FOR IMMEDIATE RELEASE

Avatas Aerospace Completes Financing

Avatas Aerospace Completes $94 Million Financing Round
Avatas Aerospace (“Avatas”), today announced that it has completed a combined; equity, subordinated debt
and term debt financing round for a combined gross proceeds of $94 million USD. As its exclusive financial
advisor, Avatas retained Lytton Financial Inc., in obtaining subordinated debt provided by TD Capital
Mezzanine Partners (“TD”). In addition to subordinated debt, the Company received Term debt and Bridge
financing provided by a syndicate of senior lenders while equity was lead by Killick Capital Inc. (“Killick”).
In making today’s announcement, Russell Starr, President of Avatas, stated, “This financing support provides
a solid foundation to further develop our strategic growth plans. The closing of this deal indicates that both
Financial Markets are very confident in our Company’s vision and we are delighted to have formed such
solid relationships through this financing process.”
Killick President, Mark Dobbin stated, “Killick is proud to support the world class management team of
Avatas, as their business continues its impressive growth.       I look forward to working with this exciting
entrepreneurial group as they redefine this sector of the support market,” said Dobbin.

About Avatas Aerospace

Avatas is a world class leader in the aviation maintenance, repair and overhaul (“MRO”) industry focused on
providing top-quality customer solutions. The Company is comprised of Avatas Engine Support Services
(“AESS”) and CT Aerospace, LP (“CT Aerospace”).
Through AESS, Avatas is introducing a revolutionary brand of PT6A engine maintenance – ushering in a
new era of freedom, participation and alternatives for the aircraft operator.           Headquartered in the
Dallas/Forth Worth area, AESS is an Independent MRO Company for small gas turbine engines and
components including parts sales and overhaul management. The Company is a full-service, FAA-approved
Repair Station specializing in the PWC PT6A engine series and operates in a 65,000 sq.ft. facility. For more
information on Avatas, please visit www.avatas.com.
Also headquartered in the Dallas/Forth Worth area, CT Aerospace provides a wide variety of products and
services for the aviation industry. CT Aerospace purchases, overhauls (via third-party FAA certified MRO
facilities) and sells new and used aircraft engines and engine parts to a wide variety of customers including
MRO facilities, leasing companies, aircraft operators and other engine parts distributors and dealers
throughout the world. From its 55,000 square foot facility, CT Aerospace offers an extensive inventory of
aircraft engines and engine parts for its customers. Additionally, the Company provides leasing options on
aircraft engines to aircraft operators and MRO facilities. CT Aerospace specializes in the PWC JT15D,
PT6A, PW100, PW3005A; General Electric CF6, CFM International CFM56 and the International Aero
Engines (“IAE”) V2500. For more information on CT Aerospace, please visit www.ctaerospace.com.

About Killick Capital Inc.

Killick is a Private Equity investment firm headquartered in St. John’s, NL; Canada. Killick invests in a
broad range of companies, providing capital for expansion, acquisition financing and restructuring for
primarily two target segments: Atlantic Canadian businesses and Global Aerospace businesses (including
Avatas Aerospace). For more information on Killick Capital Inc., please visit www.killickcapital.com.

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