GE Aviation and Evergreen Form New Venture for Engine Overhaul

TAIWAN—March 31, 2014 -- GE Aviation and Evergreen Aviation Technologies Corp. (EGAT) announced formation of a new joint-venture company specializing in the overhaul of the GEnx, the fastest-selling engine in GE Aviation history. The new company, GE Evergreen Engine Services, builds on more than 15 years of close cooperation between GE Aviation and Evergreen.

"EVA and GE launched our EGAT joint venture in 1998. Working together in this way has been a win-win for both companies. EGAT is recognized as a leader in maintenance, repair and overhaul (MRO)," said EVA Air Chairman K.W. Chang. "EGAT and GE are now teaming up to establish GE Evergreen Engine Services to service to the new generation of GEnx engines. This is the next step in our partnership to provide outstanding service to our customers."

"The GEnx is our most technically advanced engine to date, and it is very fitting that our partnership with EGAT is evolving to include the GEnx," said GE Aviation Chief Executive Officer David Joyce. "EGAT has distinguished itself as a technology leader with an exceptional focus on customer support. We are very excited to partner with EGAT as we create a next-generation service network for GEnx."

GE Aviation will begin providing training and tooling for GEnx later this year, and the facility will be able to perform limited work on GEnx beginning in 2015 with full overhaul capability to follow by 2019.

The GEnx engine family is the fastest-selling engine in GE Aviation's history with more than 1,500 engines on order. The engine entered service in 2011 and powers both the Boeing 787 Dreamliner and the Boeing 747-8. GE Aviation has been increasing production of the engine for the last two years and will deliver nearly 300 GEnx engines in 2014.

Evergreen Aviation Technologies Corp. is an award-winning, mid-sized boutique aircraft Maintenance Repair and Overhaul facility. Winner of the "2011 Best Airframe MRO in Asia" from UBM Aviation (UK), as well as "2009 Best Independent MRO in Asia Pacific" by Aviation Week, EGAT delivers an extensive menu of airframe, modification, engine and component services to airlines around the world.

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About GE Aviation

GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet, turboprop and turboshaft engines, components and integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings.