Continental Motors Services Acquires United Turbine and UT Aeroparts Corporation

ContinentalMotors

Fairhope, AL, United States, February 2, 2015Continental Motors Group Ltd., a wholly owned division of AVIC International Holding Corporation, announced today that its MRO subsidiary, Continental Motors Services, Inc. (CMS), located in Fairhope, Alabama added turbine overhaul, repair and sales capabilities to its list of services with the acquisition of United Turbine and UT Aeroparts Corporations of Miami, Florida. The acquisition was completed, including all customary regulatory reviews, on 31 January 2015.

United Turbine has been a leader in Pratt &Whitney PT6 overhaul, repair and parts sales since 1991 and employs 26 full time personnel. United Turbine operates a similar business to Continental Motors Services but for the turbine aircraft market. In particular, United Turbine provides turbine aircraft engine and accessory maintenance, repair and overhaul services for US and international markets from its facilities approximately seven miles northwest of the Miami International Airport in Florida.

“We are very excited to add turbine services to our rapidly growing capabilities and delighted to have team members of United Turbine and UT Aeroparts as part of the team. We believe that United Turbine and UT Aeroparts are the perfect partners to aid Continental Motors in expanding into the turbine market. By combining the skills and capabilities of these companies, we will better serve the needs of the general aviation community,” said Rhett Ross, Vice President, AVIC International and Director, Continental Motors Group.

Gerry Montes, President of United Turbine added, “This is a great opportunity for United Turbine and UT Aeroparts customers to get one-stop shopping for all their aircraft needs backed by an industry leader, Continental Motors. And for our employees, this represents a great growth opportunity with one of the most exciting OEMs in the industry today.”

The acquisition represents a strategic opportunity for the Continental Motors Group to expand its MRO offerings worldwide through the complementary combination of the existing Continental Motors Services and United Turbine businesses. CMS plans to maintain the facility and employees at the Miami location. Specific advantages for customers now include the ability for customers to get engine, avionics and airframe services from one company. Further, with facilities now on or near three long runway airports, CMS can provide these services with ever increasing geographic flexibility for the customer.

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AVIC International Holding Corporation was set up in 1979, with majority shares owned by Aviation Industries of China (AVIC). Headquartered in Beijing, AVIC International delivered over 147 billion RMB in revenue in 2013. The company has over 70,000 employees across 400 subsidiaries and is located in over 50 countries. AVIC International is a well-diversified company, with holdings in International Civil Aviation, Trade & Logistics, Retail & High-end Consumables, Real Estate and Hotel Management, Electronics Manufacturing, and Natural Resource Development. More information can be found at www.avic-intl.cn.

Continental Motors Group, Ltd. of Hong Kong, China is a subsidiary of AVIC International Holding Corporation of Beijing, China. Its mission is to provide advanced gasoline and Jet-A piston engine products, spare parts, engine and aircraft services, avionics equipment and repairs as well as pilot training for the general aviation marketplace. Continental is an international operation employing approximately 450 team members in Mobile and Baldwin counties, Alabama, USA; 200 team members in St. Egidien, Germany; and 8 team members in Beijing, China. More information can be found at www.continentalmotors.aero.

Continental Motors Services, Inc., (CMS), a subsidiary of Continental Motors Group is located in Fairhope and Mobile, Alabama, USA. CMS is a primary source for general aviation services since 1996 and employs 34 full time people. CMS offers a variety of aviation services including overhaul/repair for Continental and Lycoming engines, cylinder overhaul, propeller repair, avionics services, turbine maintenance and repair, business aircraft maintenance services, fuel sales, parts sales and major aircraft repairs.

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