StandardAero Names Jack Lawless as President of Associated Air Center

Tempe, Ariz. – April 15, 2009 — StandardAero has appointed Jack Lawless, President of Associated Air Center in Dallas, Texas. Lawless will manage his new duties as Associated Air Center’s President concurrent with his existing duties as StandardAero’s Chief Operating Officer.

“Jack has worked closely with AAC since DAE purchased the business. His extensive experience and proven ability to drive operations and customer satisfaction are key to AAC’s continued success in this challenging economic environment,” said StandardAero President and CEO, Rob Mionis. “Jack will continue to work closely with leaders across the organization to complete the business transformation project already underway. With Jack at the helm, AAC is well-positioned for success,” he concluded.

Prior to this most recent appointment, Lawless served as Executive Vice President, Global Supply Chain of DAE Manufacturing & Engineering, a position he held since April, 2007. Immediately prior to joining StandardAero, Lawless was Vice President, Aerospace Global Sourcing, and Vice President, OEM, for Honeywell. Lawless began his business career with AlliedSignal in 1983 upon successfully serving in the U.S. Air Force.

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.