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FOR IMMEDIATE RELEASE

Flying Colours Opens New Facility

Peterborough, Ontario – August 30th, 2008 -- Flying Colours, a global leader in aircraft completions and maintenance recently opened the doors to a new 30,000 sq. ft. completion and maintenance facility at its Peterborough, Ontario location. This is in addition to the nearly 100,000 sq ft. of hangar space it has operated at the Peterborough location for over 30 years. This hangar was built for its CRJ Execliner conversion program and other large business jet completions. The facility includes new corporate and maintenance offices, a trendy new customer lounge, a state of the art customer showroom and new shops for avionics and sheet metal employees. Flying Colours is excited to have the additional space as they have 6 Execliner conversion’s at various stages of completion and a green Challenger 850 arriving at the end of September.