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AMG Announces Acquisition Of Flite Components

January 5, 2006

MIAMI - Aero Maintenance Group (AMG) announced today the acquisition of Flite Components, Inc. (Flite Components) based in Dallas, Texas. Flite Components is a leading FAA certified repair station with over fifty years of experience in the repair, overhaul and distribution of rotable and expendable components for regional and corporate aircraft. Flite Components will enhance AMG's ability to support operators around the world through expanded repair capabilities, additional technical expertise, and increased production resources.

"Regional aircraft is the fastest growing segment of the commercial aviation market and Flite Components has an impressive history of excellence and reliability in the repair and overhaul of regional components," said Ben Quevedo, CEO of AMG. "Flite Components strategic location at Dallas Love Field is in close proximity to some of the largest air carriers in the United States and will strengthen AMG's ability to offer comprehensive repair solutions to those operators."

Established in 1948, Flite Components specializes in the repair and overhaul of hydraulic, pneumatic, fuel and electro-mechanical components and maintains a large rotables inventory to service AOG requirements. Flite Components is also a factory authorized stocking distributor and repair service center for Aircraft Parts Corporation and is a factory authorized stocking distributor for FPT, AMFUEL and Aerazur.

AMG provides repair and parts support services to over 1200 commercial, regional and corporate aviation customers worldwide through three FAA licensed subsidiary companies. Aero Technologies, located in Miami, Florida, focuses on the repair and overhaul of pneumatic, hydraulic, avionics and electro-mechanical components and accessories. Air-Pro, located in Miami and Copenhagen, Denmark, supports the commercial, military, regional, and corporate aviation markets through inventory support programs, part sales and the manufacture and distribution of expendable materials such as flexible hose assemblies. Inter-Safe, located in Miami, specializes in interior refurbishment and safety product repair and overhaul. AMG is strategically partnered with the Air France-KLM Group and participates in a network of technical and operational alliances that provide customers with extensive repair and overhaul expertise, inventory availability, and significant cost savings.

For more information please visit www.aeromaintenancegroup.com.

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Aero Maintenance Group (AMG), Aero Technologies, Air-Pro, Flite Components, Precision Electronics, American Composites