Press release

Waviatech to re-brand as AerData (UK) Ltd

Amsterdam, The Netherlands;  1 March 2011

AerData, the Amsterdam/Netherlands-based provider of software and back office services for aircraft asset managers announced today that Waviatech, in which it acquired a majority stake in August 2010, will now be known as AerData (UK) Ltd. Waviatech, based in the United Kingdom is the developer and supplier of the STREAM Digital Aircraft Records software and dedicated Records Scanning Services.

Commenting on the agreement, Paul van Tol, Managing Director of AerData said: “AerData is the name under which our innovative software and services for the aviation industry will be marketed. Following on from last year’s acquisition of Waviatech, we are now in the process of integrating the product and services suites. STREAM and the Records Scanning Services are key to this strategy. Hence, we took the decision to re-brand our UK-based operation as AerData also.

Paul van Tol continues: “AerData will continue to serve its clients from both locations, Amsterdam and Gatwick, with the board comprised of management from both offices”

Karl Scanlon, Director Products and Services also commented: “Myself and the team in Gatwick have been working closely with our colleagues in Amsterdam since last August and this announcement reinforces the overall strategy which is to provide our customers with an integrated solution of outstanding tools for their needs.”

About AerData

AerData provides lease management software, engine fleet planning software, records scanning software and backoffice services for aircraft and engine asset managers, operators and lessors. Customers that use AerData have proven to have stronger financial control of leased aircraft assets, reduce exposure by better insight in maintenance cash flows and contract return conditions and they can reduce costs by outsourcing. The AerData software supports the full asset and lease life cycle and is internet based.

For more information

Jacque Williams
Boeing Communications
Office: +1 303-328-4761
Mobile: +1 303-269-1854