WEST CHESTER, PA — Keystone Helicopter, an industry leader in helicopter services for 51 years, announced yesterday that the Board of Directors has approved, effective immediately, the promotion of David Ford to President and C.O.O. of Keystone Helicopter. Mr. Ford joined the company in 1996, and held the position of Vice President and General Manager of the Helicopter Services Division until his promotion last October to Senior Vice President – Technical Services. With over 25 years in the rotorcraft and aerospace industries, Ford held senior management and technical positions with Bell Helicopter, Textron Lycoming and B/E Aerospace prior to being recruited to Keystone Helicopter in the mid-1990s. Ford holds a Bachelor’s degree in Aerospace Engineering from Georgia Tech, and a Master’s degree in Industrial Administration from Purdue University. Steve Townes, CEO of Keystone Helicopter and founder of Ranger Aerospace, said: “I am very pleased to make this promotion. David Ford has our full confidence and support. This orderly leadership transition is part of our overall strategy to grow the business.” Keystone Helicopter is one of the largest and oldest helicopter services companies in the United States. Founded in 1953, Keystone operates a large technical services depot and completion center near Philadelphia. The firm also operates a large fleet of turbine helicopters in numerous locations across several eastern states, primarily in the air medical mission. Keystone Helicopter is owned by Keystone Ranger Holdings, Inc., a Philadelphia-area private equity investment organization that specializes in aviation-related ventures. Additional information is available on the Web at www.keystonehelicopter.com and at www.rangeraerospace.com. 

Forward Looking Statements: The Company from time to time may discuss forward-looking information. Except for factual historical information, all forward looking statements are estimates by the Company’s management and are subject to various risks and uncertainties that are beyond the Company’s control and may cause actual results to differ materially from management’s expectations.