StandardAero Transitioning its P&WC PW100 Designated Overhaul Facility to Canada

Winnipeg, Canada – June 19, 2009 – StandardAero is moving its Pratt & Whitney Canada (P&WC) PW100 Designated Overhaul Facility (DOF) from The Netherlands to Winnipeg, Canada. This P&WC approved PW100 overhaul facility will provide heavy repair, engine overhaul, and line-replaceable-unit (LRU) overhaul services. A newly created turboprop business unit in support of P&WC products will unite the PW100 and the PT6 DOFs, facilitating the incorporation of StandardAero’s P&WC turboprop expertise into one dedicated Winnipeg facility.

“This new turboprop business unit is a significant enhancement to the P&WC services offered by StandardAero,” said Manny Atwal, General Manager of the new P&WC turboprop business unit. “The combined business unit will enable us to provide the best support to our customers.”

StandardAero’s existing PW100 facility in Tilburg, The Netherlands will transition into a European Sales and Service Center. The facility will continue to perform Rolls Royce GEM Maintenance, as well as maintaining field service, and test capabilities for the PT6 and PW100 engine models, and field service and light repair capabilities for the PW600 engine.

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 Capital, DAE Engineering, DAE Services, DAE Manufacturing, DAE Airports, and DAE Flight Academy.

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