StandardAero and Shadin Avionics to Jointly Market Engine Monitoring System

Orlando, Fla. – Oct. 5, 2008 – StandardAero and Shadin Avionics have agreed to jointly market a next generation electronic engine monitoring system for the PT6A turbine engine. The Shadin Avionics ETM-XL is an electronic trend sampling and exceedance monitoring system recording flight duration, engine cycles, trends and exceedances set by predetermined engine limits.

Co-branded by StandardAero and Shadin Avionics, the ETM-XL records data continuously allowing operators to closely monitor their engines and make more informed maintenance and inflight operation decisions. This contributes to enhancing flight safety, lowering maintenance costs through early detection, and reducing down time as well as increasing the resale value of the aircraft. Equipment will be available for installation at the end of the first quarter of 2009.

“As the new StandardAero expands beyond turbine-engine MRO, our pursuit of advanced engineering concepts for engine reliability and forecasting capabilities have opened up opportunities such as this partnership with Shadin Avionics,” said StandardAero President and CEO, Rob Mionis.

StandardAero is the only Pratt & Whitney Canada PT6A designated overhaul facility that can offer customers both maintenance, repair and overhaul (MRO) and engine upgrade options.

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 Airports, DAE Capital, DAE Engineering, DAE Manufacturing, DAE Services and DAE University.

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