Standard Aero Names Scott Taylor Business Development Leader

WINNIPEG, Canada – May 30, 2008 — Standard Aero has appointed Scott Taylor as Business Aviation Business Development Leader based in Tempe, Ariz.

Taylor will be responsible for developing a sustainable long-term strategy for the business aviation sector and for creating innovative approaches to growing existing products and services.

Prior to joining Standard Aero, Taylor managed sales and marketing operations for Honeywell Aerospace and most recently was general manager, Business & Regional Aviation Marketing for General Electric Aviation.

“Scott brings extensive leadership and experience to his new role and we are fortunate to add his expertise to our staff,” said Standard Aero senior vice president Business Aviation, Harvey Ticlo.

Taylor holds a master’s degree in Business Administration from the University of Phoenix, a bachelors degree from Penn State University and is Six Sigma certified.

Standard Aero, 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 – Airports, Capital, Engineering, Manufacturing, Services and University. Headquartered in Dubai, the group is growing through a series of phased developments and acquisitions to become a global player and produce an integrated aerospace cluster based at Dubai World Central – the new 140 square kilometer airport and logistics city. 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 EMAAR, ISTITHMAR, Dubai Airport Free Zone Authority (DAFZA), Dubai International Capital, DIFC Investments LLC, the Government of Dubai and AMLAK Finance.