GE Wins ILFC Engine Agreement Worth $800 Million
FARNBOROUGH - International Lease Finance Corporation (ILFC) has entered into an agreement covering 23 GE-powered widebody aircraft, with the value of the engine order exceeding $800 million.This agreement consists of twelve GE90-powered Boeing 777-200ER (extended range) aircraft, eight GE90-115B-powered Boeing 777-300 Longer-Range Derivatives, and three CF6-80E1-powered aircraft. This order is ILFC's first for the 777-300 Longer-Range Derivatives.Said Steven Hazy, president and CEO of ILFC, "We had previously ordered GE-powered 777s and A330s, and have been impressed with GEs continued investment in these products as demonstrated by the growth commitment made to the GE90 and the CF6 engine families. We have confidence in GEs ability to deliver these growth derivatives."In addition, ILFC ordered seven 737-700/800 aircraft, powered by CFM56-7 engines, valued at an additional $30 million. CFM International is a 50/50 joint company of Snecma Moteurs of France and GE.