January 30, 2003
MICHAEL MARINO TOP PICK FOR CEO AVIATION PARTNERS BOEING JOINT VENTURE

Joe Clark, Chairman and CEO of Aviation Partners, Inc. announced today, the appointment of Michael Marino as the CEO of Aviation Partners Boeing (a joint venture between Aviation Partners, Inc. and the Boeing Company).

“We searched the entire aviation community to find the right person to lead APB into the future,” says Joe Clark. Today we’re on the threshold of a number of exciting programs to Performance Enhance a wide range of Boeing aircraft models using Blended Winglet Technology. With his extensive engineering and management experience in the aerospace industry, Marino is the perfect choice to lead Aviation Partners Boeing. I look forward to working closely with Mike on our future programs.”

Marino was formerly Vice President of Technical Services and Modifications for Boeing Commercial Aviation Services. Other senior Boeing management positions held by Marino include Manufacturing Leader for Commercial Aviation Services, and Director of Operations for the Boeing Long Beach, CA division where he had overall manufacturing responsibility for MD-80, MD-90, MD-11 and 717 production airplanes.

Marino made a name for himself at Douglas Aircraft and as a result was recently inducted into Wayne State University’s College of Engineering Hall of Fame for Revolutionizing Large Aircraft Assembly Techniques at Douglas Aircraft Company in Long Beach, CA. Marino led his team at Douglas to develop the skills necessary to modify the way large airplanes are built which resulted in significant productivity improvements and cost savings.

To date, Aviation Partners Boeing has equipped over 200 Next Generation Boeing 737-700s / 800s and BBJ’s with Blended Winglets. In Q1 2003, Blended Winglets will be certified on the Classic Series 737-300 followed shortly thereafter by the 737-400. Blended Winglet development programs are also underway for the Boeing 747, other Boeing models, and a finalized configuration for the Boeing 767 is expected Q3 of 2003. There are more than 11,000 Boeing airplanes alone that can be fitted with Blended Winglets.

Blended Winglet technology, pioneered by Aviation Partners, Inc. ten years ago for the Gulfstream II business jet, dramatically reduces aircraft drag and improves both fuel economy and performance. In Next Generation 737-700 / 800 and BBJ applications, operators have reported truly dramatic results; 4 to 5% reductions in fuel burn, a reduced noise footprint and reduced engine emissions. The environmentally friendly benefits of Blended Winglets have captured the attention of Boeing operators and regulators worldwide.

Aviation Partners Boeing looks forward to improving the productivity of the entire airline industry over the next 15 years with its revolutionary Advanced Blended Winglet Technology.