Vector Aerospace Announces the Appointment of Declan O’Shea as President and Chief Executive Officer

March 11, 2008 – Vector Aerospace Corporation announced today that Declan O’Shea has been appointed to the position of President and Chief Executive Officer of the Corporation. Mr. Donald K. Jackson, previously Chairman, President and Chief Executive Officer, will remain active at Vector as Chairman.

Mr. O’Shea has had a distinguished 30 year career in the aerospace industry, and in the Maintenance, Repair and Overhaul sector specifically. He comes to Vector from SR Technics, most recently as Executive Vice President Sales, Marketing and Business Integration, heading SR Technics’ sales activities around the globe. Prior to this Mr. O’Shea was CEO of SR Technics Ireland and worked in various management functions for FLS Aerospace and Team Aer Lingus. Mr. O’Shea’s skill-set, style and industry vision are aligned with the strategic vision and culture of Vector, and his UK experience will be an asset in the completion and integration of the recently announced DARA purchase transaction.

Vector is an independent provider of maintenance, repair and overhaul (MRO) services for fixed-wing and rotary-wing aircraft operators around the globe. Vector’s service portfolio includes support for various types of turbine engines, dynamic components, structures and avionics. From facilities in Canada, the United States, the United Kingdom and South Africa, Vector’s employees serve a global customer-base consisting of private and commercial operators, government agencies and defence departments.