Jazeera Airways Expands CFM56-5B-powered A320 Fleet with $80 million Engine Order

Le Bourget Air Show, France –- June 20, 2011 –- Jazeera Airways has placed an order for CFM56-5B engines to power four brand new Airbus A320 aircraft scheduled to be delivered to the airline between 2012 and 2014. The engine order is valued at $80 million U.S. at list price.

Jazeera Airways, which began operations in October 2005, was the first carrier in the Middle East to operate this state-of-the-art engine. Today, Jazeera Airways is an award-winning airline based in Kuwait and serves the Middle East region with a fleet of 15 aircraft, including the four future deliveries. The new aircraft will be used as part of the company's fleet modernization program.

"We have had great success with the CFM56-5B engines and formed an outstanding working relationship with CFM," said Marwan Boodai, Chairman of Jazeera Airways Group. "The performance and reliability advantages that the engine provides have helped us establish and maintain our high efficiency and reliability reputation."

All of Jazeera Airways' new engines will be the CFM56-5B Performance Improvement Package (PIP) configuration. The -5B PIP completed extensive ground testing and more than 26 hours of flight testing on the A320. The engine, which will become the new production standard, is on schedule for certification and entry into service by the end of 2011.

The improvements, which provide a 0.5% improvement in fuel burn, include hardware changes to the core, including new high-pressure turbine blade, as well as manufacturing changes the fan and compressor blades and vanes to improve performance retention. The engine will maintain the same noise signature as the current production engine. These engines also meet current International Civil Aviation Organisation (ICAO) Committee of Aviation Environmental Protection standards (CAEP /6) requirements.

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CFM56-5B engines are a product of CFM International, a 50/50 joint company between Snecma (Safran group) and GE. CFM, the world's leading supplier of commercial aircraft engines, has delivered more than 22,200 engines to date. The CFM56-5B engine powers every model of the Airbus A320 family and has been chosen to power nearly 60 percent of all A320 aircraft in service or on order.

About Jazeera Airways
Established in 2005, Jazeera Airways Group is a Kuwait Stock Exchange-listed company with over 12,000 shareholders. The company has 11 fully-owned Airbus A320s in operation, distributed between its airline business, Jazeera Airways (6 aircraft), and its fully-owned leasing business, Sahaab Aircraft Leasing (5 aircraft). Sahaab has assets placed with Virgin America, Sri Lanka Airlines, and Jazeera Airways.

CFM:
Jamie Jewell
513.552.2790
jamie.jewell@ge.com
Mobile: 513.885.2282

Rick Kennedy
513.243.3372
rick.l.kennedy@ge.com
Mobile: 513.607.0609

Antoinette Menard
33.1.69.87.09.28
antoinette.menard@snecma.fr
Mobile : 33.6.74.78.10.65
www.cfm56.com

Jazeera Airways:
Fawaz Al Sirri
Mobile: 965.9718.7345
fawaz@bensirri.com