StandardAero Signs a Maintenance Agreement with Region Avia Airlines Gains Strategic Entrance into Russian Market

Tempe, Ariz. – September 13, 2010 – StandardAero, a Dubai Aerospace Enterprise (DAE) company, announced today that it has signed a maintenance agreement with Moscow-based, Region Avia Airlines for work on their Embraer 120 fleet of PW118 engines, and GTCP36-150AA auxiliary power units (APUs).

“Today’s announcement is a significant milestone in StandardAero’s business development strategy and provides a ‘win-win’ for all,” said Jen McNeill, vice president, Sales, Marketing and Business Development, Airlines & Fleets. “The company wins by gaining strategic entrance into the Russian airline market and the customer wins through the cost advantages and conveniences they acquire through our services bundling program.”

“We have selected StandardAero following an extensive selection process to ensure they offer the best fit for the specific service and support requirements for the Russian market,” said Dennis Pavshinskiy, General Director, Region Avia Airlines. “With their extensive experience on the PW118 engine and GTCP36-150AA APU, StandardAero is the ideal partner to support Region Avia in its plans to further develop its internal expertise and focus on route and fleet expansion.”

The agreement grants StandardAero time and maintenance support work, as well as additional support activities, including field service support and Engine Condition Trend Monitoring (ECTM), for Region Avia’s fleet of Embraer 120 aircraft.

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.

Region-Avia Airline is an airline participating in the Russian State program of restoration of regional transportation by air in Russia. The airline has regional specialization and is operating with mono-type turbo-prop aircraft. Its mission is to revive regional aviation through restoration of traditional routes between Russian cities and removing infrastructure restrictions for economical growth of Russian regions. To expand their network Region Avia is planning to put into exploitation 35 Embraer-120 aircraft and carry about 2 million of passengers per year on distances up to 1 500 kilometers. Region Avia aims to operate regional flights from 5 major Russian hubs: Moscow, Samara, Yekaterinburg, Sochi and Novosibirsk by the year 2012.