FLS Aerospace Wins Virgin A340 Contract

Virgin Atlantic Airways has just signed a five-year contract with FLS Aerospace for the maintenance of the Virgin Airbus A340 fleet. This new agreement, with a contract value in excess of EUR20 million, covers all base maintenance of the fleet including 'C' checks and major modification programmes.

The work will be performed at FLS Aerospace's Dublin base, whose other Airbus wide-body customers include
Aer Lingus, Airtours, Air France, Premiair and SkyService.

Virgin Atlantic currently operates 10 Airbus A340-300 aircraft and will be the launch customer for the new Airbus A340-600, with deliveries commencing in June this year. Both aircraft sub-models are included in this contract, which does not affect FLS Industries' latest earnings forecast for 2002.

"Having developed much experience on the A330 over the past 8 years, it was always our intention to move into the A340 market. This contract provides that opportunity and is evidence of the confidence, which Virgin Atlantic has in our ability to deliver. This contract is an important part in developing the A330/A340 as a core product for FLS Aerospace and focusing on Virgin Atlantic's needs as a core customer of FLS Aerospace", says Mike Humphreys, acting CEO of FLS Aerospace.

FLS Aerospace has been performing maintenance on the Virgin B747 Classics for many years and also performed a special modification programme on the B747-400 fleet. The A340 contract ensures the continued relationship between the two companies.


FLS Industries A/S
Corporate Public Relation