Premier/West Star Announces Name Change

Premier/West Star Announces Name Change

Premier/West Star is pleased to announce that it is changing its name to better represent
the combined capability, talents and expertise that the company provides. Effective immediately, Premier/West Star and all affiliated locations and businesses will be named West Star Aviation, Inc.

On December 31, 2004 Premier Air Center, a full-service maintenance and repair facility at
St. Louis Regional Airport in East Alton, Illinois acquired West Star Aviation in Grand Junction,
Colorado and its Surplus Avionics Division in Hiawatha, Iowa. These facilities have been
operating as one company under the combined name Premier /West Star since the acquisition.

Continuing with an aggressive strategic growth plan, Premier/West Star acquired Jet Aviation’s
MRO services at the Dallas Love Field location on November 1, 2006. Throughout this planned
expansion, great care was taken to retain the best qualities and characteristics of each company.
The desire to provide services with the utmost quality, knowledge and responsiveness on all
levels has resulted in a single unified philosophy with a single name to stand behind.

Both Premier Air Center and West Star Aviation are companies rich in heritage within the
aviation industry. Premier Air Center was founded in 1947 and was originally named Walston
Aviation. After an ownership change in 1986, the company was renamed Premier Air Center.

West Star Aviation’s roots extend back to 1952 when Monarch Aviation was founded at Walker
Field, Grand Junction, Colorado. On May 1, 1987, the Buescher Family of
Grand Junction acquired Monarch Aviation, and changed the name to West Star Aviation.

West Star Aviation, Inc. represents the very best in aircraft maintenance and aviation support
services, whose current business philosophies are built around experienced professionals who
deliver their products and services with the utmost quality, knowledge and responsiveness.

The East Alton, Illinois location is a Factory Authorized Cessna Citation Service Center for all
500 and 650 series aircraft including the Sovereign, Mustang and CJIII aircraft and is FAACertified
on all Dassault Falcon aircraft. They also specialize in interior, paint, avionics and
engine and airframe maintenance. Additionally, the facility is factory authorized on TFE731 and
JT-15 engines. In January 2007, they completed the STC for the TFE731-4 performance
upgrade on the Falcon 50 aircraft. In August 2007, they were awarded the STC for the
installation of the Collins Pro Line 21 in a Falcon 50.

The Grand Junction, Colorado location is a full service FBO specializing in airframe
maintenance, engine repair, interior, paint and avionics upgrades for a wide variety of corporate
and general aviation aircraft including Learjet, Conquest, Citation, Hawker, Challenger and
Falcon aircraft. They are also an Authorized Service Center for Hawker and Citation 500 and
650 series aircraft including the Sovereign, Mustang and CJIII aircraft, as well as an Authorized
Embraer Phenom Service Center.

Additionally, the Grand Junction location holds an STC for an RVSM solution for the Learjet 31,
35, 35A, 36 and 36A and is currently pursuing an RVSM solution for Conquest II aircraft.
Acquisition and sales of surplus avionics is through the Hiawatha, Iowa facility.

The Dallas, Texas location specializes in maintenance for Citations, Hawkers, Beechjets, King
Airs and Learjets. It is also a factory authorized Embraer Phenom, Cessna Citation 500-series
and Citation Mustang Service Center.

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