Airspan Appoints Declan Byrne as Chief Marketing Officer

BOCA RATON, FL--(Marketwire - March 5, 2008) - Airspan Networks Inc. (NASDAQ: AIRN) President and CEO Eric Stonestrom announced the appointment of Declan Byrne as Chief Marketing Officer, who started with the company on Monday, February 25, 2008. Byrne is a senior executive with significant broadband wireless experience, beginning at AT&T, and several senior sales and business leadership positions at small and mid-cap wireless equipment companies.

"We have further sharpened our focus on our unified marketing and customer communications effort by appointing a Chief Marketing Officer for Airspan. In Declan Byrne, we have an executive with a track record of building businesses and delivering value to customers. Declan knows how to compete and win in a market where fixed and mobile telecom are converging faster than ever before," said Stonestrom. "Declan will enhance our strategic planning processes, and manage our global marketing effort in a more integrated fashion with accelerated go-to-market strategies."

A proven leader with strong credentials in business development, sales and marketing, Byrne has held successively senior executive positions at small and large corporations. After a decade of service as a US Diplomat abroad for the Foreign Service, Byrne joined AT&T in 2000, with global responsibility for developing and managing international and domestic alliances. Byrne spearheaded the spin-off of AT&T Wireless from AT&T in one of the largest IPO's of its time. Following the divestiture of AT&T Wireless' broadband wireless (Angel) division, Byrne led business development and strategic sales at Netro Corporation and, subsequent to Netro's merger with SR Telecom, he led Europe, Middle East and Africa sales. Byrne brings deep sales, business development, channel management and revenue generation capabilities to the seasoned Airspan team.

"Airspan has just executed an important transition year in 2007 from legacy platforms to standardized mobile WiMAX solutions and is addressing the market with best-in-breed WiMAX products delivering superior price-performance and I am jumping in with enormous enthusiasm and energy," said Byrne. "Worldwide, customers of all sizes are faced with the challenges presented by the monumental need for connectivity and applications in the fixed and mobile, 'broadband everywhere' era. They are looking for simple solutions that use cutting-edge innovation to drive business results. Our recent success in alliance with Fujitsu is testament to Airspan's competitive relevance and strong product position. Airspan has the technology, the know-how and the experience needed to win and I can't wait to get started."

Byrne, 41, is a graduate of the University of San Francisco with a Bachelor of Arts degree and will be based in Airspan's Headquarters in Boca Raton, Florida. He speaks five languages.

About Airspan Networks Inc.

Airspan Networks provides wireless voice and broadband data systems and solutions for the fixed and mobile WiMAX and Wi-Fi markets, including Voice over IP (VoIP). Its wireless products serve operators around the world in both licensed and unlicensed frequency bands between 700 MHz and 6 GHz. Airspan has a strong wireless product roadmap that includes WiMAX Forum Certified equipment and products meeting 802.11 a/b/g Wi-Fi standards. Airspan's HiperMAX and MicroMAX base station products support portable and mobile 802.16e-2005 WiMAX alongside fixed and nomadic 802.16-2004 products. Airspan products also include "self install" and professionally installed customer premise equipment. Airspan is on the Board and is a founder member of the WiMAX Forum and a member of the Wi-Fi Alliance. The Company has deployments in more than 100 countries with more than 400 operators, 100 of which use Airspan's WiMAX Forum Certified and non-certified products. Airspan's wireless systems are based on radio technology that delivers excellent area coverage, high security and resistance to fading. These systems can be deployed rapidly and cost effectively, providing an attractive alternative to traditional wired communications networks. Airspan also offers radio planning, network installation, integration, training and support services to facilitate the deployment and operation of its systems. Airspan is an international telecommunications equipment provider headquartered in Boca Raton, Florida. More information on Airspan can be found at http://www.airspan.com.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, including statements regarding our strategy, future operations, financial position, future revenues, projected costs, prospects, plans and objectives of management, may be deemed to be forward-looking statements. The words "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "will," "would" and similar expressions or negative variations thereof are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. Investors and others are therefore cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. The Company is subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2006 and in the Company's 2007 Quarterly Reports on Form 10-Q. You should read those factors as being applicable to all related forward-looking statements wherever they appear in this press release. We do not assume any obligation to update any forward-looking statements.

Contact Information: For Investor Relations and Media Inquiries, contact: David Brant Senior Vice President & Chief Financial Officer Airspan Networks Inc. Tel: +1 561 893-8650 Fax: +1 561 893-8681 email: Charlotte Laurent-Ottomane Investor Relations email: Tel. +561 395 4581