StandardAero Expands Agreement to Support Arriel Engines for Turbomeca Asia Pacific

HOUSTON, Texas – February 24, 2008 — StandardAero Singapore today announced that it has reached an agreement to support Arriel 1 and Arriel 2 engines for Turbomeca Asia Pacific in the Asia-Pacific region. This agreement renews and expands a previous agreement with Turbomeca Asia for Level 3 support for the Arriel 1 and Arriel 2 engines, in place since 2006. StandardAero Singapore has been providing field service for Turbomeca Asia Pacific since 2006.

“This additional scope will enhance the support of the Turbomeca operator base in the Asia Pacific region,” said Francis Lee, StandardAero’s General Manager in Singapore. "We’re pleased that Turbomeca has expressed its confidence in us and our work with the renewal and expansion of this agreement.”

StandardAero technicians have received the appropriate training on the Arriel 1 and Arriel 2 engines. “We have received great feedback on the proficiency of our technicians in the field,” commented Lee.

StandardAero’s Singapore facility has expanded to accommodate the increased workload and has been equipped with the special tooling and material-handling equipment.

StandardAero, a Dubai Aerospace Enterprise (DAE) company with $1.4 billion in annual revenue, specialize 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 – Airports, Capital, Engineering, Manufacturing, Services and University. Headquartered in Dubai, the group is growing through a series of phased developments and acquisitions to become a global player and produce an integrated aerospace cluster based Dubai World Central – the new 140 square kilometer airport and logistics city. 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 EMAAR, ISTITHMAR, Dubai Airport Free Zone Authority (DAFZA), Dubai International Capital, DIFC Investments LLC, the Government of Dubai and AMLAK Finance.