For Immediate Release January 13, 2004

SH&E Awarded Aircraft Remarketing Mandate

Leading Aviation Consulting Firm’s Asset Management Practice Selected for Remarketing of Four Boeing 767-200ER Aircraft

NEW YORK. January 13, 2004. International air transport consultants SH&E, the world’s oldest and largest aviation consulting firm, has been awarded an exclusive mandate to remarket four Boeing 767-200ER aircraft, previously operated by Air Canada. The mandate was awarded by a group of U.S.-based investors.

“This is a another challenging task for us, but we are confident of placing these aircraft,” said SH&E Senior Vice President Clive Medland. “SH&E has remarketed nearly 200 aircraft over the last few years together with over a hundred engines, millions of dollars worth of spare parts, and airport facilities.”

The four 767-200s are ETOPS capable and have already attracted interest from the marketplace. The first two aircraft will flown into SH&E’s care this month, while the third and fourth aircraft will likely continue on short-term leases with Air Canada but are available to SH&E for transfer on 90-day notice.

About SH&E. Simat, Helliesen and Eichner, Inc. (SH&E) was formed in 1963 to provide management assistance, expert counsel, and research regarding operations, economics, and finance of airlines and aviation-related industries. Committed to delivering client value through objective and independent analysis and extensive industry expertise, SH&E manages more projects than any other consulting firm of its type.

SH&E has performed more than 5,000 assignments, serving hundreds of airlines, airports, governments agencies, and the financial community in all parts of the world. This wealth of experience gives SH&E a unique understanding of the problems and challenges in all segments of the aviation industry.

SH&E’s professional staff reflect a balance of industry experience, strategic thinking, and advanced technical skills. The firm’s 80 aviation specialists have been drawn from airline management, academia, government, and related businesses. This experience is augmented with expertise in applied operations research, finance, marketing, statistical analysis, information technology, and strategic planning. SH&E maintains major offices in New York, Washington, Boston, and London.

For Further Information:

Clive Medland, Senior Vice President, SH&E
New York office telephone: 212 682 8455
Email: cgmedland@sh-e.com

Webster O’Brien, Director - Corporate Marketing, SH&E
Boston office telephone: 617 225 2800 ext. 143
Cell: 617 230 8399
Email: wobrien@sh-e.com
 

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