StandardAero Springfield to Receive $500,000 Facility Improvement Investment

Tempe, Ariz. – September 7, 2010 – StandardAero announced today that the company’s Business Aviation services facility in Springfield, Ill. will receive a facility site-improvement investment worth $500,000. Work begins soon and is expected to be completed over the next six months.

The details are still being finalized but the projects involve repainting of the facility’s hangar floors and walls, in addition to the installation of large-facility ventilation fans and new energy-efficient lighting, all with the goal of providing a more comfortable environment for company employees, and StandardAero customers and their aircraft.

“We’re excited about the positive impact these improvements and upgrades will have on our customers and employees,” said Mike Menard, vice president and general manager, StandardAero Springfield. These improvements will definitely enhance the quality of our customers’ experience while in our facilities making them comfortable and productive. Additionally, it will create a better work environment for our employees as well as contribute to significant reductions in utility costs throughout the facility.”

Reiterating his objective of ensuring world-class customer service was Scott Taylor, StandardAero’s senior vice president of Business Aviation. “Today’s announcement is just another step Business Aviation is taking toward ensuring we deliver a world-class customer experience. We’re making a difference and it’s showing,” Taylor concluded.

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.