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Keystone Helicopter Names New Vice Presidents for Engineering and Completions

WEST CHESTER, Pa.--Feb. 2, 2005--

  Keystone Helicopter, a Leading Rotorcraft Services Provider, Promotes Two Company Veterans and Positions Itself for Continuing Growth  



Keystone Helicopter, an industry leader in helicopter services for 51 years, has appointed Jim Munda Vice President of Engineering and Darrell Jones Vice President of Completions.

Mr. Munda will be responsible for the company's DAS activity, business development and FAR compliance for all modifications, while maintaining communications with the FAA and major OEMs. Prior to his appointment, he was KeyTech's Division Manager of Engineering and DAS Administrator.

Mr. Jones will be responsible for green completions and the company's S-92 program, which has shown dramatic growth in the U.S. and overseas. Prior to his appointment, he was Director of Aircraft Completions, working on the S-76, BK-117 and S-92 final assembly and VIP conversions programs.

Dave Ford, Keystone Helicopter's President, said, "Jim and Darrell bring heavyweight ops experience to their new jobs. They'll drive growth while keeping the focus where it needs to be--on quality, safety and customer satisfaction."

"It's great to see good people move up through the ranks like this," noted Steve Townes, Chairman and CEO of Keystone Ranger Holdings, Keystone Helicopter's parent company. "Their promotions underscore our commitment to both our OEMs and customers."

About Keystone Helicopter

Keystone Helicopter is one of the largest and oldest helicopter services companies in the United States. Founded in 1953, Keystone operates a large technical services depot and completion center near Philadelphia. The firm also operates a large fleet of turbine helicopters in numerous locations across several eastern states, primarily in the air medical mission. Keystone Helicopter is owned by Keystone Ranger Holdings, Inc., a Philadelphia-area private equity investment organization that specializes in aviation-related ventures. Additional information is available online at: www.keystonehelicopter.com and at www.rangeraerospace.com.

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