B/E Aerospace Confirms its Selection by Air France for Two Major Business Class Seating Programs Valued at Up to $40 Million.WELLINGTON, Fla. -- 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 confirmed that Air France Air France in full Compagnie Internationale Air France French passenger and cargo airline with more than 200 destinations in some 80 countries. It introduced supersonic Concorde service in 1976, but financial loss led the company to cease its Concorde has selected B/E Aerospace to provide business class seating for two of Air France's wide-body fleets in programs valued at up to $40 million. Continuing its focus on commitment toward enhancing passenger comfort and introducing product innovation throughout the cabin, Air France has selected B/E to manufacture and deliver versions of its popular MiniPod(R) lie-flat business class seating product for Air France's new fleet of Airbus A380 aircraft as well as part of its existing Boeing 777 aircraft. Initial product deliveries for both programs are expected to begin in 2006. Robert Khoury, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of B/E Aerospace said, "We are extremely pleased to have been selected by Air France to equip not only its A380 aircraft but also part of the Air France fleet of Boeing 777's. B/E Aerospace has been highly successful in winning a very strong share of interior equipment orders for A380 aircraft. In addition, a number of airlines who have selected newly developed B/E Aerospace equipment for their A380 aircraft have begun to place orders for similar equipment on their other wide-body fleets." MiniPod and other leading B/E aircraft cabin interior products will be on display at the Aircraft Interiors Expo in Hamburg, Germany, Hall 12 Booth A1 from April 5-7, 2005. 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 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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