StandardAero Adds PW127M Engine Model to its Platform of Pratt & Whitney Canada Engine Services

Tempe, Ariz. – May 26, 2009 – StandardAero has been granted an extension of its Designated Overhaul Facility license to include the PW127M engine. Addition of the PW127M to its existing platform of Pratt & Whitney engine services expands StandardAero’s breadth of capabilities by allowing it to perform MRO services on the ATR42-500, ATR72-500, ATR42-600 and ATR72-600 series turboprop aircraft; all powered by the PW127M engine.

“StandardAero has had a long-standing relationship with Pratt & Whitney Canada serving as a Designated Overhaul Facility on PW100 series engines. This new authorization adds to those capabilities and strengthens our portfolio in aircraft maintenance, repair and overhaul,” said StandardAero President & CEO, Rob Mionis. “The ability to augment our product portfolio is excellent news under any circumstances, but is especially rewarding under the current economic conditions our industry is experiencing.”

The PW127M is the next evolution of the PW127E and F programs currently offered on the ATR42/72 platform. StandardAero currently conducts MRO services on the PW127E and F series engines at its Tilburg facility in The Netherlands. Certification as a Designated Overhaul Facility on the PW 127M allows StandardAero to continue supporting the evolving PW100 engine market.

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).