Wayfarer Aviation Inc. and StandardAero Establish a Fleet Savings Program

Orlando, FL – October 21, 2009: StandardAero (A DAE Company) of Tempe, Arizona, and Wayfarer Aviation, Inc. of Rye Brook, New York, announced today a signed Memorandum of Understanding to establish a fleet savings program to support Wayfarer’s fleet of managed aircraft.

“StandardAero is a premier company providing maintenance support services for business aviation,” said Thomas Mealie, General Operations Manager and Vice President of Maintenance, Wayfarer Aviation, Inc. “I look forward to offering StandardAero’s services to our managed clients with savings to their direct operating costs.”

Wayfarer Aviation is a leading worldwide management and charter organization with over 25 aircraft under management varying from Global Express, Challenger, Cessna, and Falcon aircraft based internationally from Florida, New York, California, and Singapore.

“Today’s announcement underscores our commitment to expand the company’s strategic service footprint within the business aviation market,” said Scott Taylor, Senior Vice President, Business Aviation for StandardAero. “This agreement provides Wayfarer an additional source of MRO support and a wide array of services, second-to-none in business aviation support.”

StandardAero’s suite of services includes MRO, airframe, interior refurbishments, and paint. The company’s Business Aviation sector has a support network consisting of four Heavy Engine MRO facilities and two satellite facilities that support the business aviation operator. They also have a network of MST (Mobile Service Teams) strategically placed around the country for AOG support.