RNS Number:0591R
Cobham PLC
20 October 2003


                                   COBHAM PLC

        COBHAM PLC SUBSIDIARY - NATIONAL JET, WINS A$100 MILLION ORDER


Adelaide based National Jet has reached an agreement for a A$100 million
contract to operate Boeing 727 freighter aircraft for Australia's largest
overnight freight service Australian air Express (AaE).  AaE is a joint venture
between Australia Post and Qantas carrying Australia's official mail and
commercial air freight.

To fulfill the contract, National Jet will acquire six Boeing 727 aircraft and
other assets previously operated by TransAustralian Air Pty Ltd (in
Administration) for a consideration of #11 million paid in cash.  National Jet
will also take on approximately 100 staff and jet base operations in Melbourne
to service a network throughout Australia.

This is a strategically important move for National Jet.  The 727 operations
will significantly expand upon National Jet's existing BAe 146 air freight
operations capability which National Jet currently provide to AaE and will
complement and strengthen other existing business in the region.

The contract will see more than 59 million kilograms of freight delivered to
capital cities across Australia on an annual basis.

Allan Cook, Chief Executive, Cobham plc said:

"The contract with AaE provides greater diversification of revenue and
strengthens National Jet's existing long term relationship with an existing key
customer. The challenge of combining the new 727 operation with our existing
business is exciting. We are looking forward to welcoming the new staff into
National Jet and continuing to provide a high quality service to AaE."

National Jet is part of Cobham plc flight operations group and provides aviation
services such as wet leasing, scheduled airline operations, coastal
surveillance, charter and resource industry air services for major corporate and
government organisations.

National Jet which was founded in Adelaide in 1990 now employs more than 1000
people at various locations throughout Australia and PNG and operates over 40
aircraft making it Australia's third largest high capacity aircraft operator.



                                                                 20 October 2003


For further information please contact:

ENQUIRIES

Cobham plc
Allan Cook                                        Telephone +44 (0) 1202 882 020
Chief Executive

Warren Tucker                                     Telephone +44 (0) 1202 882 020
Group Financial Director

College Hill
Matthew Smallwood                                 Telephone +44 (0) 207 457 2020



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