VEM Delivers Third Converted B767 to ABX Air

RIO DE JANEIRO, Dec. 28, 2007 - The third of three ABX Air (NASDAQ:ABXA) B767-200 airplanes converted at VEM Maintenance and Engineering's Conversion Center in Porto Alegre, registration number N741AX, was delivered on December 14 after a successful test flight. Like the first two aircraft, N746AX and N747AX, the third went through a C Check simultaneous to the conversion process, taking advantage of the aircraft's down time. All three converted B767-200s were subcontracted to VEM by Israel Aerospace Industries (IAI), the owner of the supplemental type certificate (STC) for conversion to 767-200 BDSF configuration.

The ABX team, which closely accompanied the entire process, expressed its satisfaction with the technical quality and commitment of VEM's engineers who worked on this project, and the other two aircraft. Upon receiving the aircraft, Maintenance Planning Manager Terry L. Zoerb commented, "This was very challenging at certain points, but I doubt that anyone could find a better team with whom to work. It was a pleasure, and please communicate my thanks to the rest of VEM's team".

VEM was the first company contracted by IAI to perform passenger-to-cargo conversions on the B767-200 outside of Israel under the IAI STC. VEM is well known for its 80 years of experience in the maintenance of widebody and narrowbody aircraft, as well as the repair and overhaul of components. "VEM was carefully selected by IAI/Bedek Aviation Group for this project, in consideration of its excellence and its 80-year tradition of heavy maintenance," commented Danny Kleiman, IAI Corp. VP & GM, Bedek Aviation Group, during the delivery ceremony of the first ABX Air aircraft in February of this year.

VEM closes out the year with a total of eight aircraft conversions completed since the beginning of the project in 2004, three of which took place in 2007. The first aircraft was delivered in March 2005 and went through a D Check at the same time as the conversion. Of this total, three airplanes went through a D Check and five through C Check.

With its focus on customer satisfaction, VEM continues to improve its internal processes and to deliver quality and excellence to its customers. VEM is positioned among the 10 largest MRO companies in the world and is a leader of its segment in Latin America and the Southern Hemisphere. The company is constantly updating itself to meet the demands of the market, including the conversion segment.

ABX Air (www.abxair.com) is an air cargo services provider operating out of Wilmington, Ohio, and 14 hubs throughout the United States. In addition to providing airlift capacity and sort facility staffing to DHL, ABX Air is a Part 121 operator and holds a Part 145 FAA Repair certificate. It provides charter, maintenance and package handling services to a diverse group of customers. ABX Air is the largest employer in a several-county area in southwestern Ohio.

For more information, contact:
Denize Moraes
Marketing & Communications Manager
(55-21) 3383-2708 / 8272-0481
denize.moraes@vem.aero
www.vem.aero