VEM Gets FAA Certification for A310 and A300

Rio de Janeiro, August 2, 2007 – VEM Maintenance and Engineering has secured its position as one of the world's leading MRO facilities by receiving FAA certification to perform heavy maintenance for Airbus A310 and A300-600 aircraft. This achievement enlarges the repair capacity to satisfy the growing demand from VEM's customers, strengthens existing contract relationships, and enables new customers to benefit from a wider product selection of commercial aircraft repair.

VEM is a TAP Portugal Group company and is already certified by all major Civil Aviation Authorities, including FAA, EASA, ANAC (Brazil), and many other individual countries regulating Aviation Authorities for which VEM has significant maintenance contracts. VEM has more than 80 years of maintenance and repair expertise, and has evolved its capabilities to include most models of Boeing, Embraer, Fokker, Gulfstream, and now Airbus aircraft.

VEM was approved and certified two years ago to perform heavy maintenance on A300-200 aircraft, and after considerable cost and investment has successfully achieved this new status of offering heavy maintenance for these additional Airbus aircraft models. VEM expects to grow significantly in offering even more heavy maintenance repair capabilities in the coming years, anticipating the future growth requirement in Latin America for such service. The Latin American aviation market is recognized as a growth market, second only to Asia, and will see in the future an even market split between Boeing and Airbus aircraft.

"The certification of these Airbus aircraft models is part of a developing and growth process of VEM, which is already worldly recognized for the quality of its services, and enlarges its commercial horizons, allowing the entrance of foreign currency in Brazil," says VEM's CEO, Filipe Morais de Almeida. "We will continue investing in technology and training aiming to exceed our customers' expectations."