Precision Aviation Group, Parker Hannifin Reach One-Year MRO Services Agreement

ATLANTA, Oct. 5 /PRNewswire/ -- Precision Aviation Group (PAG), exclusive
provider of ISMRO® (Inventory Supported Maintenance Repair & Overhaul),
announces a maintenance agreement between its subsidiary, Precision
Heliparts-Canada (PHP-C) and Cleveland, OH-based Parker Hannifin.

The one-year contract between Precision Aviation Group and Parker Hannifin
covers support on part numbers for Sikorsky S-76, Bell 206 and 212, and
Eurocopter AS350 rotary-wing aircraft, as well as DeHavilland Dash 7,
Bombardier Dash 8 and Embraer 110 fixed-wing aircraft. Services include
repairs and exchanges of hydraulic components, electronic display systems,
flight controls, fuel pumps and instrumentation.

David Mast, PAG President and CEO, said, "This agreement expands on PAG's
current relationship with Parker Hannifin. Their products are on the aircraft
platforms we support and this partnership will allow us to greatly expand the
number of Parker Hannifin products and services we can offer to our customers.
Building OEM partnerships is critical for our long term success, and we are
proud to have teamed with Parker Hannifin."

Director of Customer Service for Parker Hannifin's Customer Support Operations
Cary Benes said, "Parker Hannifin is pleased to be supporting PHP-C in our
common goal of providing world-class customer support to PHP-C's many
fixed-wing and rotary-wing aircraft customers."

"This MRO Agreement will further our commitment to support both our Rotary and
Fixed Wing customers in every way possible," said PHP Canada's Vice-President
of Business Development Steve Lambert. "I am extremely pleased that Parker
Hannifin has chosen PHP-C to expand their support services in conjunction with
PAG's global customer network."

About Parker Hannifin: With annual sales exceeding $10 billion, Parker
Hannifin is the world's leading diversified manufacturer of motion and control
technologies and systems, providing precision-engineered solutions for a wide
variety of mobile, industrial and aerospace markets. The company employs
approximately 52,000 people in 48 countries around the world. Parker Hannifin
has increased its annual dividends paid to shareholders for 53 consecutive
years, among the top five longest-running dividend-increase records in the S&P
500 index.

About Precision Aviation Group: PAG is a leading provider of products and
value-added services to the worldwide aerospace and defense industry. With
sales/service facilities in the United States and Canada, PAG uses its
distinct business units and customer focused business model to serve aviation
customers through two business functions - Aviation Supply Chain and its
trademarked Inventory Supported Maintenance, Repair and Overhaul - (ISMRO®).

PAG provides parts and MRO services for helicopters and fixed-wing aircraft
through Precision Heliparts (PHP www.heliparts.com) and Precision Avionics &
Instruments (PAI www.precisionavionics.com) in Atlanta, GA and Precision
Heliparts - Canada (PHP-C www.heliparts.ca) and Precision Accessories &
Instruments (PAI-C www.paicanada.ca) in Vancouver, BC. PAG has MRO capability
on 8,500 different products, including accessories, avionics, instruments and
starter generators.

www.precisionaviationgroup.com

SOURCE Precision Aviation Group

Rodney Shumake, PAG Marketing Director, +1-404-768-9090, Fax: +1-404-768-9006,
rshumake@heliparts.com