StandardAero Awarded Contract to Perform U.S. Army Auxiliary Power Unit Inspections

Maryville, Tenn., October 22, 2008 – StandardAero has been selected by Letterkenny Army Depot to provide 500 hour inspections on the GTCP36-50H Auxiliary Power Units (APUs). The total contract award is estimated to be $3.3 million over five years.

StandardAero has serviced Honeywell GTCP36 and 85 series APUs since 1997 at its facility in Maryville, Tenn. Since the inception of the APU program, StandardAero has delivered over 4,000 APUs and is now a leading provider of Maintenance, Repair, and Overhaul services for the GTCP36 series APUs to regional airlines in North America and Europe.

“StandardAero is pleased to support the U.S. Army’s engine inspection requirements on this important program,” said Tim Fischer, Vice President, StandardAero Maryville. Since 2005, StandardAero has been the depot provider for the Army’s GTCP36-50H APUs. Fischer adds, “We are confident our proven inspection practices, highly trained personnel, state of the art technologies, and Lean-Cellular™ facilities will provide the U.S. Army with maximum engine performance and asset availability at an affordable rate.”

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), AMLAK Finance.