SOURCE: Panasonic Avionics Corporation

Panasonic Avionics Corporation

September 08, 2009 06:05 ET

Panasonic Avionics Chooses SIA Engineering Company for IFEC Maintenance

Panasonic Signs Agreement With Leading Aircraft Maintenance Provider, SIAEC, Ensuring Optimal In-Flight Experience for Passenger

SINGAPORE--(Marketwire - September 8, 2009) - Panasonic Avionics Corporation (Panasonic), the world leader in state-of-the-art in-flight entertainment and communication (IFEC) systems, today announced at a signing ceremony that Panasonic has chosen to sign an agreement with the SIA Engineering Company (SIAEC) for Maintenance Services (MS). Panasonic is providing IFEC maintenance services for the entire Singapore Airlines fleet over 10 years.

Panasonic currently provides IFEC systems to Singapore Airlines' entire fleet. With this agreement, Panasonic's dedicated Maintenance Services (MS) team serves as a central point of communication for daily IFEC maintenance, providing real-time updates on aircraft tail performance, scheduling preventive maintenance actions and detecting any recurring issues.

"After thorough exploration of SIAEC's maintenance offering, we found them to have one of the industry's best service organizations and a thorough knowledge of the IFE business," said Paul Margis, Chief Executive Officer of Panasonic Avionics Corporation. "To ensure the best possible passenger experience for our customers, we know we can count on SIAEC to help us maintain our IFE systems and meet our continued growth requirements."

"We are delighted to continue our relationship with Panasonic to help customers maintain a premium passenger experience," said Mr. William Tan, Chief Executive Officer of SIA Engineering Company. "We are proud Panasonic has chosen SIAEC to provide the best possible care to maintain the high reliability of SIA's cabin system."

Under the agreement, Panasonic will work in conjunction with SIAEC to provide a "one-stop-shop" solution covering all on-aircraft labor, logistics, spares, repairs, and media loading. Panasonic's Total Care Packages provide total support for the IFE systems, ensuring the highest performance and best experience for passengers and crews.

About Panasonic Avionics Corporation

Panasonic Avionics Corporation is the world's leading supplier of in-flight entertainment and communication systems. The company's best-in-class solutions, supported by professional maintenance services, fully integrate with the cabin enabling airlines to deliver the ultimate travel experiences with a rich variety of entertainment choices, resulting in improved quality communication systems and solutions, reduced time-to-market and lower overall costs.

Established in 1979, Panasonic Avionics Corporation, a U.S. corporation, is a subsidiary of Panasonic Corporation of North America, the principal North American subsidiary of Panasonic Corporation (NYSE: PC). Headquartered in Lake Forest, California with over 3,100 employees and operations in 80 locations worldwide, it serves over 200 customers worldwide and provides IFEC systems on over 3,700 aircraft. For additional information, please visit www.panasonic.aero.

About SIA Engineering Company

(Company Registration No. 198201025C)

www.siaec.com.sg

SIA Engineering Company (SIAEC) is a major provider of aircraft maintenance, repair, and overhaul services in Asia Pacific. The Company has a client base of more than 80 international carriers and aerospace equipment manufacturers. It provides line maintenance services at Singapore Changi Airport for more than 60 international carriers, as well as airframe and component overhaul on some of the most advanced and widely used commercial aircraft in the world. The Company achieved a revenue of S$1,045 million in FY2008/09.

24 ventures with original equipment manufacturers and strategic partners in Singapore, Vietnam, the Philippines, Australia, Ireland, United States, Hong Kong, Taiwan and Indonesia increase the depth and breadth of the Company's comprehensive service offerings. The revenue of SIAEC's ventures is approximately S$2.9 billion in FY2008/2009, with 71 percent derived from airlines outside the Singapore Airlines Group.

SIAEC has approvals from 25 national aviation regulatory authorities to provide MRO services for aircraft registered in the U.S., Europe and Japan, among others.

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