Press Release

Issued by StandardAero.

December 6, 2010

StandardAero announced today that Lee Juan Lanford, founder of Associated Air Center (AAC) has died from complications due to Alzheimer's disease, he was 87.

Lanford, an aviation business entrepreneur, created the Associated Radio Company in 1948, at Love Field in Dallas, Texas. The small start up company, which initially specialized in the repair and installation of surplus radio equipment in ex-military aircraft purchased by private individuals and corporations, grew to become Associated Air Center, specializing in the maintenance and modification of large transport category VIP aircraft.

"Lee was a brilliant entrepreneur and businessman who guided Associated Air Center through remarkable periods of change. His ability to steer AAC to growth and success is a testament not only to his business savvy, but his personal character as well," said Jack Lawless, president, Associated Air Center. "We are thankful for what he achieved; he will be missed."

Lanford is survived by his wife of 68 years, Bennye, daughter Cynthia Adams, and three grandchildren, Austin, Ashleigh, and Andrea Adams.