LE BOURGET -- Air Lease Corporation has ordered five CF34-10E-powered EMBRAER E190 aircraft. The engine deal is valued at approximately $70 million (USD) list price.
"Short-haul aircraft demand reliable and fuel efficient technology, which is why we are pleased to have 30 CF34-10E-powered EMBRAER E190s in our fleet," said John Poerschke, Senior Vice President of Air Lease Corporation.
"GE Aviation is thrilled to be a part of the growing Air Lease Corporation fleet," said Kevin McAllister, vice president and general manager of Global Sales at GE Aviation. "The CF34-10E engine has performed very well in the field with excellent reliability that has set a standard in the regional jet segment of aviation."
GE's CF34-10E engine has the highest thrust rating for the CF34 engine family at 20,000 pounds. By July, 1,000 CF34-10E engines will be in service with 43 customers. The engine continues to perform well in the field, accumulating more than 5 million flight-hours and 3 million cycles. The CF34-10E engine powers the EMBRAER 190/195 aircraft as well as the Embraer Lineage 1000 business jet.
Key CF34-10 design features include: a wide-chord fan blade for higher thrust and high tolerance to foreign object damage; 3-D aerodynamic design airfoils throughout the entire flow path, providing highly efficient, stall-free operation, as well as better fuel burn and higher exhaust gas temperature margins; a highly durable single annular, low-emissions combustor that meets or surpasses the most stringent emissions standards; and a single-stage high-pressure turbine for lower operating cost.
Launched in 2010, Air Lease Corporation (NYSE: AL) is an aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline partners worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC's website at www.airleasecorp.com.
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet 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.
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