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PRESS RELEASE

June 03, 2014: The German ULD company Jettainer and Jet Airways, India's premier international airline, have signed a five-year contract for the outsourcing of ULD cargo services. Jettainer, the world's leading ULD service provider, helps the second largest Indian airline with efficient cargo and baggage container solutions for their long-haul flights.

"The co-operation with Jet Airways is a great opportunity for both sides and a gateway to Asia for Jettainer. We are delighted and proud to have won Jet Airways, one of India's leading airlines, as our customer. We are certain that other airlines will monitor the success of this project closely," said Jettainer's Managing Director Casten Hernig. It is the first co-operation of Jettainer with an Asian airline. After a roll-in phase, which started on February 2nd, all operations are running smoothly and efficiently with Jettainer operators assisting the airline in their day-to-day operations.

The outsourcing arrangement includes the handling of 1279 ULDs, many of which – 590 to be exact, are light weight containers of the AKE LW design. ULDs provided and managed by Jettainer will fly on Jet Airways routes between New Delhi, Mumbai, Brussels, London, Paris, Newark (USA), Toronto and Hong Kong as well as any new widebody flights Jet Airways launches. "As part of Jet Airways' continuous attempts to innovate, reduce cost and enhance efficiency, we are excited about this outsourcing arrangement. Jettainer's expertise and professionalism will facilitate Jet Airways' widebody operations," said Gaurang Shetty, Senior Vice President Commercial, Jet Airways.

The airline operates Airbus A330-300 and Boeing 777-300 ER widebody jetliners on these services. With a mobile track and trace application, Jettainer offers highly precise controlling tools to the client. The airline is replacing a fair share of its old lower deck cargo containers as part of the deal. Due to the light weight of Jettainer's assets both the carrier and environment will benefit from lower fuel consumption.

Jettainer GmbH is a 100 percent subsidiary of Lufthansa Cargo AG. Jettainer currently takes care of a fleet of more than 70,000 ULDs for 14 airlines. Jettainer now operates at more than 400 airports around the world. The company has its headquarters at Raunheim near Frankfurt Airport, but also has offices at its customers' international hubs in Abu Dhabi, Dusseldorf, Philadelphia, Rome, Vienna und Zurich. Jettainer covers the complete value-added chain in ULD management – ranging from purchasing ULDs to management and repair work and even making available customised IT solutions and funding concepts. Jettainer has been able to round off its service package with JettLease, a leasing product to cover ULD emergencies, since the autumn of 2011.