Aircelle Will Supply LEAP-X Engine Nacelle for Airbus' A320neo

LE HAVRE, France, February 24, 2011 - Airbus has selected Aircelle (Safran group) to supply the
complete integrated nacelle package for the A320neo Family powered by CFM
International's LEAP-X engines.

For this selection, Aircelle demonstrated its ability to
provide a cost-effective solution, backed bythe company's full industrial
resources and a commitment to meet the development and production timelines.
GE's Middle River Aircraft Systems (MRAS) - its established partner in the
Nexcelle nacelle joint venture, will be participating.

The A320neo is Airbus' new engine option for its best-selling
A320 aircraft Family, offering significant fuel savings.

"This is a major win for Aircelle in the promising and
challenging single-aisle airlines segment," said Aircelle Chairman and CEO
Vincent Mascre. "Aircelle will take full responsibility for the complete
nacelle, including integration on the engine. All of our engineering and
production resources are ready to meet the quality, performance and schedule
requirements of the A320neo, as well as the airlines' demanding customer
support requirements."

The A320neo nacelle will benefit from Aircelle's proven
technology developed for the nacelles used on Airbus' A380. This will be
re-enforced by a comprehensive technology roadmap that includes innovations
in systems, composite materials and acoustic treatment to further enhance
operating efficiency, lower noise levels, reduce weight and improve
maintenance.

These new technologies are being validated through the
company's full-scale demonstrator programs.

Airbus' contract award for the A320neo LEAP-X nacelle, and the
related nacelle/engine integration activity, ensures the continuity for
Aircelle's more than 20 years of thrust reverser production for CFM56 engines
- which are used on the current generation of A320 Family aircraft.
Aircelle's existing CFM56 thrust reverser assembly line was totally
re-engineered three years ago using lean sigma methodology. It has delivered
up to 500 thrust reversers annually since then.

About Aircelle (www.aircelle.com)

Aircelle is one of the leading players in the worldwide
nacelle market for aircraft engines. A subsidiary of the Safran group, it
employs nearly 3,000 people on seven sites in France, the United Kingdom and
Morocco.

Aircelle is the only nacelle manufacturer in the world present
on all the market segments, from regional and business aircraft to the
largest airliners, including the Airbus A380. Aircelle also is developing the
worldwide customer support and service activity for nacelles and their
components.

Media contacts - Aircelle: Frederique Thomas, Aircelle - VP Communications, Tel: +33(0)1-30-07-90-14, Mobile (France): +33(0)6-74-83-67-35, e-mail: frederique.thomas at aircelle.com; Jeffrey Lenorovitz, The InfoWEST Group, Mobile (France): +33(0)6-80-85-86-25, Mobile (U.S.) +1-703-615-3646, e-mail: jleno at infowestgroup.com