StandardAero Receives HTF7000 Service Center Authorization

Orlando, Fla. – Oct. 6, 2008 – StandardAero has received authorization from Honeywell to perform repairs to the HTF7000 engine including hot section, front end and other internal and external troubleshooting and engine repairs necessary to service customers flying the engine.

The company will be among the first of three domestic service centers to receive this authorization from Honeywell.

“With our extensive experience as the largest provider of services on the TFE731, TPE331, ATF3, and CFE738, StandardAero is uniquely positioned to extend this service to HTF7000 customers,” said StandardAero President and CEO, Rob Mionis. “Our broad service center network and mobile service teams will be able to quickly respond to problems and issues related to the HTF7000 to best serve our customers.”

John Bolton, Honeywell Vice President, Business and General Aviation Aftermarket, said, “Honeywell is pleased to provide authorized service center designation to StandardAero – an important and qualified Honeywell Channel Partner. The HTF7000 is a highly reliable powerplant, providing outstanding performance and reliability in the seven thousand pound thrust class. StandardAero will support the engine’s predictable cost of operation as a key factor for today’s business jet operators.”

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 Airports, DAE Capital, DAE Engineering, DAE Manufacturing, DAE Services and DAE University.

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 EMAAR, ISTITHMAR World, Dubai Silicon Oasis (DSO), Dubai International Capital, DIFC Investments LLC, the Government of Dubai and AMLAK Finance.