Goodrich and Air Arabia Sign Nacelle Services Agreement for Support of Airbus A320 Fleet

CHARLOTTE, N.C., Dec. 13, 2010 /PRNewswire/ -- Goodrich Corporation (NYSE: GR) has signed a nacelle services agreement with Air Arabia for support of nacelles and thrust reversers in the airline's fleet of more than 50 Airbus A320 aircraft powered by CFM56-5B engines. The 10-year Prime Solutions® nacelle services agreement will be managed through Goodrich's Dubai campus in Jebel Ali, United Arab Emirates, which will provide local support to the fast-growing low-cost carrier based in Sharjah, UAE.

Bob Gustafson, vice president and general manager of Aftermarket Services at Goodrich's Aerostructures business said, "This agreement is a good example of an airline recognizing the value of securing long-term nacelle services with a locally positioned nacelle maintenance, repair and overhaul facility," he said. "As more airlines recognize the time and cost savings realizable by having repairs performed on large components close to their main operating bases, our Dubai service center will see continued growth in the region."

Prime Solutions is a comprehensive suite of maintenance services and asset/inventory management programs that can be fully customized to meet any airline's needs for nacelle maintenance. Goodrich Aerostructures operates eight service centers worldwide.

Air Arabia (PJSC), listed on the Dubai Financial Market, is the Middle East and North Africa's first and largest low-cost carrier. Air Arabia began operations in October 2003 and operates a fleet of new Airbus A320 aircraft, serving a wide range of destinations across the Middle East, North Africa, Europe, and South and Central Asia. Air Arabia operates from its hubs in Sharjah, UAE; Casablanca, Morocco; and Alexandria, Egypt.

Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to aerospace, defense and homeland security markets. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with significant worldwide manufacturing and service facilities. For more information visit http://www.goodrich.com.

Goodrich Corporation operates through its divisions and as a parent company for its subsidiaries, one or more of which may be referred to as "Goodrich Corporation" in this press release.

SOURCE Goodrich Corporation