Associated Air Center Signs Contract for Airbus Corporate Jet

Geneva, Switzerland – May 11, 2009 – Associated Air Center (AAC) today announced that it has signed a new contract for the completion of a green Airbus Corporate Jet (ACJ). The contract, signed back on March 6, represents AAC’s 16th ACJ completion since becoming an Airbus Authorized Completion and Service Center in 2003. The aircraft represents the second ACJ completion for the same Head-of-State client.

“This repeat business opportunity comes to us as a result of our ability to effectively fulfill the customer’s expectations upon completing their first ACJ aircraft in 2003 and the excellent support that AAC has continued to provide since then,” said Jack Lawless, President, Associated Air Center and Chief Operating Officer, StandardAero.

The green aircraft will be arriving in Dallas on or about July 16, 2009 and it is scheduled to be delivered back to the client on or about May 15, 2010.

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), AMLAK Finance