aviationX Names Luiz De Toledo Vice President ofFinance; Rapidly Growing Aviation B2B...

Business Editors

WASHINGTON--(BUSINESS WIRE)--Feb. 1, 2000

aviationX, Inc., set to provide the aviation industry with its first neutral, global business-to-business (B2B) electronic marketplace, has named Luiz Gonzaga de Toledo as vice president of finance.

In this

new position, de Toledo will manage the financial aspects of the company, which include planning, analysis, reporting, accounting and funding efforts. As part of the senior management team, de Toledo also will help develop strategies, tools, policies and procedures that support the implementation of aviationX.com, the company's secure network where buyers and sellers can meet to exchange aviation-related information, goods and services. de Toledo will report directly to Henrik Schroder, chairman and CEO of aviationX.

&uot;We are delighted to have an executive of Luiz's caliber join our team,&uot; said Schroder, chairman and CEO of aviationX. &uot;Luiz's impeccable background in finance, particularly his experience in business development and Internet strategies, will be a key asset as we move closer to achieving our goal of making aviationX.com the industry's premier B2B e-marketplace.&uot;

de Toledo joins aviationX from Fannie Mae, where he most recently served as vice president of credit portfolio strategy, managing the creation and implementation of a new strategic initiative to manage Fannie Mae's $1 trillion dollar credit risk portfolio dynamically.

In a previous role, he served as Fannie Mae's vice president of corporate development, leading new business development, including spearheading Internet strategies, new products, new market segments, and new distribution channels, as well as developing strategic alliances with Internet service providers.

Prior to his work with Fannie Mae, de Toledo held national and international financial management positions with McKinsey &Co., Morgan Stanley &Co. and Positrade Corporation Group Mangels S.A., the Brazilian steel trading firm.

de Toledo holds a Bachelor of Science in economics from New York University and a Master of Business Administration from Stanford.

About aviationX

Founded in 1999, aviationX, Inc. is set to provide the rapidly growing $350 billion commercial aviation industry with its first neutral, global electronic marketplace. With North American offices in Northern Virginia, the privately held Internet company will offer aviation's nearly 25,000 buyers, sellers and intermediaries a simple and easy way to conduct commerce, consume content and build community using aviationX.com, its secure, custom-built and vertically integrated network. For more information, please visit http://www.aviationx.com or call toll-free 877-751-7100.