StandardAero Names Claude Chidiac Business Development Leader

TEMPE, Ariz. – Dec. 4, 2008 — StandardAero has appointed Claude Chidiac to the position of Vice President Business Development for Business Aviation based in Tempe, Ariz.

Chidiac will be responsible for developing a sustainable long-term strategy for the business aviation sector and for creating innovative approaches to growing existing products and services.

Prior to joining StandardAero, Chidiac was Program Management Office vice president for Bombardier Aerospace and most recently was managing director for Grob Aerospace.

“Claude brings extensive leadership and experience to his new role and we are fortunate to add his expertise to our staff,” said StandardAero senior vice president Business Aviation, Harvey Ticlo.

Chidiac holds a master’s degree in Business Administration and a bachelors degree in Mechanical Engineering from McGill University. He is also a pilot.

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.