Press Release

Issued by AJW Group.

April 4, 2012

A J Walter Aviation, the leading independent complete aircraft spares support specialist, has signed a three year consignment agreement with Arizona based StandardAero, marking the start of a long-standing relationship between the two companies.

The agreement means StandardAero will benefit from AJW's extensive and growing inventory of engine material, some of which will be held at the StandardAero Cincinnati facility for future utilisation or sale. AJW will benefit from StandardAero's comprehensive repair capabilities as well as enjoying access to its current inventory also for utilisation or sale.

StandardAero specialises in the repair, maintenance and overhaul of gas turbine engines, component parts and other aviation services. The Company has significantly grown its capability and capacity over recent years, including diversification into CFM56-5B and -7B engine overhaul as well as several APU types.

"We are excited to be working with AJW. This agreement allows StandardAero to better serve the market by developing custom solutions that meet our customer needs" comments Rick Stine, Senior Vice President StandardAero.

The A J Walter Aviation Engine Division opened in February 2011 and has exceeded all targets during its first year of operation. The Company's dynamic approach, backed up by AJW's world-leading and independent status within the aircraft spares support industry, has enabled it to deliver a range of efficient cost-effective solutions and products to several new and existing customers.

"We are delighted to be collaborating with StandardAero and to formalise our relationship with the signing of this agreement. We are confident of bringing our combined strengths to the advantage and benefit of further existing and new customers around the world" comments Christopher Whiteside, AJW President.

AJW's Engine Division focuses primarily on the acquisition of CFM56-3/5/7, CF6-80, V2500 and PW4000 engines for lease or teardown and the supply of high quality used serviceable material to its many airline and engine MRO customers. For more information on current engine portfolio opportunities call +44 1685 352781 or email engines@ajw-aviation.com.

Both A J Walter Aviation and StandardAero are exhibiting at MRO Americas 2012 this week, at the Dallas Convention Center from April 3-5. Please visit AJW on booth # 2042 and StandardAero on booth # 1847.