Aerospan Wins Flight International Aerospace Industry Award
Corporate strategy endorsement at premier aviation industry awards

PARIS INTERNATIONAL AIR SHOW, Le Bourget - 19 June 2001 - Aerospan.com - the dedicated, industry-owned e-marketplace from SITA - has won the Flight International Aerospace Industry Award for its focus on, and successful implementation of, corporate strategy. The award was presented at a gala dinner in Paris last night.

CEO of Aerospan, Duncan Alexander, said, "It is always great to have work recognised by our industry peers and we are delighted to receive this award for best corporate strategy. This endorses our strategy of addressing the needs of the whole community and taking a leading role in transforming e-business within the air transport industry. Together with our parent SITA we are helping to change the way in which e-business is conducted, reduce costs, and improve productivity."

This is the eighth year that the Flight International Aerospace Industry Awards have been held. The corporate strategy award goes to companies who have used innovation and good business practices, to either change the way that they are doing business, or to introduce new and challenging ways of working. It was presented following the final decision of a panel of judges made up of over 24 leading aerospace experts from around the world. "I saw this very much as SITA looking at how it could further develop its capabilities and a real strategic development on their part, but clearly meeting a need," said one judge.

 
   
For further information (not for publication) contact:
Charles Withrow
Director, Marketing & Business Development
Aerospan
Tel: +1 630-451-0521
Fax: +1 630-595-5290
Email: cwithrow@aerospan.com
  

Karl Moore
SITA
Tel: +44 (0) 20 8757 8024
e-mail: karl.moore@sita.int
 
   

Notes to Editors :

About Aerospan.com
Aerospan.com is the most comprehensive, neutral e-marketplace for the global US$100bn air transport industry. Its technical procurement e-marketplace offers specific industry functionality. Aerospan continues to lead by expanding and extending its portfolio, enabling customers to improve the efficiency and effectiveness of their operations. Aerospan helps improve customers’ profitability by streamlining transactions and operations while reducing inventory levels and costs. With its regional office structure and worldwide client base, Aerospan is positioned to be the industry’s leading global player. Aerospan has developed history, experience, unparalleled neutrality and long-term focus and continues to leverage the global networking and IT solutions capabilities of SITA, majority owner of Aerospan. Visit www.aerospan.com.

This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, depending on a variety of factors, including: implementation of information technology systems, integration of acquisitions, marketplace competition, unidentified Year 2000 problems, economic and aviation/aerospace market stability and Company profitability. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described.