GE Aerospace Selects AerCap to Provide Lease Pool Management Services for GE9X Engine

GE Aerospace (NYSE:GE) announced today it has signed a seven-year agreement with AerCap Holdings N.V. (NYSE: AER) to provide lease pool management services for the GE9X engine. The agreement also extends AerCap’s ongoing lease pool support for GEnx, GE90, CF6 and CF34 engines.

“This agreement is an important building block to ensure when the GE9X enters service, our customers have a robust network of support to keep their 777X fleets flying reliably and safely,” said Russell Stokes, President and CEO, Commercial Engines and Services for GE Aerospace. “AerCap’s global network, existing customer relationships and extensive experience on multiple GE Aerospace engines makes them ideal to manage our GE9X lease pool.”

The agreement calls for AerCap to provide GE9X shop visit management, lease return coordination and technical services, as well as lease documentation and administration support.

“This agreement further strengthens our partnership with GE Aerospace and extends our engine leasing relationship into the next decade. It also adds GE's newest technology engine, the GE9X to our servicing capability, leveraging our existing industrial network to provide world-class support to GE Aerospace and their customers," said Tom Slattery, Executive Vice President of AerCap Engines.  

GE Aerospace is investing in capabilities to support its GE9X customers as the engine nears entry into service, increasing capacity, enhancing training, and adding advanced tooling in its MRO shops worldwide. GE9X customers will receive the full suite of services extended to all of GE Aerospace’s popular engines, including overhaul, component repair, and advanced diagnostics.

The GE9X engine is the world's most powerful commercial aircraft engine and the most fuel-efficient engine in its class. Available only on the Boeing 777X family of 777-9, 777-8 and 777-8F aircraft, the GE9X is the only modern engine designed specifically for the aircraft it is on. The GE9X offers 10% better specific fuel consumption than its predecessor, the GE90-115B, with emissions that are a generation ahead of any competing engine.

Like all GE Aerospace commercial engines, both GEnx and GE9X engines are certified to run on Sustainable Aviation Fuel (SAF) blends today.