 90-passenger ERJ-190. CF34-8E engine testing is scheduled to begin in the second quarter 2001, with FAA engine certification targeted for the second quarter 2002. First flight of the ERJ-170 is scheduled for the third quarter 2001.

Almost 1,200 firm and option orders have been placed for CF34-8 and CF34-10 engines before the aircraft they power have entered revenue service.