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AERGO & PEMCO Partnership Inducts First Two Aircraft

Initial B737-400 Conversions Commence in Tampa and China

Dublin, Ireland / Tampa, Florida (February 14, 2013) — PEMCO World Air Services (PEMCO) is pleased to announce the first two aircraft of a 20-aircraft conversion deal between the company and AERGO Cargo Solutions (AERGO) have been inducted – the first aircraft at PEMCO’s Tampa facility and the second at HAECO Group’s STAECO Jinan, China facility.

Both aircraft are 737-400 11-position high yield freighters capable of accommodating a wide variety of containers or pallets (88×125, 108×125, 96×125, military pallet, demi, LD3, AEH, and engine hauling up to 11,000 lbs), plus a smaller hazmat-capable container. Importantly, this configuration is the world’s only 737-400F engineered to comply with forthcoming fire hazard related hazmat regulations which are required to transport these high value, time sensitive goods to market.

Fred Browne, AERGO CEO said, “We are very pleased that the conversion of the first two aircraft is well underway and we have an additional three aircraft lined up for completion by Q2 2013. Our goal is to keep expanding into new markets and provide the best single-source solution for state-of-the-art, fully converted cargo aircraft for markets around the world utilizing PEMCO’s market leading, Boeing-data based B737 products and AERGO’s capital structure, aircraft sourcing, financial aptitude and technical management expertise. We are confident that we will convert half or more of the first 20-aircraft order within the next 12 months.”

PEMCO CEO Bill Meehan noted, “Induction of this first conversion into our state-of-the-art Tampa facility is a crowning achievement, since North American conversions were previously performed in the old Dothan facility, which was dated and archaic. We’re excited about completing the first of many 737 mods already under contract for Tampa.”

Kevin Casey, president of PEMCO added, “The induction of these aircraft is emblematic of the unprecedented single-customer commitment PEMCO and AERGO outlined in Miami in October 2012. This is the beginning of a new era for our company, not only with our partners at AERGO, but on many other nose-to-tail conversion projects under contract for Tampa and at partner HAECO Group facilities (STAECO & TAECO).”

About the 737F Aircraft

The 737-300/400 PTF product has superior operating economics and reliability compared to very inefficient and maintenance intensive alternatives like the MD80 family, 727, and other Jurassic freighters which are increasingly being replaced by PEMCO’s family of advanced 737 freighters, combis and quick change aircraft.

About AERGO Capital

With over 14 (combined executive experience of over 100+ years) years commercial aviation experience, AERGO Capital is a leading commercial aircraft lessor. The Company has its headquarters in Dublin. It also has representative offices in London, Nairobi and Santiago de Chile. As a privately held company, AERGO Capital is in a unique position to make swift decisions and provide its customers with a “full service product” for aircraft asset management. AERGO Capital’s in-depth knowledge and experience of all aspects of the maintenance, repair and overhaul coupled with its leasing of commercial aircraft is driven by its expert in-house teams of industry professionals who work together to maximize value and minimize risk. For more information, please visit www.AERGOgroup.com.

About PEMCO World Air Services

With five decades of tested and proven aircraft support, PEMCO is a major provider of aircraft maintenance and engineered services to commercial air carriers in North America. Additionally, PEMCO has become an undisputed world leader in passenger-to-freighter conversions (second only to Boeing) with 45 customers in 20+ countries; unequalled B737 (95+ B737-300/400s in service) over 1.9 million hours of safe reliable operations; and is Airworthiness Directive free for over a decade. PEMCO is headquartered in Tampa, Florida with partner operations in Asia. PEMCO For more information, please visit www.pemcoair.com or call +1-813-322-9600.

Media Contacts

Patrick Harrison: 727-821-5155 x110

John Sawyer: +1 830-220-9057

Kevin Casey: 813-322-9601

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