June 18, 2013
LE BOURGET -- GE Aviation launched the TRUEngineTM program on its CF34 engines with Azul, Flybe, GoJet, Jetscape, LOT and GE Capital Aviation Services (GECAS). The CF34 TRUEngine launch expands the TRUEngine designation from CFM56*, CF6 and GEnx engines.
"Participation in the TRUEngine program signifies our customers' commitment to quality engine maintenance for their CF34 engines," said Allen Paxson, general manager of the CF34 Engine Program at GE Aviation. "We're proud to award the TRUEngine designation to Azul, Flybe, GoJet, Jetscape, LOT and GECAS CF34 engines."
The TRUEngine designation provides assurance to owners, operators, and engine buyers that engines qualified as TRUEngine have been maintained in the OEM configuration. Independent studies show that engines maintained with OEM parts and repairs maintain 25-50% higher asset values than engines that include non-OEM parts or repairs.
To qualify for TRUEngine status, the engine configuration, overhaul practices, spare parts and repairs used to service an engine must comply with GE-issued engine manuals and other maintenance recommendations. The qualification is obtained through the customer's declaration of compliance and GE's verification of customer submitted maintenance records since back to birth. The TRUEngine designation is available to all CF34 engines in service if they meet the TRUEngine qualification criteria.
Commercial jet engines typically are in service for more than 25 years and change ownership at least once in their operational life. The engine's configuration, material content, maintenance history and supportability impact marketability and overall value as it changes ownership. The TRUEngine designation enhances marketability and provides other valuable benefits at no additional cost, such as extended new part warranty, complimentary days access to the CF34 engine lease pool and AOG response guarantee.
GE has delivered more than 5,700 CF34 engines since it entered service in 1992. The CF34 engine is in service with 200 operators in more than 70 countries. The engines have accumulated more than 92 million flight hours and 75 million cycles on Bombardier CRJ and Embraer E-Jet aircraft, and they have set the standard for dispatch reliability of 99.95%.
Azul Trip SA, parent company of the Azul Group, and Trip Linhas Aéreas SA announced an investment agreement in May 2012 in order to create the third largest airline in the country. The transaction was already approved by the Brazilian Civil Aviation Authority and by the Administrative Council for Economic Defense (Cade). This combination will result in one of the most competitive airlines in the country, totaling 118 operating aircraft, about 865 daily flights, more than 100 destinations served and 16.7% share in terms of RPKs. The quality of both companies has already been demonstrated by numerous awards received domestically and internationally. Azul and Trip were elected by the Skytrax World Airline Awards the "Best low-cost airline in Latin America" and "Best Regional Airline in South America", respectively, in 2012 and 2011. Azul was voted in 2012 the "Best Low Cost Airline in the World" by CAPA - Centre for Aviation and consecrated the second consecutive year as the "Best Airline in Brazil" by the publication Viagem e Turismo, a Brazilian travel magazine.Learn more at www.voeazul.com.br.
Flybe is Europe's largest regional airline with 192 routes serving 15 countries, operating from a total of 84 departure points, 34 UK and 50 European airports** (all routes on sale June '13 – Feb ‘14); operates more UK domestic flights than any other airline and more domestic flights at London Gatwick than any other airline * (UK CAA statistics May ‘12 – Apr ‘13); is the largest scheduled airline, measured by air traffic movements, at Belfast City, Birmingham, Cardiff, Exeter, the Isle of Man, Inverness, Manchester, Newquay and Southampton airports (UK CAA statistics – Apr ‘13); operates 68-strong aircraft fleet – 45 Q400, 14 E195 and 9 E175; has codeshare agreements with British Airways, Air France, Etihad and KLM and is Amsterdam Schiphol's Airline of the Year 2012 Europe.
Jetscape was founded in 2000 and engages in commercial aircraft leasing, management, remarketing and advisory services – providing innovative, custom-tailored solutions to commercial aircraft owners and operators worldwide. Jetscape currently owns and manages 42 aircraft with 17 airline operators in 13 countries.
LOT Polish Airlines has been connecting Poland with the rest of the world since 1929. Today, LOT's fleet of 39 aircraft serves nearly 60 destinations across Europe, the Middle East North America and Asia. Its network is further enhanced by its membership in Star Alliance since 2003, in which the 27 member airlines serve 1,329 airports in 194 countries across the globe. As an award winning airline; consistently recognized by Business Traveller Magazine and Global Traveler Magazine, LOT is in a position to continue its growth and reputation as a European carrier with a global network.
About Trans States Holdings, Inc.
Established in 1998, Trans States Holdings, Inc. is the parent company of three regional airlines, Trans States Airlines, GoJet Airlines and Compass Airlines. Combined, Trans States Holdings' regional airlines' provide service to 140 cities, carrying nearly 10 million passengers annually on more than 520 daily flights.
About GE Capital Aviation Services (GECAS)
GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,660 owned and serviced aircraft with over 230 airlines. GECAS offers a wide range of aircraft types and financing options, including operating leases and secured debt financing, and also provides productivity solutions including spare engine leasing, airport and airline consulting services, and spare parts financing and management. GECAS, a unit of GE Capital, has offices in 24 cities around the world, and services customers in over 75 countries.
About GE Aviation
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet, turboshaft and turboprop engines, components and integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings.
*CFM56 engines are trademarks of CFM International, a 50/50 joint venture between GE and Snecma of France.
** Flown under the Flybe brand, of which 28 routes and 11 airports are exclusively served by Flybe's franchise partner, Loganair
TMTRUEngine is a GE trademark.