GE Aviation Signs MOU With SR Technics, Enhancing Global Customer Support

Business Wire, June 20, 2007

LE BOURGET, France -- GE Aviation today announced the signing of a Memorandum of Understanding (MOU) with SR Technics, a leading supplier of technical support and management services for commercial aircraft, engines and components. The agreement expands the support and maintenance solutions that GE Aviation and SR Technics will offer its mutual commercial aircraft customers.

"The GE Aviation relationship with SR Technics provides our collective customer base with more innovative solutions to meet their maintenance and support needs, while giving us a platform to grow our services, expertise and business," said Catherine Gridley, President, Systems Customer Services for GE Aviation.

The agreement expands the support and maintenance solutions in the field of component service which forms the basis to pursue a longer term business partnership between both companies in support of their customers' fleet operations. It also provides the opportunity for GE and SR Technics to explore ways of utilizing the world class capabilities of both organizations to create additional, mutually-beneficial services that are value-driven and focus on the through-life care of their customers' aircraft.

The agreement is with the Systems division of GE Aviation, formerly Smiths Aerospace.

GE Aviation, an operating unit of General Electric Company (NYSE:GE), is a world-leading provider of commercial and military jet engines and components as well as integrated digital, electric power, and mechanical systems for aircraft. GE Aviation also has a global service network to support these offerings. For more information, visit us at www.ge.com/aviation.> SR Technics is one of the world's leading independent providers of technical services for the civil aviation sector. The SR Technics Group offers its customers airlines comprehensive and totally-tailored solutions for the technical support and management of their aircraft fleets, engines and components. With its head office at Zurich Airport, SR Technics provides its services through an extensive network of international operations and sales offices in Europe, Asia and the Middle East. About 500 airline customers currently entrust some 750 aircraft, 300 engines and 78,000 components to its care. The company has a workforce of around 5,300 employees, and generated total operation revenue of CHF 1.7 billion in 2006. SR Technics belongs to a consortium from the United Arab Emirates composed of Mubadala Development, Dubai Aerospace Enterprise (DAE) and Istithmar, since November 2006. For further information visit www.srtechnics.com.