- Expanding cooperation with Chinese lessors to better support local market
- Shared focus on supporting reliable C909 fleet operation
FARNBOROUGH, England – July 20, 2026 – GE Aerospace (NYSE:GE) has signed an agreement with SPDB Financial Leasing for 10 CF34-10A spare engines, underscoring continued cooperation between the two companies and their shared focus on supporting fleet operations and future growth.
The purchase will further strengthen lifecycle support for the COMAC C909 aircraft through innovative leasing solutions. It also marks SPDB Financial Leasing as the first leasing company to independently procure CF34-10A spare engines, setting a strong example of industry-finance collaboration in support of the long-term development of China’s regional aviation market.
Mohamed Ali, President & CEO, GE Aerospace Commercial Engines & Services, said: “SPDB Financial Leasing is the first lessor to purchase CF34-10A spare engine from GE Aerospace,” said Mohamed Ali, President & CEO, GE Aerospace Commercial Engines & Services, “This purchase proudly reflects the strong working relationship between our companies. Beyond operators and MROs, we are pleased to further expand the partnership with lessors to continue supporting the COMAC C909 program.”
“Supporting the development of China’s aviation industry has long been a strategic priority and firm commitment for SPDB Financial Leasing,” said Mr. Peng Wang, Chairman of SPDB Financial Leasing. “This agreement reflects our continued investment in the sector and our confidence in its long-term growth. Building on this milestone, we look forward to expanding our cooperation with GE Aerospace in areas including asset management for domestically produced aircraft and full-lifecycle engine support.”
GE Aerospace’s CF34 engine family, which powers the MHI RJ Aviation Group (MHIRJ) CRJ, Embraer E-Jets and COMAC C909, has a long track record of reliability and durability in regional aviation, with more than 11,000 engines sold to 178 operators in 76 countries.
The CF34-10A exclusively powers the COMAC C909 regional jet and provides operators with a dependable propulsion solution for daily service. As the COMAC C909 marks 10 years of commercial operation since entering service in 2016, GE Aerospace has supported COMAC in the delivery of 186 C909 aircraft to more than 10 carriers.
The in-service fleet has accumulated more than 2 million flight hours, while achieving a 12-month rolling dispatch rate of 99.97%. Since 2022, GE Aerospace has also granted a GBSA license to HEACO to provide CF34-10A overhaul and repair support, further strengthening aftermarket capabilities for the C909 fleet.
About SPDB Financial Leasing
SPDB Financial Leasing ("SPDBFL") is a national non-bank financial institution established in Shanghai on May 11, 2012, with a registered capital of USD 930 million. Jointly backed by Shanghai Pudong Development Bank and COMAC, SPDBFL leverages the unique advantages of financial leasing in integrating industry with finance, and capital with equipment. Focusing on aviation, shipping, aerospace, advanced manufacturing, and green finance, the company is dedicated to providing professional, specialized, and innovative leasing solutions. To date, SPDBFL has delivered over 120 aircraft, with its fleet value exceeding USD 4.35 billion.
About GE Aerospace
GE Aerospace is a global aerospace propulsion, services, and systems leader with an installed base of approximately 50,000 commercial and 30,000 military aircraft engines. With a global team of approximately 57,000 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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Paul Bergman
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paul.bergman@geaerospace.com