Airwork Orders 7 AEI B737-400SF Conversions

MIAMI, FL., — October 24th, 2014 — Aeronautical Engineers, Inc. (AEI), is pleased to announce that Airwork (a New Zealand listed company) based in Auckland, New Zealand has selected AEI to provide two (2) firm and five (5) optional B737-400SF eleven pallet configuration passenger-to-freighter conversions. Airwork will make the freighter aircraft available to its ACMI and dry lease customers. The first aircraft, built in 1992 has already been modified at Commercial Jet Services’ Dothan, Alabama facility and was successfully redelivered to Airwork on August 14th. It has since been placed with one of Airwork’s existing ACMI customers. The second aircraft has entered conversion at Commercial Jet Services in Dothan Alabama, which is an authorized AEI Conversion Center and is scheduled to be completed in February of 2015. As part of Airwork’s fixed wing dry lease expansion plan, it has recently committed to purchasing six B737-400 sister ship aircraft from a major international airline to add to the one aircraft it previously acquired. Airwork has already taken delivery of the first two aircraft and will take delivery of the next four aircraft progressively over the next six months.

AEI’s Vice President of Operations, David McDonald said, “The proven durability of the AEI B737-400SF conversion will provide Airwork and their end customers with many years of reliable, revenue generating service.” He added, “We are proud to have a customer such as Airwork recognize the significant value that AEI conversions offer to aircraft owners and operators.”

Including this order of conversions, Airwork will have converted a total of 13 B737 classics with AEI. AEI’s B737-400SF will provide Airwork with a Main Deck capable of carrying multiple ULD’s including:

· (10) 88”x125” AAC Containers, P1 to P10 or
· (8) 96”x125” ULDs plus
· (1) 53”x88”x64” Pallet or AEP/AEH or 60.4”x61.5” AKE/LD3 or 61.5”x88”x56”H AYY in P11

This unique flexibility has been designed by AEI to allow the operator to immediately adapt to multiple ULD configurations at a moment’s notice. When combined with proven reliability, the AEI Converted B737-400SF will allow Airwork to keep their aircraft where they belong – “In the air, generating revenue”.