StandardAero and TAG Aircraft Interiors in “Limited Edition” Interiors Completion Agreement

Geneva, Switzerland – May 12, 2009 – StandardAero is pleased to announce an agreement with TAG Aircraft Interiors Ltd (TAG-AI) to offer “Limited Edition” interior completions at its Springfield, IL, facility. Through this agreement StandardAero is able to offer up to full interior completions in exclusive designs penned by the House of Versace.

Versace Interior Design Atelier is responsible for content, design and style, while TAG-AI manages the logistical and technical aspects of the interior design contracts, and acts as the marketing and sales agent. Versace’s move into VIP aircraft interiors is a logical extension of the house’s expertise in home interior and fashion design.

“I am excited about this alliance” said Bijan Khezri, TAG-AI’s managing director. “StandardAero offers premier completion and paint capabilities for top-of-line business jets, such as the Bombardier Challenger and Global lines, Gulfstreams, Falcons, Embraer Legacy, and are recognized for their superior craftsmanship and quality.”

Harvey Ticlo, Senior VP for Business Aviation at StandardAero, believes that the new designs have a lot of potential. “We have been in the high-end business jet interiors business for a long time, and have come to appreciate the constant search for quality, refinement and exclusivity that owners of those aircraft look for. We constantly look for ways to solidify our leadership there by pursuing higher levels of perfection.”

A sample of the exclusive Versace design can be experienced at TAG-AI (booth 651) at Palexpo, Geneva, during the 2009 EBACE convention. Owners and their representatives are encouraged to contact TAG-AI or StandardAero (booth 370) to discuss their completion project.

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).

TAG Aircraft Interiors, a subsidiary of TAG Group, is the supplier for the most exclusive aviation interiors in the world. The company’s clients are owners of larger business jets who want their airplanes to have the same exclusive comfort and designer styling as their luxury home furnishings.