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August 13, 2007

Sierra and CT Aerospace Sign Engine Agreement

August 13, 2007, UVALDE, Texas – Sierra Industries Ltd and CT Aerospace LP announce the signing of a definitive agreement whereby CT Aerospace will acquire the surplus Pratt & Whitney JT15D-4 aircraft engines from Sierra’s latest re-engining program, the Sierra Super II.

Sierra’s Super II is a state-of-the-art re-engining of the Citation II aircraft, providing dramatically increased range, speed and overall performance while reducing carbon emissions and fuel usage. The Super II replaces the original Pratt engines with Williams International FJ44-3A engine, featuring full authority digital engine control (FADEC) for significantly improved performance, enhanced efficiency and reduced cabin noise. The Super II is an affordable and cost-effective solution, offering comparable performance to the latest light business jets at a fraction of the acquisition cost.

Sierra Industries is a 23 year old aviation modification and maintenance specialist serving Citation owners worldwide. The highly trained and capable staff performs maintenance and inspection services on over 350 Citations each year.  The world leader in Citation Performance Enhancement Modifications, Sierra Industries offers the Eagle and Longwing modifications and more recent innovations such as the Williams-powered FJ44 Stallion and Eagle II, as well as over 300 other products and enhancements to maximize the value and utility of Cessna Citation business jets. ) including EASA approvals, offering inspection and maintenance services for Cessna Citations through the model 650.  More information is available at their website, www.sijet.com.

CT Aerospace LP, headquartered in Carrollton, Texas is a privately-held, highly respected company providing a wide variety of products and services for the aviation industry.  CT purchases, overhauls (via third-party FAA certified MRO facilities) and sells new and used aircraft engines and engine parts to a wide variety of customers including MRO facilities, leasing companies, aircraft operators and other engine parts distributors and dealers throughout the world.  Additionally, in its 55,000 square foot facility, CT offers an extensive inventory of aircraft engines and engine parts to its customers.  The Company also provides leasing options on aircraft engines to aircraft operators and MRO facilities.  For more details, visit their website at www.ctaerospace.com.