StandardAero Signs Overhaul Contract with EuroLOT

Tempe, Ariz. – Nov. 13, 2009 – StandardAero, a Dubai Aerospace Enterprise (DAE) company, has been awarded a new contract from EuroLOT for the maintenance, repair, and overhaul of Pratt & Whitney PW124B/127 engines. The contract will be carried out over a five-year period with the work being performed at StandardAero’s facilities in Tilburg, The Netherlands and Winnipeg, Canada.

“This contract with the Polish national regional carrier is proof of our commitment to the European market and EuroLOT’s confidence in our services,” said Manny Atwal, Vice President, Turboprop Programs for StandardAero’s Airlines & Fleets Sector. “It also underscores our capacity to effectively service PW100-series engines on a global scale and strengthens our reputation as a world-class engine MRO service provider.”

Under the terms of the agreement, StandardAero will offer its Total Engine Asset Management (TEAM™) program to EuroLOT, which includes spare engine, field service and AOG support to help EuroLOT achieve the highest dispatch reliability.

EuroLOT selected StandardAero following an extensive selection procedure where StandardAero showed a consistently high service level. EuroLOT is the operator on the LOT Polish Airlines network. EuroLOT’s fleet of ATRs operate passenger and charter flights both domestically and internationally.

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:

Dubai Aerospace Enterprise is building a globally recognized Aerospace corporation with operations from aircraft leasing, repair and overhaul (MRO) and Aviation IT solutions. It is creating an innovative business that builds on Dubai’s dynamism and continuous growth in Aviation. DAE is currently made up of three divisions – DAE Capital, DAE Engineering and DAE Services.

DAE’s shareholders include the Investment Corporation of Dubai, Dubai International Capital, DIFC Investments LLC, EMAAR, ISTITHMAR World, and Dubai Silicon Oasis (DSO).