Released on: August 16, 2008, 4:28 am

Press Release Author: ST Aerospace

Industry: Aerospace

Press Release Summary: FARNBOROUGH, England, 14 July 2008 - GE Aviation (GE) and
Singapore Technologies Aerospace Ltd (ST Aerospace) have signed an agreement for
global cooperation.

Press Release Body: This agreement underlines the commitment from GE and ST
Aerospace to seek opportunities to cooperate and complement each other's core
competencies to offer cost effective and enhanced solutions to customers of GE and
ST Aerospace.

The areas of cooperation broadly include:
(a) ENGINE MAINTENANCE, REPAIR AND OVERHAUL (MRO) and on-wing support - GE will
provide technical assistance and OEM support to ST Aerospace to develop efficient
and cost effective support for GE engines operators.

(b) Engine material services - Expanding on a current GE service offering, CFM
International will provide comprehensive material solutions to support and enhance
ST Aerospace's AIRCRAFT ENGINE MRO operations. CFM International is a 50/50 joint
company between General Electric Company and Snecma (SAFRAN Group).

(c) AIRCRAFT TOTAL SUPPORT SOLUTIONS - both parties will leverage on GE's OEM
technology and ST Aerospace's TOTAL AVIATION SUPPORT network to offer innovative and
integrated solutions beyond engine MRO for global customers.

(d) Engine parts and accessories repairs - GE will facilitate ST Aerospace's parts
repair capabilities development, and work together for synergies within each other's
line replaceable unit (LRU) capabilities. GE and ST Aerospace have also signed a
10-year component repair license agreement covering CFM56-3, CFM56-5B and CFM56-7B
engines. Through these agreements, GE will grant ST Aerospace access to OEM data
and technical information, as well as technical assistance to enhance and qualify
the repair process in ST Aerospace's parts repair development efforts.

"This agreement will enable ST Aerospace to expand its global business and provide
its customers with high quality OEM materials and technology," said Al Tarkenton,
General Manager for Global Material Programs at GE Aviation.

"For GE, this agreement with a highly reputable MRO provider like ST Aerospace will
enhance our service offerings and offer our customers additional AIRCRAFT MRO
options to meet their needs."

"We are pleased to further enhance our relationship with GE across a broad range of
engine businesses to fulfill both our companies' long-term strategic goals," said
Tay Kok Khiang, President of ST Aerospace.

"ST Aerospace believes these agreements with OEMs expand our technical capabilities
and enhance our service offerings to our customers. This latest agreement with GE
reinforces ST Aerospace's commitment in developing solutions based on GE's original
design and parts, which we believe offer the best assurance of quality and value to
our customers."

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GE Aviation, an operating unit of General Electric Company (NYSE: GE), is a
world-leading provider of commercial and military jet engines and components as well
as integrated digital, electric power, and mechanical systems for aircraft. GE
Aviation also has a global service network to support these offerings. Please visit
http://www.ge.com/aviation.

ST Aerospace is the aerospace arm of ST Engineering. Operating a global AIRCRAFT
MRO network with facilities in the Americas, Asia Pacific and Europe, it is the
world\'s largest airframe MRO provider with a global customer base that includes many
of the world\'s leading airlines, airfreight operators and military operators. ST
Aerospace provides a full spectrum of maintenance and engineering services through
its two business segments:
1) Aircraft Maintenance & Modification (AMM)
http://www.staero.aero/www/businesssegment.asp?bussubid=NTAwMDA
2) Component & Engine Total Support (CETS)
http://www.staero.aero/www/businesssegment.asp?bussubid=NTAwMDM

Its services include AIRFRAME, ENGINE AND COMPONENT MAINTENANCE, REPAIR AND
OVERHAUL; engineering design and technical services; and AVIATION MATERIALS and
management services, including TOTAL AVIATION SOLUTION. ST Aerospace has a global
staff strength of more than 7,000 engineers and technical specialists.


Web Site: http://www.staero.aero

Contact Details: Deb Case
1.513.243.0094
Deborah.case@ge.co
Mobile: 1.513.418.1644

Rick Kennedy 1.513.243.3372
rick.kennedy@ge.com
Mobile: 1.513.607.0609

Audrey Tan
Head, Corporate Communications
ST Aerospace
540 Airport Road
Singapore 539938
Tel: (65) 6380 6152
Fax: (65) 6280 8213
Website: http://www.staero.aero
Email: audreytan@stengg.com