StandardAero Names Aero Management Inc. as Its Representative in Russia and the Commonwealth of Independent States

Geneva, Switzerland – May 12, 2009 — StandardAero has appointed Aero Management Inc as its new representative for regional airlines and business aviation in Russia and the Commonwealth of Independent States (CIS). Aero Management, led by Valentine Sushko who has held senior positions in Soviet Civil Aviation and Interstate Aviation Committee, will represent StandardAero for business jet airframe, interior and avionics services as well as GE CF34®, Rolls Royce AE3007, Pratt & Whitney Canada PW100 and PT6 engines, and Honeywell auxiliary power units (APUs) and TFE731 engines.

“StandardAero’s representation by Aero Management in Russia and the CIS will provide customers with quicker access to our maintenance, repair and overhaul services,” said StandardAero President and CEO, Rob Mionis. “We believe in the region’s potential and are taking steps to ensure a presence and service offering for our customers.”

“Aero Management welcomes this opportunity to help develop, for owners and operators in Russia and CIS, technical consulting services, trouble shooting, scheduled or unscheduled maintenance, repair or overhaul for the products in StandardAero’s portolio. Aero Management’s services will fill a gap for owners and operators in Russia and the CIS,” said Aero Management CEO, Valentine Sushko.

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).