StandardAero to Reopen Engine Shop at its Springfield, Ill. Service Center

Tempe, Ariz. – March 22, 2010 – StandardAero announced today that it will reopen the engine shop at its Springfield, Ill, service center (SPI). It will be operational in the third quarter of 2010. At 225,000 square feet, Springfield is the largest Business Aviation shop and services a significant volume of TFE731-powered aircraft. Initially, the shop will be capable of providing major periodic inspections (MPIs) for TFE731 engines. The capabilities of the shop will be reassessed periodically with a possibility of adding other engine types and services based on customers’ needs. The company will maintain a Mobile Service Team (MST) in Little Rock, Ark. to service the needs of its customers in the region.

“Based on the feedback we have received from our customers, we determined that re-establishing this capability in Springfield is important to meeting their needs and providing a full complement of capabilities in this one facility…truly a ‘one stop shop’ experience,” said Scott Taylor, Senior Vice President, Business Aviation, StandardAero. “So, to remain true to our strategy of providing comprehensive business aviation services and the best customer experience available in the market, we will reopen the TFE731 engine shop in our Springfield, Ill service center.”

Due in part to its Garrett Aviation lineage, StandardAero is the largest independent provider of airframe, paint, avionics and modifications, as well as TFE731 heavy maintenance, repair and overhaul (MRO). And with its new FastLaneTM program, StandardAero is an industry leader in Core Zone Inspection turnaround times.

“I’m very pleased with the decision to reinstate the engine shop,” said Mike Menard, Vice President and General Manager of StandardAero’s Springfield facility. “We have been studying this option for a while and we know that we can hit the ground running given the breadth of our experience in TFE731. I have personally spoken to many Springfield customers and they believe this decision clearly demonstrates a changed leadership mindset and a long-term commitment by StandardAero to this facility and our presence in the market.”

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.