Emirates Airline Selects B/E Aerospace for Super First Class Cabins on New Boeing 777 Fleet; Program Initially Valued at over $4
November 22 2005 - 10:24AM
Business Wire
B/E Aerospace, Inc. (Nasdaq:BEAV) announced today that it was
selected by Emirates Airline to design and manufacture
international super first class cabins for a number of its fleet of
Boeing 777 aircraft. Based in Dubai, in the United Arab Emirates
(UAE), Emirates is one of the fastest growing and the second most
profitable airline in the world. This program is valued at over $45
million, and represents a follow-on award to the $80 million
program to outfit Emirates' new A380 fleet with super first class
cabins, previously announced in July 2004. Deliveries for the B777
award are scheduled to begin in late 2006. The B777's referred to
herein include a portion of the 42 new buy B777 aircraft referred
to in the Boeing Aircraft Company release at the Dubai airshow
yesterday. The Emirates' First Class Suite, similar to the suite on
the Airbus A340-500 aircraft, is based on the comfort and
conveniences of a premium hotel suite and represents the successful
collaboration between Emirates' in-house design team, renowned
French designer Jacque Pierrejean, and B/E's Industrial Design
Studio. This revolutionary design will allow first class
international commercial passengers to discover the luxurious
amenities and ambiance normally associated with head of state
aircraft. The First Class Suite is a cabin within an aircraft
cabin. Entry into the suite's plush accommodation is gained by
accessing electrically-operated doors, which in addition to
increasing a passenger's security, also enhance passenger privacy.
Once inside, the suite boasts an array of well-defined
appointments, including a fully adjustable, electrically-operated
first class seat with unique comfort features that easily converts
into a bed, a vanity unit complemented with custom finishes,
accommodation for luggage, a private closet, and a large personal
interactive LCD entertainment system. In addition, a finely crafted
dining environment with individual beverage storage provides the
finishing touches to Emirates' demonstration of comfort, style, and
functionality. The First Class Suites are intended to be installed
on the Boeing 777 aircraft configured for three-class international
service. B/E Aerospace Senior Vice President Michael B. Baughan
said, "Emirates is one of the premier airlines in the world and we
are very pleased to continue our partnership as they set a new
standard for luxury long-haul first class service. This award
excludes both business and coach class sections of the aircraft
referred to herein and, as mentioned earlier, includes only a
portion of the 42 new buy B777's announced by Boeing yesterday at
the Dubai Air Show." 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. The forward-looking
statements included in this news release are made only as of the
date of this news release and, except as required by federal
securities laws, we do not have any obligation to publicly update
or revise any forward-looking statements to reflect subsequent
events or circumstances. 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. About Emirates Airline Since
its launch in 1985, Emirates Airline has received more than 280
international awards in recognition of its unsurpassed levels of
customer service. Emirates is the world's second most profitable
airline and among the 20 largest. It is based in Dubai, one of the
few cities in the world that pursues an open-skies policy, with
more than 110 airlines in free and fair competition. Emirates' 83
all wide-bodied fleet includes seven freighters and is among the
youngest in the skies, with an average age of 55 months - over
eight years less than the industry average. The airline plans to
more than double its size by 2012, with 132 aircraft orders, worth
US$37.4 billion in list prices.
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