Vector Aerospace announces results of Annual and Special Meeting

    TORONTO, May 14 /CNW/ - Vector Aerospace Corporation (the "Corporation")
(TSX: RNO) today announced the results of its Annual and Special Meeting held
at 10:00 am (Toronto time) in Toronto, Ontario.

    At the meeting:

    - Gordon Cummings, Robert J. Deluce, Barry Eccleston, F. Robert Hewett,
      Donald K. Jackson, Declan G. O'Shea, Stephen K. Plummer, Kenneth C.
      Rowe and Colin D. Watson were elected to the board of directors of the
      Corporation to hold office until the next annual meeting of
      shareholders of the Corporation or until their successor is duly
      elected or appointed;
    - Ernst & Young LLP was re-appointed the auditors of the Corporation to
      hold office until the next annual meeting of shareholders of the
      Corporation; and
    - the special resolution approving the continuation of the amended and
      restated shareholder protection rights plan agreement between the
      Corporation and Computershare Investor Services Inc., as rights agent,
      was approved.

    Vector is an industry-leading independent provider of maintenance, repair
and overhaul services for fixed-wing and rotary-wing aircraft operators around
the globe. Through facilities in Canada, the United States and the United
Kingdom it provides services to commercial and military customers for various
types of gas turbine engines, components and helicopter structures. Principal
operations include, Vector Aerospace Helicopter Services-North America, Vector
Aerospace Helicopter Services-UK, Vector Engine Services - Atlantic and Vector
Aerospace Engine Services - UK. Vector has approximately 2,500 employees.

For further information:

For further information: Declan G. O'Shea, President and CEO, Toronto,
Ontario, (416) 640-2121; Randal L. Levine, Senior Vice-President and Chief
Financial Officer, Toronto, Ontario, (416) 640-2120;

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