Press Release

Issued by Dubai Aerospace Enterprise.

September 24, 2007

Standard Aero, a Dubai Aerospace Enterprise (DAE) Engineering company, today announced that it has acquired TSS Aviation Inc. for $65 million.

"TSS Aviation Inc. is a turbine engine component repair facility and OEM authorized to repair engine parts for all major aircraft engine original equipment manufacturers (OEM)," said Paul Soubry, Standard Aero President and Chief Executive Officer.

"Not only does TSS Aviation increase the Standard Aero component repair – but it also brings significant new technology and capability to the DAE repair portfolio. We gain extensive new capabilities, along with exceptional quality and an on-time delivery record, all of which make this a tremendous strategic fit for both Standard Aero and Landmark Aviation," he added.

TSS is a full service component overhaul facility, providing mid to large aerospace and industrial gas turbine engine repairs for OEMs and airlines. Fully aligned with the OEMs, TSS holds authorizations for several engines, offering rapid repair development and advanced composite and electron beam welding repair technologies.

Scott Nichols will continue to lead the business as Vice President of TSS Aviation.

"With a significant growth rate year over year, we see excellent opportunities to continue growing," Nichols said. "Now, as part of Standard Aero and the DAE organization, TSS will have access to new customers and products."

Located in Cincinnati, TSS Aviation was established in 1948 and offers specialty repair processes, including heat treat, metal spray, non-destructive test, welding and advanced composite repairs. Standard Aero purchased TSS Aviation from TSS Technologies, which continues as a family owned and operated company.

TSS Aviation also offers repair development engineering for the design and implementation of new repairs. With about 225 employees, the company occupies a 135,000 square foot facility.