Ranger Rotorcraft Group and Texas Aviation Services Expand MRO Services for Aging Helicopter Fleets

Jan. 22, 2009

FORT WORTH, Texas , Jan. 21 /PRNewswire/ -- Ranger Rotorcraft Group, Inc., a market leader in helicopter technical services, and its largest subsidiary, Texas Aviation Services, Inc., are increasing their scope of "MRO" services for aging helicopter fleets. Maintenance, Repair, and Overhaul is a critical part of the company's business model, since the "installed base" of aging helicopters is enormous and steadily growing. Retrofits, spare parts, mission upgrades, and heavy maintenance are becoming a large segment of the company's service offerings for its rotorcraft customers, civilian and military. Recent investments in shop capacity, technical depth, and training have allowed TAS to add more helicopter types to its operating certificates. The enterprise's new engineering company helps by quickly assisting the technical teams with repair methods. The multi-company enterprise in Fort Worth, TX performs services such as civilian helicopter completions and MRO, military helicopter retrofits, engineering services, parts sales, and helicopter subsystems manufacturing.

(Photo: http://www.newscom.com/cgi-bin/prnh/20090121/DA60994)

The rotorcraft services holdings of Ranger Rotorcraft Group include:

-- Texas Aviation Services, Inc. - a large depot-sized helicopter service center that specializes in completions, avionics, interiors, paint, MRO, re-wiring, and mission retrofits for civilian and military helicopters. The President of TAS is Michael Bashlor. -- Integrated Flight Systems, Inc. - specializes in helicopter air conditioners and video systems, and is adding new STC's for other helicopter specialty products. The President of IFS is Leroy Aday. -- Ranger AeroDesign - an engineering unit that provides aeronautical engineering services to Ranger's subsidiaries and to outside clients, with a goal of eventually qualifying as an "ODA" licensee with the FAA. The officer in charge of this engineering unit is Fida Waishek. -- Platinum Aviation Group, Inc. - holder of numerous STC's and an unlimited repair station license, in which special projects can be accomplished. Newly teamed with Pegasus Helicopters PLC, for prototyping and manufacturing pressure-jet helicopter kits. Mr. Aday is also President of Platinum.

Mike Bashlor , President of Texas Aviation Services, said: "By extending our reach into more and more aging fleets, we capture an important aspect of customer service. For many years, we were primarily just a completions house. Now, with new strengths, more people, and heavy investments, we can offer first class maintenance and overhauls on essentially all turbine helicopters. We have a dozen MRO project helicopters in work right now, and they will leave here in great shape."

Ranger Rotorcraft Group, Inc. presently has all of its operations at Meacham Field in Fort Worth, Texas . The mission of the Company is to create the largest and best independent rotorcraft technical services company in the South. With 174,000 square feet of hangars and shops, the Company commands a strong position in the helicopter services industry and its aftermarket support sectors. The Meacham Airport operations are one of the largest of their type in the mid-South, with the capacity for scores of helicopter projects per year.

Additional Information can be found on the web at http://www.rangeraerospace.com, http://www.integratedflightsys.com, http://www.texasaviationservices.com, and http://www.rangeraerodesign.com.

Forward-Looking Statements: The Company from time to time may discuss forward-looking information. Except for factual historical information, all forward-looking statements are estimates by the Company's management and are subject to various risks and uncertainties that are beyond the Company's control and may cause actual results to differ materially from management's expectations.

SOURCE Ranger Rotorcraft Group, Inc.