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ILFC Selects MAS as Baseline Airbus Single-Aisle Supplier

November 26, 2001

International Lease Finance Corporation (ILFC) has selected Matsushita Avionics Systems Corporation (MAS) as their baseline Airbus Single Aisle A318/A319/A320/A321 Aircraft InFlight Entertainment (IFE) Supplier, and as an option on their Boeing 737NG Aircraft. MAS’ new eFX System is included as part of this program. ILFC has the largest number of new aircraft on order from Airbus and Boeing.

About Panasonic Avionics Corporation: Panasonic Avionics Corporation Panasonic Avionics Corporation is the world's leading supplier of in-flight entertainment and communication systems. Headquartered in Bothell, Washington, Panasonic Avionics Corporation employs approximately 2500 employees based in over 70 locations worldwide.

Panasonic Avionics Corporation is a subsidiary of Panasonic North America (PNA). Based in Secaucus, NJ, PNA is the principal North American subsidiary of Matsushita Electric Industrial Co., Ltd. (NYSE: MC) and the hub of Panasonic`s US marketing, sales and service operations.

Additional information on Panasonic Avionics Corporation is available at www.panasonic.aero

Additional information on Matsushita Electric and Panasonic is available at www.panasonic.com.

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Contact:
Panasonic Avionics Corporation David Bruner, Corporate Communications
Telephone: (425) 415-9052 FAX: (425) 485-6175
E-mail: david.bruner@panasonic.aero