Sikorsky Selects Goodrich Health Management System for U.S. Marine Corps CH-53K Heavy Lift Helicopter

September 26, 2008

– System will contribute to condition-based maintenance, lower operating
cost for new heavy lift helicopter

CHARLOTTE, N.C., Sept. 25, 2008 /PRNewswire-FirstCall/ — Goodrich
Corporation (NYSE: GR) has received a development contract from Sikorsky
Aircraft Corporation to equip the CH-53K heavy lift helicopter Sikorsky is
developing for the U.S. Marine Corps, with an Integrated Vehicle Health
Management System (IVHMS). Work will be performed by Goodrich’s Sensors and
Integrated Systems team in Vergennes, Vt.

The CH-53K helicopter is a modern version of the existing CH-53E
aircraft with all-new digital avionics, and the increased range and lift
capability the Marine Corp requires. The aircraft is scheduled for
introduction into service in 2015. The Goodrich IVHMS for the CH-53K
helicopter builds upon the successful Integrated Mechanical Diagnostic
Systems that Goodrich provides for the CH-53E helicopter and the
condition-based maintenance practices being enabled by this earlier
generation system. The IVHMS on the newer CH-53K model system will monitor
additional aircraft subsystems to provide the Marines with a complete
health assessment of the aircraft.

“The CH-53K will perform the most urgent and demanding heavy-lift
missions, and the Marines need to know their aircraft are ready and able to
execute these missions on short notice,” said Jan Mathiesen, Vice
President, Goodrich Sensors and Integrated Systems. “The data this system
provides to operators and maintainers translates directly into increased
mission readiness rates with lower overall maintenance and operating costs.
Our battle-proven experience on multiple Marine Corps and U.S. Army
helicopters means CH-53K operators will receive a system that is mature,
robust and a true combat multiplier.”

The IVHMS will monitor the CH-53K helicopter’s entire mechanical drive
train from the engines to the rotor system, and hundreds of aircraft
systems. The comprehensive health information provided will avoid costly,
lengthy repairs or surprises that impact the aircraft’s ability to execute
a mission.

Goodrich is the world’s leading provider of health management systems
for helicopters, with applications on the U.S. Navy and Marine Corps MH-60
R/S helicopters, AH-1Z, UH-1Y and CH-53 E/K models; the U.S. Army’s UH-60
A/L/M and CH-47D models; and the commercial Sikorsky S-92(R) helicopter and
S- 76D(TM) helicopter platforms.

Goodrich Corporation, a Fortune 500 company, is a leading global
supplier of systems and services to the aerospace and defense industry.
Serving a global customer base with significant worldwide manufacturing and
service facilities, Goodrich is one of the largest aerospace companies in
the world. For more information, visit http://www.goodrich.com .

Goodrich Corporation operates through its divisions and as a parent
company for its subsidiaries, one or more of which may be referred to as
“Goodrich Corporation” in this press release.

S-92(R) and S-76D(TM) are trademarks of Sikorsky Aircraft Corporation.

SOURCE Goodrich Corporation; GR – Electronic Systems

GOL Announces Corporate Reorganization of Subsidiaries

September 26, 2008

Prior Approval from ANAC

SAO PAULO, Brazil, Sept. 25 /PRNewswire-FirstCall/ — GOL Linhas Aereas
Inteligentes S.A. (“GOL” — NYSE: GOL and Bovespa: GOLL4), the parent
company of Brazilian airlines GOL Transportes Aereos S.A. (“GTA”) and VRG
Linhas Aereas S.A. (“VRG”), in compliance with the provisions in paragraph
4 of article 157, of Law no. 6404/76, and in CVM Instruction no. 358/02,
hereby communicates to the market that the National Civil Aviation Agency
(“ANAC”) issued the prior approval for the corporate reorganization of its
subsidiary companies, GTA and VRG (“Reorganization”), with a view to merge
them into one single company (the “Successor Company”).

The Reorganization will be effective after the relevant corporate acts
are filed with the competent Commerce Registry.

As announced in the notice of relevant fact of July 30, 2008, the
Reorganization aims at improving operational structure of GOL’s subsidiary
companies. The Reorganization will allow increased efficiency in the air
transport services, since it will become possible to integrate the
operations of GTA and VRG, exploit synergies and broaden and improve
service offerings.

The brands “GOL” and “VARIG” will be maintained by the Successor Company.
The Reorganization will not affect in any manner whatsoever the rights of
GOL’s shareholders.

About GOL Linhas Aereas Inteligentes S.A.

GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4) is
the parent company of Brazilian airlines GOL Transportes Aereos S.A. and
VRG Linhas Aereas S.A. GTA offers over 630 daily flights to 56 destinations
connecting the most important cities in Brazil as well as the main
destinations in South America. VRG offers over 180 daily flights to 18
destinations in Brazil and South America. GTA and VRG operate a young,
modern fleet of Boeing aircraft, the safest and most comfortable aircraft
of its class, with low maintenance, fuel and training costs, and high
aircraft utilization and efficiency ratios. The Company’s service is
recognized as the best value proposition in the market.

SOURCE GOL Linhas Aereas Inteligentes S.A.

Elbit Vision Systems Wins a $0.5 Million Order With Rolls Royce

September 26, 2008

QADIMA, Israel, September 25 /PRNewswire-FirstCall/ — Elbit Vision
Systems (OTC: EVSNF) today announced that it has won a $0.5 million order
from Rolls Royce, for ultrasonic inspection systems. The order is to be
delivered during the first quarter of 2009. EVS has supplied many
ultrasonic systems to many of the sub-contractors who manufacture and
inspect parts for Rolls Royce. This is the first time the Company has sold
a system directly to Rolls Royce.

Rolls Royce will be using EVS’ ultrasonic inspection systems as
critical elements in ensuring the safety of its engines to be used in its
aerospace division.

“We are very pleased that a company which places such importance on
engineering excellence and quality, such as Rolls Royce, has chosen our
inspection system as a critical element in their safety and quality
control,” commented David Gal, CEO and Chairman of the Board. “We very much
look forward to building and expanding our relationship with Rolls Royce
with an eye to penetrating other areas of their business with our
products.”

About Elbit Vision Systems Ltd. (EVS): http://www.evs-sm.com

EVS offers a broad portfolio of automatic State-of-the-Art Visual and
Ultrasonic Inspection Systems for both in-line and off-line applications,
and quality monitoring systems used to improve product quality, safety, and
increase production efficiency.

EVS’ systems are used by over 600 customers, many of which are leading
global companies. The headquarters, manufacturing and R&D of EVS are all
located in Israel.

A worldwide Sales and Service network supports markets as well as
systems already installed, in Asia, Europe, Africa, Australia and the
Americas.

TAM To Have Daily Flights to Lima, Peru, as of October 17

September 26, 2008

New service will depart from Guarulhos International Airport in Sao Paulo
en route to Peru’s Capital

SAO PAULO, Brazil, Sept. 25 /PRNewswire-FirstCall/ — Starting October
17, TAM (NYSE: TAM and Bovespa: TAMM4) will begin to offer its new daily
flight service to Lima, Peru. The flight will depart from Guarulhos
International Airport in Sao Paulo en route to Jorge Chavez International
Airport in Peru’s capital. This will be the 17th international destination
served by TAM.

Modern Airbus A320 aircraft, featuring 12 executive class and 144
economy class seats, for a total capacity of 156 passengers, will service
the route.

The flight will take off from Sao Paulo at 8:25 a.m., and will land in
Lima at 10:35 a.m. The return flight from Lima to Brazil will depart at
11:45 a.m. and arrive in Sao Paulo at 7:30 p.m. (local time).

“The start of service to Lima gives continuity to our strategy of
expanding TAM’s international network,” says Paulo Castello Branco, TAM’s
Vice President of Sales and Planning. “Offering passengers new destinations
and possibilities of connections is part of our search for excellence of
service, one of TAM’s three pillars of performance, together with
management and technical-operational excellence.”

The schedule for the new flights will allow for connections in Sao
Paulo to destinations served by TAM in Europe (Frankfurt, Paris, Milan,
London and Madrid), as well as locations served by the airline in South
America, particularly Buenos Aires, Argentina. Beyond this, it will allow
for domestic connections with the principal destinations served by TAM in
Brazil.

Executive Class and special services

One thing that sets this route apart is the offering of seats in
Executive Class, which allows passengers to fly to Peru in greater comfort.
Those who fly Executive will also have VIP lounges in both airports at
their disposal.

On board, travelers will have access to every one of TAM’s special
services, and will also enjoy additional privileges such as free cell phone
rental, for which they will only be charged for calls made abroad, and, for
passengers in Executive Class, executive car service in Lima from the
airport to the hotel and back. These services are subject to contract
conditions (available at: http://www.tam.com.br / Servicos Especiais TAM [TAM
Special Services]) and can be requested when making reservations with at
least 24 hours before flight time notice.

Promotional fares for the launch of the route will start at US$ 585.00
in economy class and US$ 2,041.00 in executive class for round trip
service, not including fees. These rates are valid for tickets issued up to
October 17 for flights taken by December 1.

For more information, reservations and ticket purchase, customers can
get in touch with the TAM Service Center by calling 4002-5700 (from state
capitals) or 0800-570-5700 (from other locations), or via http://www.tam.com.br

SOURCE TAM

Pratt & Whitney Awarded Production Contract for F135 Propulsion Systems

September 26, 2008

EAST HARTFORD, Conn., Sept. 25 /PRNewswire/ — Pratt & Whitney was
awarded a production contract worth up to $491 million (including options)
for F135 propulsion systems to power the F-35 Lightning II. This second
F135 low rate initial production contract will support 12 F-35 production
aircraft, including six short-takeoff/vertical-landing (STOVL) and six
conventional take-off/landing (CTOL). Propulsion system deliveries are
scheduled to begin in third quarter 2009. Pratt & Whitney is a United
Technologies Corp. (NYSE: UTX) company.

“This is our second production contract for CTOL engines and the
introduction of the first production deliveries for the STOVL
configuration,” said Bill Gostic, vice president, Pratt & Whitney F135
engine programs. “This milestone indicates the continued maturity of the
F135 engine powering the F-35 today, and validates the confidence our
customer has in the CTOL and STOVL propulsion systems.”

In addition to F135 propulsion systems, the contract covers program
management, initial logistics support, engineering assistance, spare
propulsion systems and parts, and production tooling. This award is one in
a series of milestones for the F135 engine program, including exceeding
10,000 ground test hours as part of the system development and
demonstration program; logging 51 successful flight tests and more than 54
flight test hours of the F135-powered CTOL F-35 aircraft; and completing 13
flights of the F-35B powered by Pratt & Whitney’s F135 STOVL propulsion
system.

Rated at more than 40,000 pounds of thrust, the F135 is the most
powerful fighter engine ever built. The technologically advanced F135 is an
evolution of the highly successful F119 engine for the F-22 Raptor. By the
time the F-35 enters operation, the F119 engines will have logged more than
480,000 flight hours. In addition, the F135 will have logged 16,000 flight
hours and more than 17,000 ground test hours. The ground and flight test
experience demonstrate the maturity and the associated reliability of the
F135 engine for armed forces around the world.

The F135 STOVL propulsion system team consists of Pratt & Whitney, the
prime contractor with responsibility for the main engine and system
integration; Rolls-Royce of the United Kingdom, which provides lift
components for the STOVL F-35B; and United Technologies Corp.’s Hamilton
Sundstrand unit, provider of the engine control system and gearbox.

Pratt & Whitney is a world leader in the design, manufacture and
service of aircraft engines, space propulsion systems and industrial gas
turbines. United Technologies, based in Hartford, Conn., is a diversified
company providing high technology products and services to the global
aerospace and building industries.

Honeywell’s UOP Joins Aviation and Academic Leaders to Accelerate Development and Availability of Sustainable Biofuels

September 26, 2008

UOP, Boeing and nine commercial airlines focus on biofuels derived from
second-generation feedstocks that do not compete for food and water
resources

DES PLAINES, Ill., Sept. 25 /PRNewswire-FirstCall/ — UOP LLC, a
Honeywell (NYSE: HON) company, announced today that it has joined a group
of leading air carriers and Boeing (NYSE: BA) to accelerate the development
and commercialization of sustainable new aviation fuels.

With support and advice from world leading environmental organizations,
the World Wildlife Fund (WWF) and Natural Resources Defense Council (NRDC),
the Sustainable Aviation Fuel Users Group makes commercial aviation the
first global transportation sector to voluntarily drive verifiable
sustainability practices into its fuel supply chain.

The group’s charter is to enable the commercial use of renewable fuel
sources that can reduce greenhouse gas emissions, while lessening
commercial aviation’s exposure to oil price volatility and dependence on
fossil fuels. Airlines supporting the sustainable fuels initiative include
Air France, Air New Zealand, ANA (All Nippon Airways), Cargolux, Gulf Air,
Japan Airlines, KLM, SAS and Virgin Atlantic Airways. Collectively, they
account for approximately 15 percent of commercial jet fuel use.

“We welcome the aviation sector’s will to reduce their greenhouse gas
emissions, and appreciate their efforts to ensure the sustainability of
their biofuels sourcing,” says Jean-Philippe Denruyter, WWF Global
Bioenergy Coordinator and Steering Board Member of the Roundtable on
Sustainable Biofuels. “By teaming up with the Roundtable on Sustainable
Biofuels, the aviation sector can build on an existing solid
multi-stakeholder process that will reinforce this initiative.”

All group members subscribe to a sustainability pledge stipulating that
any sustainable biofuel must perform as well as, or better than,
kerosene-based fuel, but with a smaller carbon lifecycle. The user’s group
pledged to consider only renewable fuel sources that minimize biodiversity
impacts: fuels that require minimal land, water and energy to produce, and
that don’t compete with food or fresh water resources. In addition,
cultivation and harvest of plant stocks must provide socioeconomic value to
the local communities.

“The use of second-generation feedstocks is the only way that biofuels
will successfully make an impact on the growing demand for transportation
fuels without taxing valuable food, land and water resources,” said
Jennifer Holmgren, general manager for UOP’s Renewable Energy & Chemicals
unit. “We are proud to be a part of this team and are committed to
commercializing biofuels technologies that use second generation resources
to produce the highest quality fuel compatible with today’s infrastructure
and aircraft technology.”

The group has announced two initial sustainability research projects.
Assistant Professor Rob Bailis of Yale University’s School of Forestry &
Environmental Studies, through funding provided by Boeing, will conduct the
first peer-reviewed, comprehensive sustainability assessment of jatropha
curcas, to include lifecycle CO2 emissions and the socioeconomic impacts to
farmers in developing nations. Similarly, NRDC will conduct a comprehensive
assessment of algae to ensure it meets the group’s stringent sustainability
criteria.

Both species may potentially become part of a portfolio of biomass
based renewable fuel solutions that, through advanced fuel processing
methodologies developed by energy sector leaders such as UOP, can help
aviation diversify its fuel supply.

“This taskforce comes at just the right time to help airlines cut costs
and decrease their greenhouse gas emissions,” said Liz Barratt-Brown, NRDC
senior attorney. “If done right, sustainable biofuels could lower the
airlines’ carbon footprint at a time when all industries need to be moving
away from fuels with high levels of global warming pollution.”

UOP, a leading developer of refining technology, has already developed
process technology to convert natural oils and greases to military jet fuel
as part of a project funded by the U.S. Defense Advanced Research Projects
Agency (DARPA). The process technology produces “green” jet fuel that is a
drop-in replacement for traditional kerosene-based jet fuel and meets all
the critical performance specifications for flight. This technology is also
viable for use in the production of jet fuel for commercial jets.

Honeywell International is a $38 billion diversified technology and
manufacturing leader, serving customers worldwide with aerospace products
and services; control technologies for buildings, homes and industry;
automotive products; turbochargers; and specialty materials. Based in
Morris Township, N.J., Honeywell’s shares are traded on the New York,
London and Chicago Stock Exchanges. For additional information, please
visit http://www.honeywell.com.

UOP LLC, headquartered in Des Plaines, Illinois, USA, is a leading
international supplier and licensor of process technology, catalysts,
adsorbents, process plants, and consulting services to the petroleum
refining, petrochemical, and gas processing industries. UOP is a
wholly-owned subsidiary of Honeywell International, Inc. and is part of
Honeywell’s Specialty Materials strategic business group. For more
information, go to http://www.uop.com.

This release contains “forward-looking statements” within the meaning
of Section 21E of the Securities Exchange Act of 1934. All statements,
other than statements of fact, that address activities, events or
developments that we or our management intend, expect, project, believe or
anticipate will or may occur in the future are forward-looking statements.
Forward-looking statements are based on management’s assumptions and
assessments in light of past experience and trends, current conditions,
expected future developments and other relevant factors. They are not
guarantees of future performance, and actual results, developments and
business decisions may differ from those envisaged by our forward-looking
statements. Our forward-looking statements are also subject to risks and
uncertainties, which can affect our performance in both the near- and
long-term. We identify the principal risks and uncertainties that affect
our performance in our Form 10-K and other filings with the Securities and
Exchange Commission.

SOURCE Honeywell

Boeing Joins Aviation, Energy and Academic Leaders to Accelerate Development and Availability of Sustainable Biofuels

September 26, 2008

Environmental groups applaud effort to develop sustainable fuel
alternatives

SEATTLE, Sept. 24 /PRNewswire-FirstCall/ — Boeing (NYSE: BA) has, with
leading air carriers and Honeywell’s UOP, a refining technology developer,
established a group to accelerate the development and commercialization of
sustainable new aviation fuels. With support and advice from the world’s
leading environmental organizations, the World Wildlife Fund (WWF) and
Natural Resources Defense Council (NRDC), the Sustainable Aviation Fuel
Users Group makes commercial aviation the first global transportation
sector to voluntarily drive sustainability practices into its fuel supply
chain.

The group’s charter is to enable the commercial use of renewable fuel
sources that can reduce greenhouse gas emissions, while lessening
commercial aviation’s exposure to oil price volatility and dependence on
fossil fuels. Airlines supporting the sustainable fuels initiative include
Air France, Air New Zealand, ANA (All Nippon Airways), Cargolux, Gulf Air,
Japan Airlines, KLM, SAS and Virgin Atlantic Airways. Collectively, they
account for approximately 15 percent of commercial jet fuel use.

“We welcome the aviation sector’s will to reduce their greenhouse gas
emissions, and appreciate their efforts to ensure the sustainability of
their biofuels sourcing,” said Jean-Philippe Denruyter, WWF global
bioenergy coordinator and Steering Board member of the Roundtable on
Sustainable Biofuels. “By teaming up with the Roundtable on Sustainable
Biofuels, the aviation sector can build on an existing solid
multi-stakeholder process that will reinforce this initiative.”

All group members subscribe to a sustainability pledge
(http://www.boeing.com/commercial/environment/pdf/sustainable_aviation_fuel
_us ers_group.pdf) stipulating that any sustainable biofuel must perform as
well as, or better than, kerosene-based fuel, but with a smaller carbon
lifecycle. The user’s group pledged to consider only renewable fuel sources
that minimize biodiversity impacts: fuels that require minimal land, water
and energy to produce, and that don’t compete with food or fresh water
resources. In addition, cultivation and harvest of plant stocks must
provide socioeconomic value to the local communities.

“This is a tremendous opportunity for leading airlines, supported by
well-respected energy and environmental organizations, to help commercial
aviation take control of its future fuel supply in terms of origin,
sustainability and environmental impacts,” said Billy Glover, managing
director, Environmental Strategy for Boeing Commercial Airplanes. “The
number one priority going forward is to complete thorough assessments of
sustainable plant sources, harvesting and economic impacts, and processing
technologies that can help achieve that goal.”

The group has announced two initial sustainability research projects.
Assistant Professor Rob Bailis of Yale University’s School of Forestry &
Environmental Studies, through funding provided by Boeing, will conduct the
first peer-reviewed, comprehensive sustainability assessment of jatropha
curcas to include lifecycle CO2 emissions and the socio-economic impacts to
farmers in developing nations. Similarly, NRDC will conduct a comprehensive
assessment of algae to ensure it meets the group’s stringent sustainability
criteria.

Both species may potentially become part of a portfolio of
biomass-based renewable fuel solutions that, through advanced fuel
processing methodologies developed by energy sector leaders such as UOP,
can help aviation diversify its fuel supply.

“This taskforce comes at just the right time to help airlines cut costs
and decrease their greenhouse gas emissions,” said Liz Barratt-Brown, NRDC
senior attorney. “If done right, sustainable biofuels could lower the
airlines’ carbon footprint at a time when all industries need to be moving
away from fuels with high levels of greenhouse gas emissions, especially
high carbon tar sands and liquid coal.”

SOURCE Boeing Commercial Airplanes

TAM Begins Flights to Miami and Paris from Belo Horizonte

September 26, 2008

Frequencies depart daily from the Tancredo Neves International Airport
(Confins)

SAO PAULO, Brazil, Sept. 24 /PRNewswire-FirstCall/ — TAM (NYSE: TAM;
Bovespa: TAMM4) began operating two new international routes last weekend
from the Belo Horizonte Airport (Confins). TAM began offering daily flights
from the capital of Minas Gerais to Miami (USA), with a stop in Rio de
Janeiro, and to Paris (France) with a stop in Sao Paulo. “These flights are
a major step towards strengthening the Belo Horizonte Airport (Confins) and
consolidating it as an international hub,” said Captain David Barioni Neto,
president of TAM.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO )

The frequency to Miami is operated from the Tom Jobim Airport (Galeao),
in Rio de Janeiro, using a Boeing 767-300 with capacity of up to 205
passengers in Executive and Economy class configuration. The Paris
frequency will operate from Sao Paulo’s Guarulhos Airport using a modern
Airbus A330 aircraft configured for three classes, replacing the MD-11
currently being used that should be returned this year. The Belo
Horizonte-Rio de Janeiro and Belo Horizonte-Sao Paulo legs are operated in
both directions using Airbus A320 aircraft.

The flight to Miami departs from Tancredo Neves International Airport
in Belo Horizonte (Confins) at 7:30 p.m., arriving at Tom Jobim Airport
(Galeao) in Rio de Janeiro at 8:25 p.m., from where it departs at 11:05
p.m. for Miami International Airport, landing at 6:30 a.m. the following
day. The return trip departs Miami at 10:05 p.m. for Rio de Janeiro
(Galeao), arriving at 7:10 a.m., departing at 9:30 a.m. for Belo Horizonte
(Confins) and arriving at 10:35 a.m. The roundtrip price between Belo
Horizonte and Miami will begin at US$ 829 for tickets issued until December
4.

The flight to Paris departs Belo Horizonte (Confins) at 7:25 p.m. and
lands in Sao Paulo (Guarulhos) at 8:40 p.m., departing at 11 p.m. and
arriving in Paris (Charles de Gaulle Airport) the following day at 3:20
p.m. The return flight departs Paris at 11 p.m. and arrives in Sao Paulo
(Guarulhos) the following day at 5:40 a.m., departing at 8:30 a.m. for Belo
Horizonte and landing at 9:35 a.m.

With these new frequencies, TAM will operate three international
flights daily from Belo Horizonte International Airport. Besides the
flights to Miami and Paris, TAM has been operating a daily frequency since
November 2007 between Belo Horizonte and Buenos Aires (Argentina), with a
stop in Guarulhos, Sao Paulo.

“These international flights are an unequivocal demonstration of TAM’s
wager on the development of the Belo Horizonte market,” said TAM’s vice
president for Commercial and Planning, Paulo Castello Branco. In addition
to international operations, the company also has invested in the creation
of new domestic flights directly connecting the Minas Gerais capital to
destinations in the south of the country, without stopping in Sao Paulo.

For example, since August, the flight that departs Porto Alegre (Rio
Grande do Sul) at 7:30 a.m. lands in Curitiba at 8:35 a.m., and then
departs at 9:15 a.m. for Belo Horizonte (Confins), arriving at 11:00 a.m.
In the opposite direction, the flight departs Confins at 8:00 p.m. and
lands in Curitiba at 9:45 p.m., departing at 10:20 p.m. for Porto Alegre,
where it arrives at 11:25 p.m. The flight that departs Belo Horizonte
(Confins) at 12 noon and lands in Sao Paulo (Guarulhos) at 1:20 p.m. allows
for a number of domestic and international connections operated by TAM and
partner airlines. In the opposite direction, the flight leaves Sao Paulo at
6:05 p.m. and arrives in the Minas Gerais capital at 7:20 p.m.

Note: the Confins-Rio de Janeiro (Galeao)-Confins and Confins-Sao Paulo
(Guarulhos)-Confins routes are operated with Airbus A320 aircraft.

SOURCE TAM

Lufthansa Technik, OGMA Receive Excellence Awards at AVIATION WEEK’s MRO Europe Conference

September 26, 2008

MADRID, Spain, Sept. 24 /PRNewswire/ — AVIATION WEEK today presented
its Maintenance, Repair and Overhaul (MRO) Europe 2008 awards of excellence
to Lufthansa Technik and OGMA-Industria Aeronautica de Portugal at its MRO
Europe Conference & Exhibition in Madrid’s IFEMA Convention Center in front
of nearly 300 aviation industry professionals, executives and media
representatives. The ceremony was part of a two-day conference and
tradeshow for 3,000 aviation maintenance and safety experts from around the
globe.

Lufthansa Technik received the 2008 Best European Airline MRO of the
Year Award, as selected by editors at Overhaul & Maintenance (O&M). The
award honors Lufthansa Technik’s commitment to environmental stewardship;
its investment in personnel training, research and innovation; and its
consistent business success. “Lufthansa Technik is committed to innovation,
as evidenced by its composites work expansion and its Cabin Innovation
Center, which is scheduled to open to Hamburg in December,” said Lee Ann
Tegtmeier, Managing Editor of Overhaul & Maintenance, as she presented the
award to August Wilhelm Henningsen, Chairman and CEO of Lufthansa Technik.

“Overhaul & Maintenance selected OGMA to receive the Best European
Independent MRO of the Year Award because of its commitment to the
environment, health and safety; its forward-looking developments in
aerostructures, highlighting composite materials and repair technologies;
and its dexterity in providing maintenance and fleet management solutions
to customers in military, commercial and executive aviation,” said Frank
Jackman, Editor-in-Chief of Overhaul & Maintenance. “OGMA leads by example
with its environmental certification, and it is committed to reducing both
pollution and occupational hazards.” With customers in more than 45
companies worldwide, OGMA celebrates its 90th anniversary this year.
Eduardo Bonini, Chairman of OGMA, accepted the award on behalf of his
company.

The conference features Fernando Conte, CEO, Iberia; Fernando Pinto,
CEO, TAP Portugal; Abdel Aziz Fadel, Chairman & CEO, EgyptAir Maintenance
and Engineering; John Byers, CEO, Abu Dhabi Aircraft Technologies; Lorin
Dumitrescu, Deputy Technical Director, Tarom Romanian Air Transport; Paul
Horstink, SVP, Maintenance and Engineering, Martinair; Denis Vercherin,
Chairman & CEO, Snecma Services; and other prominent figures in the global
MRO industry. The exhibition hall hosts nearly 200 companies representing
MRO product and services suppliers.

GE and Iberia Sign MOU for Services Agreement

September 26, 2008

MADRID, SPAIN – September 24, 2008 – GE Aviation and Iberia have signed a memorandum of understanding (MOU) for Iberia to become the preferred regional fulfillment center for the maintenance, repair and overhaul of CFM56-5A engines within Europe, Africa and the Middle East.

Under this agreement, GE Aviation will contract with Iberia for MRO services on CFM56-5A engines operated by customers in the region. Iberia will enter into an OnPoint solution agreement with GE for material and services to be used in the maintenance, repair and overhaul of the CFM56-5A engines.

“Iberia is a well established MRO provider,” said Tom Gentile, vice president and general manager of GE Aviation’s Services organization. “The MOU and subsequent OnPoint solution material agreement will allow CFM56-5A customers in Europe, Africa and the Middle East to have their engines repaired by Iberia and have access to the same high-quality OEM spare parts and repair offerings that GE Aviation can provide.”

Manuel Lopez Aguilar, Executive Vice President Iberia Maintenance & Engineering said:

“The signature of this agreement represents for Iberia Maintenance a big step ahead in our strategy to be one of the top leaders of engine maintenance service providers. Being a member of the GE network demonstrates that you have attained the highest standards of quality, efficiency and customer support, and this is the commitment of Iberia to our customers and GE.

“The agreement represents a new step in the very fruitful long-term relationship between GE and Iberia Maintenance, established over many years. The CFM56-5A agreement will be the first project of deep co-operation that may be extended in the future for other products of the CFM and GE engine families.

“As part of this agreement Iberia Maintenance will continue investing in new technologies and improvements in processes and procedures in order to maintain our competitiveness and increase customer satisfaction.”

Iberia is Spain’s largest air transport group and the fourth largest in Europe. It is also the leading airline on routes between Europe and Latin America, with the most flights and destinations. Iberia’s business is focused on three main activities: transport of passengers and cargo, aircraft maintenance and handling services in airports. A private company, Iberia is listed in the selective Ibex 35 index of the Spanish stock market and is the only European airline to have posted a profit for the past 12 years. Iberia is also a founding member of oneworld, the alliance of airlines around the globe, which together serves some 700 destinations, and offers the best connections.

GE Aviation, an operating unit of General Electric Company (NYSE: GE), is a world-leading provider of commercial and military jet engines and components as well as integrated digital, electric power, and mechanical systems for aircraft. GE Aviation also has a global service network to support these offerings. For more information, visit us at www.ge.com/aviation.

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