Fields Aircraft Spares and Flightways Manufacturing Inc. to Participate in Asian Aerospace '98
SIMI VALLEY, Calif.--(BUSINESS WIRE)--Feb. 26, 1998--Fields Aircraft Spares Inc. (Nasdaq:FASI - news) and Flightways Manufacturing Inc., a division of Fields Aircraft, Thursday announced that they will be among 800 top aerospace companies from 30 countries worldwide to participate in the Asian Aerospace '98 at the Changi Exhibition Centre, Singapore, Feb. 24 to March 1.
The purpose of the exhibition is to bring together influential aerospace decision-makers and provide visitors and exhibitors with the best forum for business in one of the most dynamic aerospace regions in the world today.
Alan Fields, president of Fields Aircraft, stated: ''Asian Aerospace '98 is one of the most important international aerospace shows in the world. We see this event as a way to introduce the joint capabilities of Fields Aircraft Spares and Flightways Manufacturing to Asian carriers, as well as to solicit representation in the Asia-Pacific region.''
He went on to add, ''Worldwide, the aerospace industry continues strong, and although Asia has suffered recent economic problems, the long-term outlook for Fields in the Asian marketplace could potentially be very promising.
''In fact, the Asia-Pacific region has emerged as the biggest buyer and user of aircraft and aerospace components, with a total of 3,400 aircraft expected to be acquired by Asian carriers by the year 2014. This argues well for Fields attending the exhibit.''
Fields Aircraft Spares Inc., through its wholly owned subsidiaries Fields Aircraft Spares Incorporated and Fields Aero Management Inc., is a manufacturer and a leading distributor of aircraft cabin interior replacement products, and is a broker for a wide variety of factory new parts applicable to various commercial aircraft models and manufacturers.
Additional information about Fields, including access to copies of its periodic filings with the Securities and Exchange Commission, is available on the company's Web site at fieldsair.com.
Founded in 1991, Flightways Manufacturing, a wholly owned subsidiary of Fields Aircraft Spares, manufactures high-quality plastic replacement components for commercial aircraft seats and interiors, including foodtrays, latches, shrouds, panels, armcaps, bumper strips, escutcheons and components for lavatories, galleys, cockpits, windows and overhead units.
Also, through its repair station (FAA Repair Station #UFWR486L), Flightways overhauls and repairs seats, seating components, carts and modules.
Statements in this news release that relate to future plans, financial results or projections, events or performance, including statements with respect to future business potential are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to differ materially. Actual results may differ from such forward-looking statements as a result of a number of factors, including but not limited to competitive factors and pricing pressures, ability to obtain necessary capital or financing, the price and availability of aircraft parts and other materials, successful execution of the company's expansion plans, failure to maintain existing customer or vendor relationships, shifts in market demand, general economic conditions and other risks and uncertainties discussed in periodic reports filed by the company with the Securities and Exchange Commission and which the company urges investors to consider. Copies of filed reports may be requested from the company or obtained from the company's Web site.
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Contact:
Fields Aircraft Spares Inc., Simi Valley
Alan Fields, 805/583-0080
or
Coffin Communications Group, Sherman Oaks, Calif.
Michael S. Manahan, 818/789-0100 |
