ST. JOHN'S, Dec. 13, 2016

PAL Aerospace Is Pleased with the Contract Award from the Government of Canada to the C295 Team for Canada's Fixed Wing Search and Rescue Aircraft Replacement Program

PAL Aerospace is pleased with the Government of Canada announcement that the Fixed Wing Search and Rescue (FWSAR) Aircraft Replacement Program has been awarded to the C295 team. PAL Aerospace (an EIC company) is partnered with Airbus Defence and Space who were successful in the pursuit of Canada's FWSAR contract.

The Government of Canada has delivered upon its commitment to replace the aging CC-115 Buffalo and the CC-130 Hercules aircraft in an open, transparent and innovative procurement process. The Fixed Wing Search and Rescue contract will include a fleet of new Airbus C295W sensor-equipped aircraft and up to 20 years of In-Service Support.

PAL Aerospace will be responsible for the In-Service Support which covers all aspects of the maintenance work not undertaken by the Royal Canadian Air Force technicians. It will include high value work such as repairs, 2nd and 3rd level maintenance, future modification work and depot level maintenance of the aircraft.

"We are committed to delivering this vital search and rescue capability to Canadians when they need it the most. We are confident that the Government of Canada has chosen the proven, reliable, and low-risk solution," said Brian Chafe, Chief Executive Officer, PAL Group. "We could not be more proud of our team and our partnership with Airbus Defence and Space and we look forward to providing more information on this contract and its economic benefits to Canadians in the days to come," he continued.

The C295 is the market leader in its class with more than 165 aircraft sold worldwide to over 20 operators. It serves a broad range of critical and challenging applications including search and rescue, maritime patrol, air-to-air refuelling, fire-fighting, and troop transport.

"PAL Aerospace is honoured to support the men and women of the Royal Canadian Air Force in their critical search and rescue mandate.  PAL Aerospace and Airbus Defence and Space will provide them with the proven C295 aircraft to support search and rescue missions anytime, anywhere in Canada." said Michael Sangster, Chief Commercial Officer, PAL Aerospace. "This contract will allow us to continue to serve the people of Canada with our solutions while also developing export opportunities for the future of the Canadian economy by working with Airbus Defence and Space and our other partners."

About PAL Aerospace

PAL Aerospace is an international aerospace and defence company with a focus on intelligence, surveillance, and reconnaissance (ISR) solutions. Recognized by governments and militaries for on time/on budget delivery, and high reliability rates, the company has grown globally. This track record of success has led to operations in Canada, the Caribbean, and the Middle East. PAL Aerospace offers a single point of accountability for its programs and takes pride in being the trusted choice for clients worldwide.

SOURCE PAL Aerospace

CONTACT: PAL Aerospace, Amanda Molloy, 709-769-9027, amolloy@provair.com

Web Site: http://www.palaerospace.com/