Released on: August 16, 2008, 4:23 am

Press Release Author: ST Aerospace

Industry: Aerospace

Press Release Summary: CFM International (CFM) has inked a series of agreements with
Singapore Technologies Aerospace Ltd (ST Aerospace) in support of ST Aerospace's
CFM56-3, CFM56-5B and CFM56-7B MAINTENANCE, REPAIR AND OVERHAUL (MRO) operations.

Press Release Body: These agreements include a comprehensive 10-year materials
services agreement that encompasses AIRCRAFT COMPONENT REPAIRS and the provision of
both new and used serviceable materials for life-limited and non-life limited parts
for the CFM56 engine. The value of this agreement is estimated at US$1.5b and takes
effect immediately. As part of the material services agreement, CFM will establish
a spare parts logistics center in Singapore to better support ST Aerospace and its
customers in the region.

In addition to the material services agreement, ST Aerospace and CFM also signed an
ENGINE OVERHAUL SUPPORT Agreement, which will grant ST Aerospace access to OEM
technical support and data from CFM.

"This agreement is really a win-win proposition," said Eric Bachelet, President and
CEO of CFM.

"ST Aerospace can now bring all the benefits of genuine CFM parts, fully backed by
the original manufacturer, to its customers and we are now closely affiliated with
one of the largest and most respected maintenance providers in the world with a
truly global network."

"We are pleased to further develop our partnership with CFM across the various
dimensions of total MRO support for the CFM56 family of engines," said Tay Kok
Khiang, President of ST Aerospace.

"Through today's agreements, ST Aerospace will be able to leverage on the
wide-ranging partnership with CFM to bring greater value to customers of our
AIRCRAFT ENGINE TOTAL SUPPORT SOLUTION through OEM support in materials and
engineering data."

CFM56 engines are a product of CFM International (CFM), a 50/50 joint company
between Snecma (SAFRAN Group) and General Electric Company.

###

ST Aerospace is the aerospace arm of ST Engineering. Operating a global AIRCRAFT
MRO network with facilities in the Americas, Asia Pacific and Europe, it is the
world\'s largest airframe MRO provider with a global customer base that includes many
of the world\'s leading airlines, airfreight operators and military operators. ST
Aerospace provides a full spectrum of maintenance and engineering services through
its two business segments:
1) Aircraft Maintenance & Modification (AMM)
http://www.staero.aero/www/businesssegment.asp?bussubid=NTAwMDA
2) Component & Engine Total Support (CETS)
http://www.staero.aero/www/businesssegment.asp?bussubid=NTAwMDM

Its services include AIRFRAME, ENGINE AND COMPONENT MAINTENANCE, REPAIR AND
OVERHAUL; engineering design and technical services; and AVIATION MATERIALS and
management services, including TOTAL AVIATION SOLUTION. ST Aerospace has a global
staff strength of more than 7,000 engineers and technical specialists.

Jamie Jewell
1.513.552.2790
jamie.jewell@ge.com
Mobile: 1.513.885.2282

Rick Kennedy 1.513.243.3372
jamie.jewell@ge.com
Mobile: 1.513.607.0609

Antoinette Menard 33.1.69.87.09.28
antoinette.menard@snecma.fr
Mobile: 33.6.74.78.10.65



Web Site: http://www.staero.aero

Contact Details: Audrey Tan
Head, Corporate Communications
ST Aerospace
540 Airport Road
Singapore 539938
Tel: (65) 6380 6152
Fax: (65) 6280 8213
Website: http://www.staero.aero
Email: audreytan@stengg.com