Aeroman not affected by Aveos’ filing of proceedings under the Companies’ Creditors Arrangement Act (CCAA) in Canada.

Aeroman is not affected by Aveos’ financial situation as detailed in the Aveos press release issued today. Aeroman will continue its regular operations and continue to service its customers. “The current situation with Aveos is extremely disappointing. However, Aeroman is a completely separate entity and is not impacted in any material way by the CCAA filing in Canada. We are extremely pleased with how well Aeroman is doing; we are adding a new hangar to accommodate three new lines for narrow body aircraft that will be operational by the end of March 2012,” said Ernesto Ruiz, Chief Executive Officer – Aeroman. Established in 1983, Aeroman is the leading narrow-body MRO provider and only member of the Airbus MRO Network in Latin America. Its strategically located facilities are easily accessed by carriers from the US, Caribbean, Mexico and Central and South America. Aeroman is a sister company of Aveos, and is 80% owned by parent company Aero Technical Support & Services Holdings.

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