ExelTech Aerospace Announces Maintenance Contract from Venezulean Airline CONVIASA

MONTREAL , May 28 /PRNewswire-FirstCall/ - ExelTech Aerospace Inc.("ExelTech Aerospace" or the "Company"), (TSX Venture: XLT), Canada's largest publicly-listed commercial aircraft maintenance, repair and overhaul organization, today announced that it has signed a General Terms Agreement with its first Venezuelan customer, Consorcio Venezolano de Industrias Aeronauticas y Servicios Aeros, which operates as CONVIASA, serving domestic destinations and points in the Caribbean and South America .

ExelTech Aerospace will perform major maintenance, including structural inspections and repairs, on CONVIASA'S fleet of ATR 42 aircraft at its ATRHeavy Maintenance Facility at Montreal's Pierre Elliott Trudeau International Airport. The first aircraft will be redelivered to CONVIASA before the end of May.

"We are delighted to have been selected by CONVIASA," said Calvin Tuitt, Director, Caribbean and Latin American Sales, ExelTech Aerospace. "We have committed to provide this new customer with the turnaround times, quality and value that are critical to its continued success as a fast-growing airline in a highly competitive market."

"We are very pleased to be teaming up with ExelTech Aerospace," said Franklin Fernandez Martinez, President of Conviasa. "We know of their reputation as ATR maintenance experts and their proven track record of providing international operators with the service levels we demand. We look forward to building a long term relationship."

CONVIASA is the 15th Latin American and Caribbean regional airline to select ExelTech Aerospace for ATR, Dash 8 or CRJ maintenance support.

About CONVIASA

Venezuelan government-owned Consorcio Venezolano de Industrias Aeronauticas y Servicios Aereos, began operations in November 2004. Today it operates as CONVIASA, providing frequent flights to domestic and regional destinations from hubs in Caracas and the southeastern Venezuelan city of Ciudad Bolivar with a fleet of regional turboprops and jets. The airline plans to operate seven ATR 42 and ATR 72 regional turboprops alongside a fleet of Boeing 737 narrow body jets and will add widebody aircraft to support international expansion.

About ExelTech Aerospace

The third-largest commercial airframe Maintenance, Repair, and overhaul(MRO) vendor in Canada , ExelTech Aerospace is listed on the TSX VentureExchange and trades under the symbol XLT. The company holds Transport Canada ,US Federal Aviation Administration (FAA) and European Aviation Safety Agency(EASA) approvals to repair a wide range of aircraft, structures, components and electrical and electronic systems. Aircraft models serviced by ExelTechAerospace include Bombardier CRJ and Embraer ERJ regional jets; ATR-42 and 72,Bombardier Dash-8 and Saab 340 regional turboprops; and Boeing narrow-body airliners.

With 230,000 square feet of hangar, shop and office space in three facilities at Montreal and Quebec City, and with marketing offices in the US and Europe , ExelTech Aerospace provides maintenance repair and overhaul services to airlines in Canada, the US and 22 other countries around theworld.

To learn more about ExelTech Aerospace Inc. (TSX Venture: XLT), please visit our website at www.exeltech-aerospace.com.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy of this release.

SOURCE EXELTECH AEROSPACE INC.


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