Speedwing - Press Releases

Press Releases

Jacobs Consultancy UK Ltd acquires Speedwing Consulting

London, 13 May 2002 – Jacobs Consultancy UK Ltd (Jacobs Consultancy), a subsidiary of Jacobs Engineering Group Inc., one of the world's largest professional technical services companies, announced today that it has acquired the assets of Speedwing Consulting, the specialist aviation consulting business unit of the British Airways subsidiary, Speedwing International Limited.

The acquisition by Jacobs Consultancy will enable the Speedwing Consulting team to enhance its operations by extending both the range of its present consulting services, and its client base and take advantage of Jacobs Consultancy's transport consultancy capability. Following a short transition phase the enlarged group will be branded as Jacobs Consultancy.

Speedwing Consulting, established in 1990, provides practical solutions to airlines and airport operators around the world, using senior professionals who have gained their experience in frontline managerial and operational positions in the aviation industry.

"We already provide a range of services to the aviation industry and Speedwing Consulting's capabilities will enhance and broaden that range. I am delighted to have such a well-respected team join us at Jacobs Consultancy. Together we provide the highest level of consulting services to existing and future clients as the first choice in value-added transportation consultancy world-wide," said, Nigel Ash, Managing Director of Jacobs Consultancy's Transport Practice.

Head of Airline Consulting at Speedwing, John Scaife said: “We are delighted that Speedwing Consulting will be joining Jacobs Consultancy UK Ltd., a blue-chip consulting firm which has an outstanding reputation in the transportation sector. We look forward to combining Speedwing’s unrivalled practical aviation experience, with Jacobs’ sophisticated economic and financial capabilities".

Notes to editors

Jacobs Consultancy UK Ltd

Jacobs Consultancy’s Transport Practice assists public and private sector clients, international financial institutions and banks in identifying existing and future transport demand across all transport modes (rail, road, air and sea) and developing solutions to transport problems. Increasingly, this has involved the private sector in developing and funding transport infrastructure. Jacobs Consultancy’s Transport Practice plays a leading role in advising private sector consortia and investment banks on the revenue potential of proposed transport infrastructure and hence its financial viability and fundability. Jacobs Consultancy is the Management Consultancy arm of the Jacobs Engineering Group Inc.

About Speedwing Consulting

Established in 1990, Speedwing Consulting provides services to airlines and airports around the world. Their skills and experience ensure that solutions are not only developed, but also, just as importantly, can be put into practice. The consultants actively encourage the transfer of skills and knowledge to clients’ personnel, empowering them to achieve continuing success. Speedwing consulting will continue to offer a full range of business consulting services. Speedwing’s portfolio of aviation disciplines includes:

corporate strategy & business planning	resource/asset management and utilisation
project planning, management and control	financial management/review
pricing policy & yield management	start-ups
engineering productivity & cost reduction	airport management
customer service improvement	airport privatisation
security and safety/crisis management	airport cargo development
airline privatisation (sell or buy-side)	airport concession planning and property development

Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc. is one of the world’s largest providers of technical professional services. With more than 30,000 people, the company offers full-spectrum support to industrial, commercial, and government clients in diverse markets. Services include scientific and specialty consulting as well as all aspects of design, construction, and operations & maintenance.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management's best judgment as to what may occur in the future. However, Jacobs' actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Forward-Looking Statements" included in Management's Discussion and Analysis filed as part of Exhibit 13 to the Company's 2001 Annual Report on Form 10-K.

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For further information please contact:
Amalia Montague-Peters, Jacobs Consultancy UK Ltd
Tel: 0118-963 5322
Fax: 0118-963 5100

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