Mathieu Fortin rejoining Board of Directors and Laurent Soustiel
appointed Legal Director and Corporate Secretary
MONTREAL, April 9 /CNW Telbec/ - ExelTech Aerospace Inc. ("ExelTech
Aerospace", "ExelTech" or "the Company") (TSX-V: XLT), a leading aircraft
maintenance, repair and overhaul provider with operations in Montreal and
Quebec City, announced that, after departing more than 18 months ago, Mr.
Mathieu Fortin has rejoined the Board of Directors of the Company. Mr. Fortin
had been a member of the Board from early 2003 until August 2007. "Mathieu
brings a strong grounding in the Company and a solid understanding of the MRO
industry" said Mr. Russell Ray, Chairman of the Board. "We welcome Mathieu and
his keen insight back to the Board". "I'm excited to rejoin a company that
continues to show great signs of improvements", said Mr. Fortin.
Mr. Fortin has served as director on the boards of Americam and Nurun
(Informission Group) as well as his prior experience on the board of ExelTech.
He was a founder and Senior Vice President, Technology at Nurun from 1985
through 2000. Mr. Fortin has a B.Sc. in Biology from the University of
Mr. Fortin has been awarded 200,000 restricted share units, pursuant to
the ExelTech Restricted Share Unit Plan. These RSU's will vest annually in
equal proportions over the next three years, in accordance with the terms of
ExelTech also announced the appointment of Mr. Laurent Soustiel as
Director, Legal Affairs and Corporate Secretary. Mr. Soustiel was previously
Director, Legal Affairs of Mecachrome Canada Inc. He is admitted to the
Barreau du Québec and the Barreau de Paris.
About ExelTech Aerospace
The third-largest commercial airframe Maintenance, Repair, and overhaul
(MRO) vendor in Canada, ExelTech Aerospace is listed on the TSX Venture
Exchange and trades under the symbol XLT. The Company holds Transport Canada,
US Federal Aviation Administration (FAA), European Aviation Safety Agency
(EASA) and Bermuda Department of Civil Aviation (BDCA) approvals to maintain a
range of aircraft and associated structures, components and systems. Aircraft
models serviced by ExelTech Aerospace include Embraer ERJ 145 family and EJet
170/190 family, and Bombardier CRJ regional jets and ATR-42 and 72, Bombardier
Dash-8 and Saab 340 regional turboprops and Boeing 737 narrow bodies. ExelTech
is also a member of the Superjet International Sukhoi MRO Service Centers
In the summer of 2008, ExelTech opened a purpose-built 153,000 square
feet state-of-the-art maintenance facility at Montreal's Pierre Elliott
Trudeau International Airport. It also converted a former heavy maintenance
facility into a dedicated line maintenance facility servicing domestic and
international customers for Montreal's Trudeau International Airport. With
310,000 square feet of hangar, shop and office space in three facilities at
Montreal and Quebec City, and with marketing offices in the US and Europe,
ExelTech Aerospace Inc. provides maintenance repair and overhaul services to
airlines in Canada, the US and 25 other countries around the world.
To learn more about ExelTech Aerospace Inc. (TSX-V: XLT), please visit
our website at www.exeltech-aerospace.com.
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy of this release.
For further information:
For further information: Robin Wohnsigl, Chief Executive Officer,
ExelTech Aerospace Inc., (514) 631-3884, firstname.lastname@example.org