Air Canada Selects B/E Aerospace for $50 Million Fleet-Wide Seating Upgrade.WELLINGTON, FL -- B/E Aerospace, Inc. (Nasdaq:BEAV BEAV Binary Editor and Viewer ), the world's leading manufacturer of aircraft cabin An aircraft cabin is the section of an aircraft in which passengers travel, often just called the cabin. At cruising altitudes, the surrounding atmosphere is too thin to breathe without an oxygen mask, so cabin pressurization adapts the cabin to atmospheric pressures. interior products and a leading aftermarket distributor of aerospace fasteners fasteners In construction, connectors between structural members. Bolted connections are used when it is necessary to fasten two elements tightly together, especially to resist shear and bending, as in column and beam connections. , 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 re·fur·bish tr.v. re·fur·bished, re·fur·bish·ing, re·fur·bish·es To make clean, bright, or fresh again; renovate. re·fur which enhances its in-flight entertainment In-flight entertainment (IFE) refers to the entertainment available to aircraft passengers during a flight. After World War II commercial aviation flights became a daily event in which entertainment was requested by passengers to help the time pass. 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 SVP S'il Vous Plaît (French: Please) SVP Senior Vice President SVP Schweizerische Volkspartei (Swiss People~s Party) SVP Society of Vertebrate Paleontology SVP Social Venture Partners SVP St Vincent de Paul 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 Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. , Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Form 10-Q Form 10-Q See 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 F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. 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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