Killick Capital

Dallas Texas: August 8, 2011

Killick Aerospace today announced that it has completed a comprehensive series of financings totalling $160 million. The transactions were comprised of:

- a new and enlarged senior banking facility led by the Bank of Nova Scotia’s asset lending group - Roynat Asset Finance with participation by Frost Bank (Capital Group) and PNC Bank, National Association.
- a subordinated loan from Killick Capital.
- a partnership investment by Alaris Royalty Corp. in Killick Capital.

Proceeds will be used to retire existing debt as well as fund continued growth at Prime Turbines, CT Aerospace and Kansas Aviation. The increased capital will also enable Killick Aerospace to complete selected acquisitions in order to compliment existing product and service offerings to our global customer base.

Proceeds will be used to retire existing debt as well as fund continued growth at Prime Turbines, CT Aerospace and Kansas Aviation. The increased capital will also enable Killick Aerospace to complete selected acquisitions in order to compliment existing product and service offerings to our global customer base.

About Killick Aerospace.

Headquartered in Dallas, TX, Killick Aerospace is comprised of:

Prime Turbines (www.prime-turbines.com) is an independent FAA authorized overhaul facility specializing in the Pratt & Whitney Canada PT6A engine series. With facilities in Dallas, TX, Hyannis, MA and Pittsburgh, PA, Prime offer full Pratt & Whitney Canada PT6A engine services to customers in regional airlines, agriculture, aircraft sales and leasing, corporate flight departments, cargo services, and FBOs.

CT Aerospace (www.ctaerospace.com) purchases, overhauls (via third-party FAA certified MRO facilities) and sells new and used aircraft engines as well as engine and aircraft parts to a wide variety of customers including MRO facilities, leasing companies, aircraft operators and other engine parts distributors and dealers throughout the world. Operating from a 55,000 sq ft customer support centre in Dallas, CT complements its service to the international aviation community with full time representatives in Ireland, Brussels, Singapore, China and San Francisco.

Kansas Aviation of Independence (www.kansasaviation.com) specializes in the overhaul and repair of oil/air/fuel related engine accessories on the PT6A, PT6T, PW100, PW300, JT15D, CJ610, CF700, Allison 250, CF34 and PW901 engines. Kansas provides the highest quality and world leading turn times to MRO facilities as well as aircraft operators.

Participating Financial Institutions:

Roynat Asset Fianace (www.roynat.ca/assetfinance)  a wholly owned subsidiary of The Bank of Nova Scotia provide fast-growing or leveraged mid-market companies with working capital and term loans that meet the unique characteristics of the industry and business. As an alternative to traditional operating lines of credit that rely on balance sheet strength, our lending structure is based on a percentage of receivables, inventory and appraised asset values. TSX: BNS
Cullen/Frost Bankers, Inc. (www.frostbank.com) is a financial holding company, headquartered in San Antonio, with $18.5 billion in assets at June 30, 2011 and more than 110 financial centers throughout Texas. One of 24 U.S. banks included in the KBW Bank Index, Frost provides a wide range of banking, investments and insurance services to businesses and individuals in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Rio Grande Valley and San Antonio regions. Founded in 1868, Frost has helped clients with their financial needs during three centuries. NYSE: CFR

The PNC Financial Services Group, Inc. (www.pnc.com) is one of the nation's largest diversified financial services organizations providing retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. NYSE: PNC

Alaris Royalty Corp. (www.alarisroyalty.com) invests in a diversified group of private businesses ("Private Company Partners") in exchange for royalties or distributions from the Private Company Partners, with the principal objective of generating stable and predictable cash flows for dividend payments to its shareholders. TSX: AD
Killick Capital (www.killickcapital.com) a leading Atlantic Canadian Private Equity firm, dedicated to partnering with Atlantic Canadian businesses and Global Aerospace businesses.   Killick's focus is to identify and fund investments with the potential for substantial growth, long-term value creation and capital appreciation.  Killick is committed to providing access to capital and strategic insight, to build long-standing, successful companies.
Killick Aerospace was exclusively advised by MPA Morrison Park Advisors Inc. of Toronto Canada (www.morrisonpark.com)

For additional information please contact:

Russell Starr @ 972 406 2101
Mark Dobbin @ 709 738 5512