StandardAero, Honeywell Renew Service Level Agreement on CFE738 Engine

Atlanta, Ga. – October 18, 2010 – StandardAero announced today that it has renewed its service level agreement with Honeywell to provide maintenance repair and overhaul (MRO) support on the CFE738 engine. The term of the renewal agreement is five years and provides operators of Falcon 2000 aircraft the ability to get their mid-point major periodic inspection (MPI) completed by StandardAero, in addition to having all line and light service needs fulfilled. Major events will be performed at StandardAero’s Los Angeles facility, with line capabilities in Springfield, Ill. (SPI).

StandardAero also provides CFE738 MPI and Line support for NetJets, Inc., the largest fleet operator of Falcon 2000’s in the world. Along with their operating affiliates NetJets Europe and Executive Jet Management, they operate or manage 40-plus Falcon 2000 aircraft.

”StandardAero has a long, rich history with Honeywell engines,” said Scott Taylor, senior vice president, Business Aviation, StandardAero. “Renewing our service agreement on the CFE738 places further emphasis on being a full service, total care provider for Falcon operators.”

As authorized service centers for Dassault FalconJet at all of the company’s Business Aviation locations, StandardAero is the only provider of CFE major maintenance for the Falcon 2000, in conjunction with airframe events, interior and paint, winglets installation and avionics upgrades.

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