Avianor Inc. Announces Management Changes

Earl Diamond and Sylvain Savard, co-owners of Avianor Inc, are pleased to announce the following management changes effective August 1, 2013.

Sylvain Bedard, President and CEO of the company has stepped down to accept a position as CEO of another prominent Quebec aerospace company. In over a year at Avianor, Mr. Bedard has succeeded in introducing new organizational reporting and monitoring standards that the company management team has embraced and are executing effectively. Mr. Bedard has agreed to join the company’s newly created “Advisory Board” as a way of continuing to participate in the growth of Avianor.

As well, the company’s Vice President of Sales, Mrs. Virginia Taborda, has resigned as she is
relocating to another country.

Earl Diamond will assume the role of Chief Executive Officer and oversee all sales efforts. Sylvain Savard will continue as Chairman; he will also assume the interim role of (newly created) Executive Vice President, Operations. Mr. Paul Costanzo, currently CFO, will take on the additional role of Executive Vice President, Administration.

“Change is never easy,” said Earl Diamond, “but with the growth that this company has seen the past 18 months, having a solid, engaged management team is one key to long term stability and success. We are confident the systems introduced by Mr. Bedard will serve us well in the future.”

About Avianor Inc.

Located in the world's third largest aerospace city, Avianor Inc. is a privately held Canadian corporation that specializes in aircraft maintenance and component maintenance (seats, wheels & brakes), manufacturing (crew seats and cabin interior items) and interior cabin modification. With more than 17 years of expertise in the design, engineering, certification, manufacturing, maintenance, modification and distribution of aeronautical and general transportation equipment (including rail), Avianor has positioned itself as a vertical integrator in the marketplace. The company occupies over 200,000 square feet of repair shops, hangar bays, fabrication facilities and warehouse space at Mirabel Airport (YMX) and employs over 250 people.

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