08/10/98
AirLiance Materials Names Jeff Green CFO

Chicago, IL (August 10, 1998) - Jeff Green has been named Chief Financial Officer for AirLiance Materials, the recently announced joint venture of United Airlines, Air Canada and Lufthansa Technik, formed to buy and sell aircraft materials in the secondary spare parts market.

In his new position, Green will answer to David J. Sisson, President and CEO, and will be responsible for all aspects of the venture's financial operations. The new company is expected to start operations in the second half of 1998.

Before coming to AirLiance Materials, Green was Manager-Marketing and Planning Asset Management for United Airlines. He has also been Manager-Business Development for United Airlines Services, and has served in other positions since he joined the airline in 1988.

Green has also held positions with Union Bank of Switzerland and Harris Trust and Savings Bank. He has an MBA in Corporate and International Finance from the University of Chicago, and a BS degree in Finance from the University of Illinois.

AirLiance Materials is chartered to buy and sell materials for its partners and customer airlines, building upon the well established quality systems and the extensive combined inventories of the partners. The company intends to take aim at reducing the costs and complexity of obtaining highest quality parts by providing a single, comprehensive source for a wide range of parts for engines and airframes. By establishing an efficient vehicle for the reallocation of inventory between airlines, the company plans to lower maintenance costs in the industry, making quality pre-owned materials an even more cost-effective alternative to buying new spares from the manufacturers.

United Airlines, Air Canada, and Lufthansa German Airlines combined operate more than 1,000 aircraft and generate 17% of the world's available seat miles. For more information, or to arrange an interview, contact Michael King, King Group Public Relations, telephone: 805-462-3000, fax: 805-462-3002, email: mking@kinggroup.com.

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