I thought I probably missed it on Agora as I don`t read the board every day.

A little Air Canada new...seating rehab...$50M worth...

By: Danl in EDIG | Recommend this post (0)

Mon, 06 Jun 05 7:24 PM

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http://biz.yahoo.com/bw/050531/315095.html?.v=1

Air Canada Selects B/E Aerospace for $50 Million Fleet-Wide Seating Upgrade

Tuesday May 31, 8:00 am ET

WELLINGTON, FL--(BUSINESS WIRE)--May 31, 2005--B/E Aerospace, Inc. (Nasdaq:BEAV - News), 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® 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® 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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Contact:

B/E Aerospace, Inc.

Doug Dean

Director, Investor Relations

561-791-5000