Associated Air Center Meets FAA SFAR-88 Compliance on Boeing Business Jet Completion

Geneva, Switzerland – May 12, 2009 – Associated Air Center (AAC) today announced that it has completed the necessary modifications required for compliance to the Federal Aviation Administration’s SFAR-88 Mandatory Airworthiness Requirements Directive (AD), on its ninth Boeing Business Jet (BBJ) aircraft equipped with DeCrane-PATS auxiliary-fuel-tank systems.

“Associated Air Center’s MRO backlog capacity is already committed to complete these mandatory modifications on seven additional BBJ aircraft scheduled for these modifications before the AD deadline of December 2009,” said Jack Lawless, President, Associated Air Center and Chief Operating Officer, StandardAero.

The FAA has approved the incorporation of these DeCrane-PATS Service Bulletins as an Alternate Means of Compliance (AMOC) for AD-2008-22-01.

AAC is one of only three approved service centers to perform these modifications.

StandardAero, a Dubai Aerospace Enterprise (DAE) company with $1.4 billion in annual revenue, specializes in engine maintenance, repair and overhaul, and nose-to-tail services that include airframe, interior refurbishments and paint for business and general aviation, air transport, and military aircraft. The company, part of the DAE Engineering division, forms a global services network of 12 primary facilities in the U.S., Canada, Europe, Singapore and Australia, with an additional 14 regionally located service and support locations.

About DAE:

DAE is a fast developing global aerospace, manufacturing and services corporation made up of six divisions – DAE Capital, DAE Engineering, DAE Services, DAE Manufacturing, DAE Airports, and DAE Flight Academy.

Headquartered in Dubai, the group is growing through a series of phased developments and acquisitions to become a global player and to produce an integrated aerospace cluster, based at Dubai World Central – the new 140 square kilometre airport and logistics city being constructed in Jebel Ali, Dubai. It is forming international partnerships at the highest level of industry with the aim of establishing one of the most innovative and successful businesses in the global aerospace industry within the next decade.

DAE’s shareholders include the Investment Corporation of Dubai, Dubai International Capital, DIFC Investments LLC, EMAAR, ISTITHMAR World, Dubai Silicon Oasis (DSO).