Jet Aviation and Airod Sign MoU to Operate a FBO and Line Maintenance Facility at Kuala Lumpur's Subang Airport

Geneva / Switzerland, May 16, 2008 – Jet Aviation announced during EBACE 2008 that it signed a Memorandum of Understanding (MoU) with Airod, Malaysia’s leading aerospace maintenance, repair and overhaul specialist, to jointly provide FBO, line maintenance and AOG services at Kuala Lumpur’s Subang airport in August 2008. The MoU was signed on May 8 at Jet Aviation’s Singapore facility and will be followed by a joint venture agreement in August 2008.

Within the next few months, the two companies will negotiate a joint venture agreement ready to be finalized and signed in August 2008. Once this partnership is into effect, Jet Aviation and Airod will immediately start to provide FBO, line maintenance, AOG and tenant services to local and regional aircraft operators. Operating under ‘Jet Aviation Malaysia’ or similar, the facility has 4,850 sq m (52,000 sq ft) of dedicated hangar with extensive maintenance space, repair shops and component overhaul facilities and a 280 sq m (3,000 sq ft) FBO building.

“Airod and Jet Aviation are two renowned brands in the aviation industry and will perfectly complement its service offerings. We are targeting a niche and specialized market and together with Jet Aviation will be able to offer FBO, maintenance and AOG support for corporate business jets customers”, said Kamil Aziz, Chief Executive Officer of Airod and adds “In the future, Airod and Jet Aviation are looking to expand the activities into charter and aircraft management, refurbishment and completions services.

André Wall, COO of Jet Aviation EMEA & Asia said: “Many of the Malaysia based aircraft are already served be Jet Aviation and together with Airod we now can support these business jets locally. The Malaysian market will double to 50 aircraft in the next two years and is expected to grow at a rate of 20 percent annually.”

Airod was established in 1976 to support the Royal Malaysian Air Force aircraft. In 1985, the company was privatized in a joint venture between National Aerospace & Defense Industries (NADI) and Lockheed Aircraft Systems International (LASI). Today, Airod is a fully Malaysian owned company under the NADI group of companies and is a leading MRO facility providing quality services to regional and global customers. Airod is strategically located at Subang’s Sultan Abdul Aziz Shah (SAAS) airport complex northwest of the capital city of Kuala Lumpur and is an internationally recognized aerospace maintenance and modification center. For more information, please visit www.airod.com.my.

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