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AviaAM Leasing

KlasJet

FL Technics

Boeing B-737

Finance/Leasing

Press Release

Issued by AviaAM Leasing.

July 4, 2017

AviaAM Leasing delivers Boeing 737 business jet to KlasJet

AviaAM Leasing, a Warsaw Stock Exchange listed global aviation holding company, engaged in the business of commercial aircraft acquisition, leasing and sales, has announced the delivery of a Boeing 737 business jet on an operating agreement to European business aviation company KlasJet.

Having acquired the Boeing 737-500 in November 2016, AviaAM Leasing became the third owner of the aircraft, which was initially owned by US carrier Continental Airlines since the new aircraft was produced in 1998. The airline used the Boeing for regional and charter flights in an economy class seat configuration, seating 126 passengers.

Prior to aircraft delivery, the economy class Boeing 737 underwent major modifications to fulfill the needs of large groups of business travelers, as well as professional sports teams. The modification project was executed by global MRO provider FL Technics in five months, involving over 50 aviation engineering, maintenance and design specialists from Lithuania, the United Kingdom and Italy.

“We have been aiming to supplement our diverse fleet with a large business jet suitable for professional sports teams, business travelers and government officials for a while now. Having acquired the Boeing 737 in a condition favorable for such modification, we entrusted FL Technics with the challenging project execution and the end result is more than we could've expected,” comments Tadas Goberis, chairman of the board and CEO of AviaAM Leasing.

“This project was extremely complex due to an extensive number of technical changes the aircraft had to undergo. The modification involved fundamental interior design changes including seat refurbishment, seating configuration changes from 126 economy to 56 business class leather covered seats, and the introduction of new LOPAs. Additionally, the aircraft received a luxurious new livery, while exquisite wooden design elements and brand new carpet covers together with white cold lighting were installed,” shared Romualdas Legetavicius, technical director of AviaAM Leasing.

After the modification, the newly furnished Boeing 737 business jet received EASA supplemental type certification and a full set of aircraft airworthiness documentation from the Lithuanian CAA. The aircraft has already gained interest from sports teams and will be used by Euroleague participant Zalgiris Kaunas. At the beginning of the autumn, the sports team will start flying the leased aircraft to road matches.