GE Aerospace and HAECO Sign Agreements to Extend Offload Services and GBSA for GE90 Engines

• Deal Reached to Provide MRO Support for GE9X Engine

FARNBOROUGH, England - July 23, 2024 - GE Aerospace (NYSE:GE) and the HAECO Group have agreed to extend service and offload agreements for GE90 Engines through 2040. Additionally, a 15-year Material Service Agreement for GE90 engines has been established under which HAECO will continue to provide engine overhaul services for GE Aerospace and expand its external GE90 maintenance, repair and overhaul (MRO) market.

HAECO Group and GE Aerospace also strengthened their longstanding strategic partnership by signing a Memorandum of Understanding that secures HAECO Engine Services (Xiamen)'s position in the MRO global network for the GE9X engine.

"HAECO is a highly capable MRO provider, and we are pleased to extend our strategic long-term partnership to support the global GE90 and GE9X MRO networks," said Russell Stokes, President and CEO, Commercial Engines and Services, GE Aerospace. "As the 777X moves closer to entry into service, our partnership with HAECO signifies our commitment to having an MRO network in place to support the GE9X powered fleet."

Since 2010, HAECO has supported GE Aerospace and its customers with maintenance, overhaul, and repair of GE90 engines, delivering 950 shop visits with unwavering quality and turnaround time.

"HAECO is committed to providing world-class engine services, and we are proud to have been supporting the GE90 engine line through HAECO Engine Services (Xiamen) for over 15 years, providing world-class MRO services to our customers," said Richard Sell, Chief Executive Officer of the HAECO Group. "This agreement is another step forward in our successful partnership with GE. As a result of the GE90 extension and GE9X MRO support, we will further enhance our competitiveness in the open market and continue to provide quality services to GE Aerospace and other customers over the course of the next two decades."

Designed specifically for the Boeing 777 family, the GE90 engine family has flown nearly 130 million fight hours and 18 million cycles since entry into service in 1995. The GE90 (in its 115B version) is currently the largest and most powerful commercial aviation engine and has proven to be tremendously reliable and popular with customers around the world.

The GE9X offers the lowest NOx emissions in its class. Like all GE Aerospace commercial engines, the GE9X can operate on approved Sustainable Aviation Fuel (SAF). Incorporating a suite of propulsion technologies unique to GE Aerospace, the GE9X offers up to 10 per cent lower specific fuel consumption compared to the engine it replaces.

About HAECO Group
The HAECO Group is one of the world's leading aviation product and service providers. The Group provides a comprehensive range of products and services in Airframe, Cabin, Component, and Engine segments. The HAECO Group consists of 16 operating companies, employing around 17,000 staff in Hong Kong, the Chinese mainland, Europe, and the United States. To learn more about HAECO Group, visit www.haeco.com or follow the company on LinkedIn at https://www.linkedin.com/company/haeco/

About GE Aerospace
GE Aerospace (NYSE:GE) is a global aerospace propulsion, services, and systems leader with an installed base of approximately 44,000 commercial and 26,000 military aircraft engines. With a global team of 52,000 employees building on more than a century of innovation and learning, GE Aerospace is committed to inventing the future of flight, lifting people up, and bringing them home safely. Learn more about how GE Aerospace and its partners are defining flight for today, tomorrow and the future at www.geaerospace.com. 

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