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Boeing Acquiring AerData to Expand Airplane Maintenance and Leasing Records Management Capabilities

Companies mentioned in this article: Boeing

SEATTLE, May 27, 2014 /PRNewswire/ -- Boeing (NYSE: BA) today announced that it is acquiring AerData Group B.V., which provides integrated software solutions for lease management, engine fleet planning and records management. Based in the Netherlands, AerData also provides technical services for aircraft and engine operators, lessors, and maintenance, repair and overhaul companies.

"AerData's tools make it easier for airlines and leasing companies to manage complex maintenance records," said Stan Deal, senior vice president of Commercial Aviation Services, Boeing Commercial Airplanes. "Increasing the efficiency of records management helps streamline the process of placing airplanes and other valuable assets with operators during leasing transactions.

"This is another step we're taking to help our customers be more efficient and gain a competitive edge in the market," Deal added.

AerData has approximately 120 employees located in the Netherlands, United Kingdom and Ireland. Managing directors Mark Nieuwendijk and Paul van Tol will continue to lead the business.

"We are very pleased that Boeing recognizes our hard-won success, and values our products and our talented people," said Nieuwendijk.

"By joining the Boeing family, AerData will have access to a broader global support network to help expand and support our customer base worldwide," Van Tol added. "We truly look forward to joining the Boeing Digital Aviation team and working with our Boeing colleagues to deliver greater value for our customers and the aviation industry."

AerData's products will become part of the integrated suite of aviation services marketed as the Boeing Edge. These include parts, training, engineering, maintenance and software solutions that increase the efficiency and profitability of airlines and leasing companies.

Terms of the transaction are not being disclosed.

Forward-Looking Information Is Subject to Risk and Uncertainty

    Certain statements in this
     release may be "forward-
     looking" within the meaning
     of the Private Securities
     Litigation Reform Act of
     1995, including statements
     regarding future business
     prospects and benefits and
     synergies of the
     transaction, as well as any
     other statement that does
     not directly relate to any
     historical or current fact.
     Forward-looking statements
     are based on current
     assumptions about future
     events that may not prove
     to be accurate. These
     statements are not
     guarantees and are subject
     to risks, uncertainties and
     changes in circumstances
     that are difficult to
     predict. Many factors could
     cause actual results to
     differ materially from
     these forward-looking
     statements. As a result,
     these statements speak only
     as of the date they are
     made and we undertake no
     obligation to update or
     revise any forward-looking
     statement, except as
     required by law. Specific
     factors that could cause
     actual results to differ
     materially from these
     forward-looking statements
     include the effect of
     global economic conditions,
     our ability to successfully
     integrate AerData's
     business and realize
     anticipated synergies, and
     other important factors
     disclosed previously and
     from time to time in our
     filings with the Securities
     and Exchange Commission.
    ----------------------------

Contact:
Mona Rice
Digital Aviation Communications
+1 206-245-6776
mona.s.rice@boeing.com

SOURCE Boeing