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Ranger Aerospace Launches "AeroDesign" Engineering Unit

October 13, 2008

Irving, TX—October 13, 2008  Ranger Aerospace & Aeronautics, Inc. announced today the launch of a new aerospace engineering business unit, Ranger AeroDesign, to provide comprehensive technical services and adjunct engineering staffing solutions to OEMs, FBOs, prime contractors, and aircraft modification centers in both the fixed-wing and rotary-wing markets. The new subsidiary will operate as an integrated engineering organization within Ranger Aerospace, functioning as an independent business unit and acting as a catalyst for service growth, products and STC development, and competitive advantage. Internally, Ranger AeroDesign will support engineering requirements for Ranger’s current holdings and other companies acquired by Ranger Aerospace.

Ranger AeroDesign will be headed by Mr. Fida Waishek, formerly the Director of Engineering for Heli-Dyne Systems, Inc. and later Heli-One USA. Mr. Waishek is a graduate of the University of Texas at Arlington, obtaining both B.S. and M.S. degrees in Engineering, with over twenty-two years of demonstrated leadership in the design, development and certification of complex aircraft systems and avionics. Waishek’s background includes four-axis autopilot systems, electronic flight instrument systems, radar, sonar and weapon systems, plus a variety of advanced communication, navigation, reconnaissance and sensory equipment for helicopters and fixed-wing aircraft.