Press Release

Issued by Satys .

February 3, 2016

Greenline Interiors and Finaero have signed a memorandum of understanding (MOU) setting the terms and understanding between the two companies to develop an activity of refurbishment, design, engineering and manufacturing of aircraft cabin interiors in Middle East. Finaero Group, through its painting division, STTS, announced at the Dubai Airshow that it is investing in a 34 million USD project that will accommodate a wide body painting bay at the new DWC Al Maktoum International Airport, Dubai South. The new painting bays will enter into operation in late 2018. Within the scope of STTS’ project both partners have also decided to develop the site further in order to accommodate a state-of-the-art aircraft interior activity. The partners, Finaero (through AIP, its aircraft interior division) and Greenline Interiors (through its aviation interior division), both benefiting from renowned expertise in airline, corporate and VIP cabin refurbishment, are the perfect match for this facility to be a success. Aircraft Interior Products (AIP), is a French specialist of aircraft cabin interiors for commercial and vip aircraft. With its team of engineers and craftsmen AIP delivered a wide range of cabin interiors, from Dassault Business Jets to Boeing 777 cabin interiors. AIP is specialized in the engineering and manufacturing of complete work packages such as washrooms, bedrooms, galleys, including production of honeycomb panels, integration of systems (mechanical, electrical, water/air), VIP vanish (wood veneering, upholstery etc.). In 2016, AIP is also adding new engineering capabilities thanks to a Design Office Approval (DOA). Greenline Interiors provides turnkey solutions for interior outfitting of luxury palaces, super yachts, high-end residences and commercial spaces, as well as five-to-seven star hotels in worldwide. Headquartered at Jebel Ali, Dubai (UAE), Greenline Interiors benefits from more than 35 years of experience of skilled engineers and craftsmen able to design and manufacture in-house any kind of vip interiors. Christophe Cador, president of Finaero said, “Our group’s vision is to offer customers proximity and quality. With Greenline Interiors we are confident our customers will benefit from the creativity, service and quality the Middle Eastern region requires”, Samir Badro, chairman and ceo of Greenline Interiors said, “We are thrilled to enter into this new adventure that will further diversify the services already offered by Greenline. We believe that the partnership with Finaero will allow strategic synergies to cater all the high demanding requirements of our clientele”.