ExelTech signs service center agreement with Saab for SAAB 340 aircraft

MONTREAL, Nov. 16 /CNW Telbec/ - ExelTech Aerospace Inc. ("ExelTech" or the "Company") (TSX Venture: XLT), a leading aircraft maintenance, repair and overhaul (MRO) provider with operations in Montreal and Quebec City, announced today having signed a long-term agreement with Saab Aerotech of America LLC of Sterling, Virginia, currently making ExelTech the sole authorized service center in North America for the maintenance of the SAAB 340 aircraft type.

Saab has long sought a reliable source of maintenance for its North American, Latin American and Caribbean operators and has always seen ExelTech as displaying both the technical expertise and service level focus, expected by Saab to properly serve its clients in the region.

"Saab Aerotech is pleased to announce its choice of ExelTech Aerospace of Montreal, as its Saab-authorized service centre in North America. We recognize ExelTech's experience and expertise on the SAAB 340 aircraft, as well as its proximity to one of the largest aviation and aerospace sectors in North America. This makes them a clear choice to represent Saab in the region," said Robert Kline, VP Operations at Saab Aerotech of America in Sterling, Virginia.

"I am pleased that Saab has recognized our expertise and quality through this new agreement that will allow ExelTech to provide a factory approval for heavy maintenance on the SAAB 340 aircraft in North America, Latin America and the Caribbean," said Sylvain Duval, President and Chief Executive Officer at ExelTech.

About Saab

Saab serves the global market with world-leading products, services and solutions ranging from military defense to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers' changing needs. Saab Aerotech is a business unit within the Saab Group.

About ExelTech Aerospace Inc.

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 135-145 family, E-Jet 170/190 family, and Bombardier CRJ regional jets; ATR-42 and 72, Bombardier Dash-8 and Saab 340 regional turboprops; and Boeing 737 narrow bodies.

With 310,000 square feet of hangar, shop and office space in three facilities in Montreal and Quebec City, ExelTech Aerospace Inc. provides maintenance repair and overhaul services to airlines in Canada, the USA 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.

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For further information: For further information: David Diggle, Vice President Marketing & Sales, (514) 631-5114, ddiggle@exeltech-aerospace.com

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