StandardAero Continues to Deliver C-130J Propulsion Support

Avalon, Australia – March 11, 2009 – StandardAero, a Dubai Aerospace Enterprise company, is excited to be participating as a member of Team Aero to deliver Through Life Support services for the propulsion systems on the Royal Australian Air Force fleet of twelve (12) C-130J Hercules aircraft.

StandardAero participated in the tender as a member of the Australian Aerospace-led team that includes Lockheed Martin. StandardAero will work closely with the Air Force, Defence Material Organization, Australian Aerospace and Lockheed Martin to ensure a seamless transition and ongoing delivery of sustainment services.

“Working with the Commonwealth of Australia, Australian Aerospace and Lockheed Martin, StandardAero looks forward to delivering a comprehensive C-130J Through Life Support solution,” said Harinder Grewal, StandardAero Senior Vice President for Military and Government. “This relationship will begin a new era in managing risk and ensuring ongoing value creation for the Commonwealth.”

The C-130J propulsion system includes the Lockheed Martin Quick Engine Change Assemblies, depot repair of Rolls-Royce AE2100D3 engines and GE-Dowty R-391 propellers along with all the associated repairable items and components. The current provider of these services, StandardAero is viewed by the sustainment team as a low-risk solution and a strong continuation of an already proven relationship.

The new contractual terms will expand the services currently being offered and will include the five-year rolling-contract-length model that links annual contract extensions to contractor performance and containment of aging aircraft costs. Subject to satisfactory performance, renewable option years will extend the contract through to the year 2030.

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.