Aer Lingus reports update on maintenance contracts

Aer Lingus Group plc is entering into exclusive final contract negotiations with a number of successful suppliers following the competitive tender for the provision of elements of the Company’s maintenance services.

The competitive tender process was separated into four distinct elements: line activities; base maintenance; components; and wheels and brakes. Each element was tendered separately with the objective to deliver the maximum benefit to Aer Lingus shareholders within specific compliance criteria.

Exclusive contract negotiations are being entered into with the following suppliers:

SR Technics (Ireland) Ltd. (at Dublin, Ireland) for line activities;

Sabena Technics / TAT Group (at Dinard/Bordeaux, France) for base maintenance;

Lufthansa Technik AG (at Hamburg, Germany) and Honeywell International Inc. (at Toulouse, France) for components maintenance; and

Goodrich Corporation (at Hatfield UK) for wheels and brakes maintenance and Honeywell International Inc. for the provision of certain associated materials.

On completion, contracts will be awarded for a 10 year period to 2018. All contracts will include an option for Aer Lingus to renegotiate terms at defined future dates in the event of changes in market pricing for engineering services during the contract period.

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