Duncan Aviation and Million Air-Provo Sign Hangar Lease Agreement for Provo, Utah, Facility

February 3, 2009

LINCOLN, NEB. —Duncan Aviation and Million Air-Provo have signed a Memorandum of Understanding that will allow Duncan Aviation to lease hangar space from Million Air at the Provo Municipal Airport in Provo, Utah.

"We are thrilled to be able to make this announcement," says Todd Duncan, Chairman of Duncan Aviation. "We want to support customers with a facility in the western part of the United States and have been looking forward to building in beautiful Provo. This lease agreement allows Duncan Aviation to establish a maintenance service presence in Provo by August 2010 without requiring the expense of building a new hangar facility right now.

"It is Duncan Aviation's long-term plan and desire to build a nose-to-tail support facility in Provo," Duncan continues. "We will evaluate the market and the economy on at least a quarterly basis and will begin preparation for a larger expansion as soon as we believe the timing to be correct."

The leased hangar will give Duncan Aviation at least 15,000 feet for the service and support of business jet aircraft. The initial Duncan Aviation team will be able to provide airframe and avionics support and will most likely open with a team of 15 to 20.

"This is an opportunity for our operation to partner with one of the country's premier major repair and overhaul facilities and accelerate their entrance into this market," says Bill Haberstock, CEO of Keystone Aviation, which owns and operates the Million Air-Provo facility. "Since our first look at the Provo environment, we have believed in the potential of the airport. In these economic times, this kind of agreement can keep the growth in place and position both our companies positively for the recovery."

About Duncan Aviation

Duncan Aviation is an aircraft service provider with nearly 2,200 employees supporting the aviation needs of government and business operators and other service providers. Services include major and minor airframe inspections and maintenance, engine services, major retrofits for cabin and cockpit systems in addition to full paint and interior services and aircraft sales and acquisitions. Duncan Aviation also has aircraft components solutions experts available 24 hours a day, seven days a week, at 800.562.6377 or 402.475.4125 who can handle any aircraft system problem with immediate exchanges, rotables, loaners or avionics/instrument/accessory/propeller repairs and overhauls. Complete service facilities are located in Lincoln, Neb., and Battle Creek, Mich. Additional locations include more than 20 satellite avionics and seven Rapid Response facilities strategically located throughout the United States. A third support facility is planned for Provo, Utah. For more information about any of Duncan Aviation's services, contact us at 402.475.2611 or 800.228.4277 or click www.DuncanAviation.aero.

About Million Air-Provo

Million Air-Provo is located at the Provo Airport in Provo, Utah. Million Air-Provo is an FBO subsidiary of Keystone Aviation, LLC, which also operates Million Air-SLC, offering on-demand charter service, aircraft management services, and 280,000 square feet of hangar space at the SLC International Airport. Keystone Aviation, d/b/a Million Air-SLC provides aircraft sales, fuel sales, and maintenance through their FAA Class IV rated repair station. Aircraft parts are available through its subsidiary Intermountain Air. For more information about Million Air-Salt Lake City, contact Tracey Schwarz at 801.359.2085 or visit www.millionairslc.com.

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