Press Release

October 24, 2017

Georgian Airways now supported by Spairliners Integrated Component Care by an all-embracing contract for two Embraer E190

Hamburg, October 24, 2017 – Georgian Airways, the Tbilisi based airline, and Spairliners, a market leader in Aircraft Component Care based in Hamburg, Germany, have signed a multi- year contract for all-embracing component maintenance services of two Embraer E190 aircraft. The contract comprises pool access and component repair services for Georgian Airways.

Spairliners supports Georgian Airways with spare parts from its large-scaled component pool in Munich and Paris. Hereby, smooth flight operations will be ensured in an efficient and timely manner. The agreed component repair services are carried out by Spairliners’ parent companies Lufthansa Technik AG and Air France Industries KLM Engineering & Maintenance. Both companies are market leaders in the MRO industry and have extensive in-house capabilities and repair shops all over the world.

By this contract, Spairliners builds on a long and successful business relationship existing between Lufthansa Technik and Georgian Airways since many years. “We are thankful for Georgian Airways' confidence in us and we look forward to working closely with them. With our technical know-how and our competitive cost structures, we want to make a significant contribution to the success of Georgian Airways in the Eastern European aviation market", Sven-Uve Hueschler, CEO at Spairliners, says.

This is the second customer Spairliners gained in Eastern Europe since beginning of 2017. In March, Ukraine International Airlines signed a long-term Repair, Lease and Exchange Agreement with Spairliners for its 5 E190 aircraft.

About Georgian Airways Georgian Airways is the National Flag Carrier of Georgia since more than 20 years. The Tbilisi based airline connects the capital city with European and Asian centres. Privately owned, the company operates scheduled flights from Tbilisi to destinations like Vienna, Amsterdam, Batumi, Moscow, St. Petersburg, London, Prague, Kiev, Yerevan and Tel Aviv. The formerly named airline "Airzena" was founded in September 1993. Initially the airline operated charter flights to the United Arab Emirates, Italy, China, Egypt, India, Syria, and regular flights to Austria. In August 2014, Georgian Airways was launched to replace the name of Airzena.

About Spairliners Spairliners GmbH is an equally split, joint venture, between Air France Industries KLM Engineering & Maintenance and Lufthansa Technik and located with its headquarters in Hamburg, Germany. The company offers component services for the Airbus A380 and the Embraer E-Jet Family, comprising of the E170/175 and E190/195 series. Its multiple services are provided from a single source and combined with engineering expertise. This include component access, home base stock lease, stand-alone repair, and assets optimization as well as tooling. As a market leader in Integrated Component Care, Spairliners is a trusted and proven supplier to world-renowned airlines, such as Qantas, Malaysia Airlines, KLM Cityhopper, HOP! and Lufthansa CityLine. The company is headquartered in Hamburg, Germany and operates logistic hubs in Paris, Frankfurt, Singapore and Munich, as well as a Sales office in Miami, USA.

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