GE Aerospace and UK Export Finance Launch New Financing Solution for Regional UK Shop Visits

UK Export Finance to support up to $1B in financing over the next five years for first-of-its-kind program

JULY 15, 2026 - GE Aerospace (NYSE: GE) and UK Export Finance (UKEF) today announced a first-of-its-kind framework for shop visit financing for airline customers leveraging GE Aerospace's Maintenance, Repair, and Overhaul (MRO) sites in Wales and Scotland. This new program will enable airlines to access financing for their engine maintenance spend, with UKEF supporting $1 billion in financing over the next five years, supporting airlines with quicker decision making and greater predictability.

"This new program provides airlines with a faster, more reliable way to manage investments in engine overhauls. We're pleased to partner with UKEF on a solution that supports our customers by keeping their fleets flying and strengthens our UK operations," said Rahul Ghai, Chief Financial Officer of GE Aerospace.

Currently, there is no established banking solution for engine overhauls, and ad hoc financings to-date have been complex and time consuming. By partnering together, GE Aerospace and UKEF have created a financing framework that provides several benefits to airline customers:

• The streamlined process enables quicker decision making. This framework eliminates the prolonged process that airlines experience with ad hoc financing options that involve multiple institutions assessing theoretical workscopes on an individual engine basis.
• This solution also provides airlines with clarity on the amount of financing available for overhauls performed at GE Aerospace's Wales and Scotland sites.
• With predictable, multi-year financing approved upfront, airlines can better align the timing of engine overhauls with their operational needs.

This partnership also demonstrates UKEFs support for businesses driving local growth across all regions of the UK.

UKEF CEO, Tim Reid said: "This landmark framework shows how UKEF can work in partnership with industry leaders such as GE Aerospace, to unlock practical solutions for global customers. We are backing GE Aerospace's world-class sites in Wales and Scotland, strengthening the UK's position in the global aerospace supply chain, while also supporting substantial economic growth and job creation on a local level."

Across GE Aerospace's Wales and Scotland MRO sites more than 2,000 employees service CFM56, GE90, and GEnx engines. GE Aerospace continues to invest in operations across the region. In 2025, GE Aerospace announced a $19 million investment for its Wales site over three years to enhance infrastructure and ensure it remains a leader in supporting global commercial fleets.

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.

ABOUT UK EXPORT FINANCE
UK Export Finance (UKEF) is the UK's export credit agency and a government department. It works with over 100 private credit insurers and lenders to help UK companies win, fulfil and get paid for export contracts. In 2024/2025, UKEF provided a record £14.5 billion in new financing, helping over 667 UK companies to export and grow and has supported up to 70,000 jobs.