Air Works Becomes Service Partner for Sukhoi SuperJet in India

New Delhi, August 31, 2009: Air Works - India’s leading aviation service provider – announced signing a Letter of Intent with SuperJet International, to become its Authorised Service Partner for the Sukhoi Superjet 100 (SSJ100) aircraft in India.

Under the agreement, Air Works will perform the maintenance, repair and overhaul services for the Sukhoi Superjet 100 (SSJ100) aircraft series at its MRO facility in Hosur, near Bangalore. The agreement marks yet another milestone for Air Works in their endeavor to forge MRO partnerships with world’s leading aircraft manufacturers.

Announcing the agreement, Fredrik Groth, Chief Executive Officer of Air Works said, "We are extremely happy and proud on our association with Superjet International. After successful partnerships with prestigious names in the aviation industry, we are confident that our experience in aircraft maintenance will make our partnership with SuperJet long-lasting. Air Works has always been one of the most trusted names in aircraft maintenance and repair business in India and we look forward to deliver even better services going forward.”

Speaking on the occasion, Alessandro Franzoni, CEO of Superjet International said, “We welcome Air Works to our worldwide network of reputed MRO partners and look forward to a long-standing association with Air Works in India. With their proven track record and world class services, we are sure that Air Works will match the service level expected by SSJ100 customers in India.”

From launching India’s first third party MRO facility in 2008 to becoming India’s first and only DGCA approved independent airline MRO, Air Works has carried out maintenance work for some commercial airlines like Kingfisher and SpiceJet. Air Works is soon expected to receive approval from European Aviation Safety Agency (EASA) for their MRO facility in Hosur.

Air Works Airline MRO in Hosur presently has one hangar capable of housing two ATR 72 Size aircraft or one narrow body aircraft, and with 13000 Sq. feet of office and back shop space. The company plans to build one more wide body hangar to be ready by end 2010 and invest up to USD $40 Million for setting up the additional hangars, the paint operation, and future engine/component MRO activities.

About Air Works:

Established in 1951, Air Works is the largest independent General Aviation MRO and the only third party Airline MRO Company in India. With an extensive and skilled work force of over 500 employees across 10 airports in the country, Air Works manages India's largest aviation technical staff and provides comprehensive services for fixed and rotary wing aircraft. The company has enormous experience in running India's largest MRO operation for jet & turboprop aircraft and helicopters and was also involved in setting up Jet Airways' in-house MRO team in 1994. In 2007, New York-based private investment firm Global Technology Investment and construction firm Punj Lloyd made growth equity investments in Air Works. In 2008, Air Works became first Indian Commercial MRO to receive approval from DGCA for its Maintenance, Repair and Overhaul [MRO] operations in Hosur, near Bangalore. For more information, please visit www.airworks.in.

About Superjet International:

SuperJet International, based in Venice, Italy, is a joint venture between Alenia Aeronautica, a Finmeccanica company (51%) and Sukhoi Holding (49%), is in charge of marketing, sales, customization and delivery of the Sukhoi Superjet 100 regional jet in Europe, the Americas, Oceania, Africa and Japan, as well as of worldwide aftersales support. SuperJet International is also responsible for the design and development of VIP and cargo variants. A SuperJet International branch is already active in Moscow, together with sales offices in Toulouse, France and Washington, DC, USA. For more information, please visit www.superjetinternational.com.

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