Standard Aero Wins Canadian Helicopter Contract for Rolls-Royce 250 MRO

CALGARY, Canada – April 9, 2008 — Standard Aero has been awarded a contract by Canadian Helicopters Limited (CHL) for exclusive component repair and overhaul services on the Rolls-Royce 250 engine. The contract names Standard Aero as the exclusive component repair and overhaul provider for a period of one year, with a possible one-year extension. The work is valued at approximately $6 million per year.

“This contract award extends a partnership that Standard Aero has had with CHL for many years,” said Tom Roche, Vice President—Helicopter Programs, for Standard Aero. “We look forward to continuing a great working relationship.”

Standard Aero has been the sole MRO provider for CHL on the Rolls-Royce 250 engine beginning in 2001. Since the original contract was signed in 2001, there have been several renewals and extensions awarded to Landmark Aviation/Standard Aero.

Canadian Helicopters Limited is the largest helicopter transportation services company operating onshore in Canada, and one of the largest in the world. CHL operates and provides maintenance for over 150 CHL and customer aircraft from over 40 base locations across Canada. CHL provides helicopter services to a broad range of sectors, including emergency medical services (EMS), infrastructure maintenance, utilities, oil and gas, forestry, mining and construction. CHL also operates three flight schools and provides incidental third-party repair and maintenance services.

Standard Aero, a Dubai Aerospace Enterprise (DAE) company with $1.4 billion in annual revenue, specialize 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 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.