News
World’s First 767-300 Boeing Converted Freighter Goes to ANA

June 16, 2008, Singapore – Boeing
[NYSE: BA], Singapore Technologies Aerospace Ltd (ST Aerospace) and ANA
(All Nippon Airways) celebrated the completion and certification of the
first 767-300 Boeing Converted Freighter at a redelivery ceremony held
in Singapore today. Boeing launched the 767-300BCF
passenger-to-freighter conversion program in 2005 with three firm
orders and four options from ANA. Since then, ANA has exercised all the
options and now has ordered seven passenger-to-freighter conversions in
all.

"We are delighted to take delivery of the
first 767-300BCF. It will be a key aircraft in the expansion of our
cargo operation and express delivery services to countries neighbouring
Japan," said Shinsuke Maki, ANA's senior vice president, Engineering
& Maintenance, who was present at the ceremony. "The 767 has long
been the work-horse of the ANA passenger fleet; it is very gratifying
to see an old friend work beyond retirement, and in doing so contribute
to the environment in terms of saving and reusing resources. We thank
Boeing for their design and SASCO for their work in carrying out the
conversion," he added.

"Boeing employees and ST Aerospace worked as true partners to complete
this well-designed and expertly managed conversion," said Lou Mancini,
vice president and general manager for Boeing Commercial Aviation
Services. "We do everything possible to help customers increase the
environmental and operational efficiencies throughout the entire
lifespan of their airplanes."

The ANA jet began its transformation from a passenger airplane to a
freighter on Oct. 18, 2007, when it arrived at ST Aerospace's
subsidiary ST Aviation Services Company (SASCO) in Paya Lebar,
Singapore. Boeing, SASCO and ANA celebrated the completion of the door
cutting ahead of the production schedule on Nov. 18, a significant
process that signifies the readiness of the aircraft for major
modifications, and they completed the conversion work for this
prototype in April on schedule. On April 10, Boeing test pilots flew
the airplane from Singapore to Seattle, followed by two months of
flight testing. The 50-ton-capacity freighter flew nonstop to Seattle,
completing the 14-hour, 51-minute flight at 10:13 a.m. the same day,
but 15 time zones away. Boeing began its ground testing and
certification program immediately thereafter. The prototype passed its
flight tests with outstanding results and was flown back to Singapore
on May 26.

"This first 767-300BCF redelivery is another demonstration of ST
Aerospace's ability to provide on-time, quality and reliable
conversions," said Tay Kok Khiang, president of ST Aerospace. "We are
honored by Boeing's and ANA's trust in us, and are pleased to work with
our long time partners to, once again, deliver a quality product that
meets their expectations. We will continue to leverage our engineering
capabilities to enhance customers' asset reliability and value."

A part of Boeing's international network of modification facilities,
and actively involved in performing passenger-to-freighter (PTF)
conversions for aircraft including the DC-10, MD-10BCF, MD-11BCF, 727
and 757-200 Special Freighter, ST Aerospace, through its subsidiary
SASCO, was appointed to perform the conversions under this 767-300BCF
program. The conversion work involves the removal of passenger
interiors equipment and furnishings, installation of the main deck
surround structure and side cargo door, replacement of the main deck
floor structures, installation of a 9-G rigid cargo barrier and a new
cargo handling system, and a maximum take-off weight upgrade as well as
other systems changes.

This Boeing Converted Freighter meets Boeing's demanding standards for
quality and consistency. BCF airplanes are economical to maintain and
operate. This assures the highest value in the freighter market. With
more than 30 years of successful PTF conversion experience, original
design data and a deep understanding of the production freighters,
Boeing offers something no one else can: conversion by the original
equipment manufacturer.

With up to 54 tonnes of lift, high dispatch reliability, superior
performance, low noise and thrifty fuel consumption, the 767-300 is a
valuable member of any freighter fleet. Passenger-to-freighter
conversion is an excellent strategy for augmenting lift or for
replacing aging DC-8s, A300s, and DC-10s.

Boeing Converted Freighters are one example of Boeing's LIFECYCLE
SOLUTIONS, innovative solutions to improve airplane and airline
operational and environmental efficiencies through the entire life of
the airplane. The Boeing Company is the world's leading aerospace
company, providing products and services to customers in 145 countries.
Boeing Commercial Aviation Services, a unit of Boeing Commercial
Airplanes, provides products, services and integrated solutions to
improve fleet utilization, reduce costs, leverage leading-edge
information and ensure passenger well-being.

ST Aerospace is the aerospace arm of ST Engineering. Operating a global
maintenance repair and overhaul (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: Aircraft Maintenance &
Modification (AMM) and Component & Engine Total Support (CETS). 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 Support. ST
Aerospace has a global-staff strength of more than 7,000 engineers and
technical specialists. For more information please visit
www.staero.aero.

Ranked among the top 10 airlines in the world carrying 50 million
passengers every year to 50 destinations in Japan and 27 cities
throughout Asia, Europe and the United States, ANA is recognized for
outstanding passenger service both on the ground and in the air. In the
greatest Japanese tradition of mixing hospitality with high technology,
personalised à la carte service complements state-of-the-art
entertainment systems and the latest in cabin design. ANA has been in
the airline business for over 50 years, and combined with ANA Group
companies its activities extend across a host of complete travel and
aviation-related services. It is the launch customer of the Boeing 787
Dreamliner and Mitsubishi MRJ, which will complement its present fleet
of over 210 aircraft, including 120 wide-bodies. As a member of Star
Alliance, the world's foremost airline alliance, ANA passengers enjoy
access to a network of 965 airport destinations in 162 countries, and
reciprocal benefits such as mileage accrual and redemption, and lounge
access.