StandardAero Awarded Follow-on Work from GoJet Airlines for Engine MRO

Tempe, Ariz. – April 28, 2010 – StandardAero announced today the signing of amendments to both of its exclusive MRO agreements with GoJet Airlines for additional engine maintenance repair and overhaul (MRO) support.

The amendments add 20 CF34-8 engines, for a total of 50 engines plus spares, in addition to 15 RE220 auxiliary power units (APUs), increasing the company’s number of GoJet APU MRO work to 25. All CF34™ work will be conducted at StandardAero’s Winnipeg, Canada facility with the RE220 APU work being performed at StandardAero’s Maryville, Tenn. facility.

“Today’s announcement is an acknowledgement of the confidence and satisfaction GoJet has in StandardAero,” said Senior Vice President, Airlines & Fleets, Ian Smart. “The quality of the work coming from our teams, the flexibility of our programs, and the cost advantages we provide our customers is being recognized throughout the industry and demonstrated by our growth not only in our CF34 and RE220 businesses, but also by our migration into other large fan engines such as the CFM56. We’ve long enjoyed our partnership with GoJet and based on today’s announcement; anticipate that relationship to extend well into the future.”

The initial contract with GoJet for CF34 engine and RE220 APU MRO support was signed in 2005; both for 15-year terms.

StandardAero, a Dubai Aerospace Enterprise (DAE) company with nearly $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:

Dubai Aerospace Enterprise is building a globally recognized aerospace corporation with operations from aircraft leasing, maintenance, repair and overhaul (MRO), and Aviation IT solutions. It is creating an innovative business that builds on the dynamics of Dubai and continuous growth in aviation.

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 kilometer 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.