Cessna, StandardAero Sign Citation Service Center Agreement

Geneva, Switzerland – May 12, 2009 – StandardAero today announced that it has entered into an agreement with Cessna to support the global Citation Service Center network. The agreement involves support of the Pratt and Whitney Canada, PW615F for the Cessna Mustang and the Rolls-Royce AE3007C/C1 on the Citation X.

“Today’s agreement gives Cessna Mustang and Citation X customers seamless access to the comprehensive service value of StandardAero’s engine services coupled with Cessna’s extensive service capabilities,” said StandardAero President & CEO, Rob Mionis.

StandardAero has received EASA and FAA approval on PW615F engine for full hot section repair at their European-based facility in Tilburg, The Netherlands. In addition to its European PW600 support, StandardAero also provides full overhaul and repair for the PW615F engine at their facility in Maryville, Tenn. in the U.S. Recently StandardAero completed construction and equipping of ten thousand square feet (930 square meters) dedicated to the PW600 including construction of a new state-of-the-art test cell.

StandardAero is the world’s largest and most experienced independent maintenance, repair and overhaul (MRO) of the Rolls-Royce AE3007 and has been providing service for the engine for over 12 years. During that time, StandardAero has been servicing its many European and Middle Eastern clients with dedicated representation and smooth and efficient logistics.

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 Government of Dubai, Dubai International Capital, DIFC Investments LLC, EMAAR, ISTITHMAR World, Dubai Silicon Oasis (DSO).