LE BOURGET, France -- Azorra Aviation and GE Aviation signed a Set Maintenance Offer (SMO) agreement for its CF34-10E engine fleet to help significantly reduce the engine's cost of ownership. The SMO agreement is available to all CF34-10E customers, regardless of their maintenance, repair and overhaul provider.

"Recent durability improvements have helped the CF34-10E engine become one of the most reliable GE engines in the field," said David Kircher, general manager of Regional Engines and Services at GE Aviation. "The new SMO agreement will reduce the cost of the LLP (Life Limited Parts) shop visit by 30 percent, which is a significant savings for our CF34-10E customers."

"We believe that the SMO program will bring more predictability to the cost of ownership for our CF34-10E operators and will help Azorra grow its fleet of CF34-10E-powered E190 aircraft," said Azorra founder and CEO John Evans. "We are pleased with GE Aviation's continued commitment to the CF34-10E program."

"Embraer appreciates GE Aviation's focus on making the E1 even more efficient and the significant cost reductions that the SMO kit will bring to our customers," said Arjan Meijer, Embraer Chief Commercial Officer.

Customers can purchase the SMO agreement for parts only or incorporate it into an overhaul agreement with GE Aviation. Under the SMO agreement, customers receive the following parts: high pressure compressor blades, combustor dome, inner and outer combustor liners, high pressure turbine blades and nozzles, Stage 1 low pressure turbine nozzles and a brand-new stack of rotating LLPs. The 1,650 CF34-10E engines will start requiring their LLP shop visit beginning later this year.

Since its service entry, the CF34-10E engine has accumulated 20 million flight hours and 28 million flight cycles. The E-jet and CF34 engine-aircraft combination is one of the best-selling single aisle regional jets, and GE Aviation continues to invest to further improve the engine.

About Azorra Aviation
Azorra Aviation LLC is a commercial aircraft leasing and management services company headquartered at Fort Lauderdale International Airport (FLL). Azorra's relationship-driven business model is rooted in helping airlines, OEMs and lessors facilitate smooth transitions from current and older generation regional jets to newer technology replacements. Azorra's entrepreneurial executive leadership team is comprised of highly esteemed professionals who bring a wealth of experience and core competencies in aircraft leasing, airline operations, aviation finance, private equity, M&A, banking, consulting, aviation law, contracts, aircraft maintenance and technical management. For more information, visit https://azorra.com/

About GE Aviation
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components, integrated digital, avionics, electrical power and mechanical systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings and is part of the world's Digital Industrial Company with software-defined machines and solutions that are connected, responsive and predictive.