Jeffrey Wood Named Senior Vice President of StandardAero Airlines & Fleets

Tempe, Ariz. – November 9, 2011 – StandardAero announced today it has appointed Jeffrey Wood as Senior Vice President of its Airlines & Fleets business. Airlines and Fleets is the largest of StandardAero’s six business sectors. The other sectors include: Associated Air Center, Business Aviation, Components, Government & Military and Helicopters & Energy.

“We are very pleased to have Jeff join our leadership team,” said Rob Mionis, President & CEO, StandardAero. “His experience leading large and complex organizations, global orientation, deep industry knowledge and his aircraft engines expertise and understanding of both manufacturing and MRO services will allow him to quickly and effectively manage the needs of our customers, execute our strategy and grow the business.”

Wood will take over from interim leader Jennifer McNeill, who is returning to her former role as Vice President, Sales, Marketing and Business Development for Airlines and Fleets.

Wood is a proven aerospace industry executive with more than 24 years experience in senior roles at a variety of companies including General Electric and Pratt & Whitney Commercial Engines and Teleflex. He also served as President of Airfoil Technologies International where he drove significant revenue growth. Most recently, he was a Senior Advisor for Irving Place Capital where he focused on investment opportunities for the firm’s aerospace practice. Wood has managed global supply chains, run global operations and driven several successful merger and acquisition and divestiture programs.

Wood holds a Masters of Business Administration from Harvard Graduate School of Business Management as well as a Bachelor of Arts degree, majoring in International Economics and Spanish from DePauw University. He also studied at Universidad de Barcelona and is fluent in Spanish. He is a graduate of the General Electric Financial Management program and has served on the Board of Governors for the Aerospace Industries Association.

StandardAero, a Dubai Aerospace Enterprise (DAE) company with nearly $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:

Dubai Aerospace Enterprise is building a globally recognized aerospace corporation with operations from aircraft leasing, maintenance, repair and overhaul (MRO), and Aviation IT solutions. It is creating an innovative business that builds on the dynamics of Dubai and continuous growth in aviation.

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 kilometer 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.