(Zhuhai, 28 September 2021) On the opening day of XIII China International Aviation and Aerospace Exhibition in Zhuhai (“Zhuhai Airshow”), AerDragon Aviation Leasing Company Limited (“AerDragon”) entered into a TrueChoiceTM, engine overhaul agreement with GE, relating to eight CFM56-5B engines installed on four Airbus A320ceo aircraft. The aircraft were part of AerDragon’s A320 order placed in 2007, the first from a China based lessor, where it selected GE’s CFM56-5B engines.

“GE is a pillar of the aviation industry and has supported AerDragon’s development since our inception. We are pleased to expand our partnership and become the first Chinese lessor customer of GE’s pioneering TrueChoice engine overhaul program. Working together with OEM partners, we look forward to providing cost effective solutions to our airline customers”, said Gang Li, CEO of AerDragon.

“We are very pleased to sign engine overhaul agreement with AerDragon to further extend our partnership with the first Chinese lessor”, said Weiming Xiang, GE Vice President, GE China President and GE Aviation China President. “GE is thrilled to be the partner to support the phenomenal growth of Chinese aircraft lessors in past 15 years. With the unprecedent challenges the whole industry is facing post COVID-19 pandemic, GE will continue to provide the best product, service and support to the lessor customers.”

The TrueChoice suite of engine maintenance offerings incorporates an array of GE capabilities and customization across an engine’s lifecycle. Each TrueChoice offering is underpinned by GE Aviation’s data and analytic capabilities and experience to help reduce maintenance burden and service disruptions for customers.

About AerDragon Aviation Leasing Company Limited:

AerDragon was established in October 2006 as the first aircraft operating lessor based in China. With a current customer base covering China, South Asia, Europe and South America, AerDragon offers a arrange of services including aircraft leasing, trading and asset management.

About GE Aviation:

GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, as well as integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings. For more information, please follow: www.ge.com/aviation .

AerDragon Media Contact:

Mr. Zhou Ningning

Tel +86 10 64107210

Dragon@aerdragon.cn

GE Media Contact:

Ms. Lisa Feng

Tel +86 38777839

Lisa.feng@ge.com

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