Air Canada Selects B/E Aerospace for $50 Million Fleet-Wide Seating Upgrade
May 31 2005 - 8:00AM
Business Wire
B/E Aerospace, Inc. (Nasdaq:BEAV), the world's leading manufacturer
of aircraft cabin interior products and a leading aftermarket
distributor of aerospace fasteners, today announced that Air Canada
has selected B/E to perform a fleet-wide upgrade of the airline's
seating on 143 aircraft. B/E will manufacture and deliver its
Spectrum(R) family of coach and first class seating for the
Montreal-based carrier's Hospitality Service and Executive Class
seating on its narrow-body fleet and its new Bombardier regional
jets. Air Canada's wide-body aircraft will also be equipped with
B/E's Spectrum(R) coach class seating. The program supports Air
Canada's aircraft interior refurbishment which enhances its
in-flight entertainment by providing fully interactive,
personalized video systems on all its mainline aircraft. The total
value of today's announced program award is expected to be
approximately $50 million. Deliveries under this program will begin
in late 2005. "We are very pleased to be a part of Air Canada's
international growth initiative. We believe that our Spectrum seats
will serve as an outstanding solution to deliver Air Canada's
personal in-flight entertainment services to its customers.
Spectrum will provide greater comfort, enhancing the passengers'
total in-flight experience and will reduce the airline's total cost
of ownership," said Michael Baughan, SVP and General Manager of B/E
Aerospace's Commercial Aircraft Product Group. This news release
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Such forward-looking statements involve risks
and uncertainties. B/E's actual experience may differ materially
from that anticipated in such statements. Factors that might cause
such a difference include those discussed in B/E's filings with the
Securities and Exchange Commission, including but not limited to
its most recent proxy statement, Form 10-K and Form 10-Q. For more
information, see the section entitled "Forward-Looking Statements"
contained in B/E's Form 10-K and in other filings. About Spectrum
Spectrum is B/E's newest innovation in main cabin seating and
represents the company's most successful product launch in its
history. Through concurrent engineering with customer focus groups,
Spectrum provides greater comfort and living space than other
competitive seating products and reduces the airline's total cost
of ownership as a result of its unique platform design. Versions of
B/E's Spectrum seats have been selected by 48 airlines and leasing
companies worldwide. About B/E Aerospace, Inc. B/E Aerospace, Inc.
is the world's leading manufacturer of aircraft cabin interior
products, and a leading aftermarket distributor of aerospace
fasteners. B/E designs, develops and manufactures a broad range of
products for both commercial aircraft and business jets. B/E
manufactured products include seating, lighting, oxygen, and food
and beverage preparation and storage equipment. The Company also
provides cabin interior design, reconfiguration and
passenger-to-freighter conversion services. Products for the
existing aircraft fleet -- the aftermarket -- generate about 60
percent of sales. B/E sells its products through its own global
direct sales organization. For more information, visit B/E's
website at http://www.beaerospace.com.
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