FL Technics Starts Part Out Of 7 Newly Obtained Boeing 737-300

Vilnius, Lietuva (PressExposure) July 29, 2011 -- FL Technics, a rapidly growing integrated aircraft maintenance and repair organization, has purchased 7 Boeing 737-300 aircraft for tear down into parts and components. The disassembled aircraft components will be used to form and maintain a wider stock of B737 CL spare parts and components as well as to expand FL Technics warehouse portfolio capabilities.

FL Technics' decision to acquire Boeing 737-300 from the global low cost airline Air Asia was determined not only by the rapidly increasing demand for parts and components of this particular type of aircraft in Central and Eastern Europe as well as the CIS markets, but also by the objective to sustain an extensive B737 CL spare parts' assortment in the remaining European regions. The acquired aircraft will be dissembled locally in Malaysia.

"This acquisition is part of a broader investment program at FL Technics, which will expose to our company for future growth and will strengthen our position in the highly competitive spare parts market. It will broaden our spare parts inventories, as well as enables us to provide full technical support without geographical restrictions."- explained Jonas Butautis, the CEO of FL Technics. "This latest purchase is yet another measure that allows us to promptly serve our current and potential clients by offering them the highest quality services and the most cost efficient solutions", -added the CEO.

According to J. Butautis, while rapidly increasing FL Technics technical support capabilities, the company is considering the possibility to expand its activity into the Asian markets. "This acquisition of B737 CL is only the first step in the process of entering the Asian and the Middle East markets.", - commented J.Butautis.

In order to ensure a smooth development of the spare parts warehouse and exceptionally fast quality services for its clients, last year FL Technics already purchased a number of Boeing 737s, whereas the first A320 was acquired earlier this year. In the nearest future the company is planning to acquire more aircraft of the similar type for dismantlement.

Last year FL Technics also implemented a 24/7 AOG (Aircraft on the Ground) Line enabling its users to receive full engineering problem solutions and fast spare parts supply.

About FL Technics:

FL Technics is one of the largest integrated aircraft support and maintenance provider in Eastern Europe, the CIS and the Baltic States. The company offers an extensive experience in aviation as well as tailor-made solutions that are sure to please any client. FL Technics specializes in technical support, engineering solutions and maintenance planning, spare parts and components' management, training and consulting services. All technical support solutions are carried out in the main facilities in Lithuania and Ukraine as well as in line maintenance stations across the European Union and the CIS.

FL Technics operates under international certificates EASA Part 145, Part M, Part 147 and other regulations issued by aviation authorities in Bermuda, Russia and other countries. At present FL Technics services Boeing, Airbus, ATR, Embraer, Bombardier CRJ and other types of aircraft. FL Technics is a member of the Avia Solutions Group family - one of the largest aviation business groups in Eastern Europe. For more information about FL Technics, please visit our website at http://www.fltechnics.com.

About AirAsia

AirAsia was established in 1993 and is the largest low cost airline in Asia offering flights to more than 20 destinations. Together with AirAsia X, Thai AirAsia and Indonesia AirAsia the company operates flights on more than 60 routes across Asia, Australia and Europe. The entire AirAsia Group fleet consists of almost 90 Airbus A320 aircraft. AirAsia X alone owns 11 Airbus A330 and A340. In 2009, 2010 and 2011 AirAsia was acknowledged as being the best low cost airline in the world. In the first quarter of this year AirAsia carried more than 7 million passengers.

For further information, please do not hesitate to contact:

Ernesta Raulonyte.

Communications Manager

Avia Solutions Group

Mob. +370 616 25348

ernesta.raulonyte@aviasg.com

About Avia Solutions Group

For more information check: http://www.fltechnics.com

Press Release Source: http://PressExposure.com/PR/Avia_Solutions_Group.html

Press Release Submitted On: July 29, 2011 at 3:08 am
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