IRVING, Texas- December 5, 2008   Ranger Aerospace & Aeronautics, Inc., a private equity consolidator currently specializing in investments in the rotorcraft services industry, has changed its corporate name for better branding purposes to Ranger Rotorcraft Group, Inc. The company announced this routine change as part of larger plans by Ranger Aerospace LLC to invest in other industry sectors in the coming years under the “Ranger Aerospace” brand.

Steve Townes, CEO and founder of Ranger Aerospace LLC, said: “Our Texas operations are pure-play in the rotorcraft technical services sector. The revised corporate name for that holding company says more accurately what they do. Ranger Aerospace contemplates investments in other non-rotorcraft sectors. The Ranger Aerospace brand is better used to cover a wider range of subsidiaries in the future.” Townes remains the Chairman of Ranger Rotorcraft Group, Inc.

Ranger Aerospace LLC, with offices in Irving TX, is a privately held investment and management holding company that partners with private equity institutions to acquire and grow companies in aviation services and aerospace support operations. Ranger and its co-investors add value to acquired companies via seasoned veterans experienced in aviation services, aerospace programs, engineering, finance, corporate development, MIS, marketing & strategic planning, Total Quality Management, mergers & acquisitions, post-merger integration, and turnarounds.