Evergreen Aviation Technologies, GE Form New Venture

TAIPEI, TAIWAN, March 31, 2014 – Evergreen Aviation Technologies Corp. (EGAT) and GE Aviation have formed a new joint venture, specializing in commercial aircraft engine overhaul. Named GE Evergreen Engine Services, the new company builds on more than 15 years of close cooperation between Evergreen and GE Aviation.

“EVA and GE launched our EGAT joint venture in 1998. Working together this way has been a win-win for both companies. EGAT is recognized as a global leader in maintenance, repair and overhaul (MRO) and provides services to more than 40 airlines," said EVA Air Chairman K.W. Chang. "EGAT and GE are now teaming up again to establish GE Evergreen Engine Services and expand the work to the new GEnx engines. This venture will further enhance the partnership and solidify EGAT’s position as a global aircraft engine maintenance leader. ”

The GEnx family of engines is the fastest-selling in GE Aviation history with more than 1,500 on order. The engine was introduced into 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.

“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 expand our partnership with EGAT as we create a next-generation service network for GEnx.”

GE Aviation will begin providing training and tooling for the GEnx later this year. GE Evergreen Engine Services will be equipped to begin performing limited work on the GEnx in 2015 and have full overhaul capabilities by 2019.