Precision Heliparts, Inc. is Awarded Contracts to Support Canadian Helicopters Limited Fleet with Rotable Repair and Overhaul Exchange Spares

January 17, 2005

Precision Heliparts, Inc. (PHP) and PHP Canada, Inc. (PHPC) have been awarded a contract for 2005, with an option to extend through 2006. PHP will provide Canadian Helicopters Limited with Consignment Rotable Spares Packages to support their Sikorsky S76 EMS Contract, and their Bell 212 Operations. These Consignment Packages will include Accessories, Hydraulics, Instrumentation, and Electrical Components.

Precision Avionics and & Instruments, Inc. (PAI), the Overhaul facility of Precision Heliparts, has also been awarded a contract for 2005, with an option to extend through 2006. PAI will provide Overhaul Services on CHL’s Lucas and APC Starter Generators. In addition PAI will provide Instrument Overhaul for CHL’s Bell 206 and 212 aircraft, which make up about 60% of Canadian Helicopters Limited’s fleet of over 130 helicopters.

Ed Bergnach, CHL’s Vice President and Director of Maintenance stated: “We continue to align ourselves with organizations that can help us reduce our maintenance and inventory costs while at the same time allow us to continue to provide our clients with service that is second to none. Our agreements with PHP and PAI strengthen CHL’s position in all of these areas”.

David Mast, President of Precision Aviation Group, Inc. (PAG) stated that “We are proud of our contract awards with Canadian Helicopters Limited (CHL). They are exactly the type of customer we like to have. They are highly focused, a market-leader, and they operate the Helicopter types that we focus on providing support for. We have the Technical expertise, Facilities (Atlanta & Vancouver), and Inventory to support customers like CHL, and we look forward to a mutually beneficial relationship”.

About PAG

Others Sell Parts, We Sell Support.

PAG is built on the trust of our customers, and our team members are an important part of our successful, growing business that is committed to customer service. We’ve built our legacy on our ability to respond and deliver the highest quality.

At PAG, employees get the exchange of talent, experiences, and resources of multiple companies all while working for one. With 22 Repair Stations, and over 900,000-square-feet of sales and service facilities in the United States, Canada, Australia, Singapore, and Brazil – PAG’s 24 locations and customer-focused business model serve aviation customers through Supply Chain and Inventory Supported Maintenance, Repair and Overhaul (ISMRO®) services. PAG is one of only 11 companies, outside of OEMs, to collectively hold all FAA certifications.

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