ExelTech announces Dash 8 maintenance contract with US Airways subsidiary Piedmont Airlines - Contract worth up to $17 million

    MONTREAL, Aug. 30 /CNW Telbec/ - ExelTech Aerospace Inc. ("ExelTech
Aerospace", "ExelTech" or the "Company"), (TSX Venture: XLT), Canada's largest
publicly-listed commercial aircraft maintenance, repair and overhaul
organization, today announced that it has signed a long-term contract to
provide Bombardier Dash 8 regional turboprop aircraft maintenance services for
Piedmont Airlines, which operates as US Airways Express. Piedmont is a
wholly-owned subsidiary of US Airways Group, Inc.(LCC), the sixth largest
airline in the United States.
    Under the exclusive agreement, valued at up to Cdn$ 17 million, ExelTech
will perform major maintenance, including structural inspections and repairs,
in its Dash 8 Heavy Maintenance Facility at Quebec's Jean Lesage International
Airport. The initial term is 30 months, with an option to extend for a further
two years.
    Salisbury, MD-based Piedmont Airlines provides nearly 440 daily
departures to 55 cities throughout the eastern United States and Canada. Its
fleet of 55 Dash 8 Series 100 and 300 aircraft makes it the largest Dash 8
operator in the US, and one of the largest in the world. ExelTech first began
providing maintenance services for Piedmont in April 2006. Under this new
contract, ExelTech commits to provide between one and two lines of continuous
nose-to-tail maintenance until September 2009.
    "We are delighted to be entering a long-term relationship with Piedmont
Airlines," said Bob Csirinyi, Vice President, Program Management, ExelTech
Aerospace. "Piedmont is a well respected regional carrier with high
expectations from its maintenance suppliers. We are pleased that Piedmont is
solidifying its relationship with ExelTech."

    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 repair a wide range of aircraft, structures, components
and electrical and electronic systems. Aircraft models serviced by ExelTech
Aerospace include Bombardier CRJ and Embraer ERJ regional jets; ATR-42 and 72,
Bombardier Dash-8 and Saab 340 regional turboprops; and Boeing narrow-body
    With 230,000 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 provides maintenance repair and overhaul
services to airlines in Canada, the US and 22 other countries around the
    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: Elisabeth Preston, Vice President, Corporate
Affairs, ExelTech Aerospace, (613) 614-4884, epreston@exeltech-aerospace.com;
Terry J. Petrun, Vice President, Shared Services Organization, Piedmont
Airlines, (717) 948-4730, terry_petrun@usairways.com

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