ExelTech Aerospace announces signing a maintenance agreement with SATA Air Açores

    MONTREAL, Feb. 23 /CNW Telbec/ - ExelTech Aerospace Inc. ("ExelTech
Aerospace", "ExelTech" or the "Company"), (TSX V: XLT), Canada's largest
publicly-listed commercial aircraft maintenance, repair and overhaul
organization, today announced that it has signed an agreement with SATA Air
Açores, the Portuguese regional carrier based in the Azores Archipelago, for
heavy maintenance & modifications on its first two Dash 8-200 aircraft.
    ExelTech won the contract in an international competition against other
MRO providers in North America and Europe. "We are confident that we have
chosen the right supplier "said Pedro Viveiros, Maintenance and Engineering
Director of SATA Air Açores. "ExelTech came highly recommended, bringing a
strong track record on Dash 8 Heavy Maintenance," he added. "These first two
Dash 8s will be incorporated into our operations later this spring, followed
by the first of the Dash 8 Q400s next year; our schedule and quality
requirements demand the highest standards and on-time delivery."
    "ExelTech's organization is thoroughly committed to meeting SATA's
requirements," said Sylvain Duval, ExelTech's Chief Operating Officer. "We are
excited to include SATA, a European customer, among our family of customers,"
added Donald Kamenz, ExelTech's Vice President of Sales and Marketing, "SATA's
organization is very professional and sets a high bar that ExelTech is proud
to meet."

    About Grupo SATA and SATA Air Açores

    Grupo SATA is a holding company comprised of the airlines SATA Air Açores
and SATA Internacional (in addition to two tour operators). It is wholly owned
by the Regional Government of the Azores. SATA Internacional operates a fleet
of seven Airbus aircraft (four A310s and three A320s) to destinations in
Europe and the Americas (both scheduled and charter). SATA Air Açores
currently operates six regional aircraft (five BAE ATPs and one Dornier 228),
to Madeira and the Canary Islands as well as within the Azores. Its turboprop
fleet is planned to be replaced by the Bombardier Dash 8-200 and Bombardier
Q400 aircraft.

    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) and European Aviation Safety Agency
(EASA) 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.
    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 (29,000 square meters) 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 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 Venture: 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.
    %SEDAR: 00020968EF

For further information:

For further information: Donald Kamenz, Vice President, Marketing and
Sales, ExelTech Aerospace, (514) 631-8999 x 5114,

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