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For Immediate Release

Published: June 5, 2014

AVIATION ENTREPRENEURS ROB WHARF A ANNOUNCES FINALIZING THE PURCHASE OF AERO SPORT POWER, PROGRESSIVE AIR SERVICES AND PROAERO ENGINES

New venture will bring all three successful aviation businesses under the

Progressive Air Group of Companies and hasten the introduction of new products and services.

Kamloops, B.C.: Rob Wharf, Owner/President of the Progressive Air Group of Companies announced today that he has finalized the purchase of Aero Sport Power, Progressive Air Services and ProAero Engines from the three companies’ original ownership group.

“Finalizing this purchase is very exciting. We both see great potential in the people and products the three companies offer. I have been the General Manager at Progressive Air since 2012 and to now be an owner/partner of not only that company, but its two sister organizations as well, is truly fulfilling,” Wharf said. “Alvin Hickey and Brian Barron, the original founders of the companies, and their longtime partner George Tetreau, have built an exceptional group of businesses and when they said they would be interested in selling.

Wharf also stressed that Hickey, Barron and Tetreau are going to remain as advisors and continue to provide support and guidance to the Progressive Air Group. “Their experience and knowledge are much too valuable to let slip away,” he said.

“Whether it’s building an experimental engine, supplying needed parts globally to maintainers or overhauling an owner’s certificated aircraft engine, the current management and technical teams at the three companies has already built an exceptionally strong reputation for quality and value,” Collins added. “Customers come to us knowing they are going to benefit from experts with years of experience. Many of our long-time customers have had the same engineers work on their aircraft, or aeronautical products for 15-or more years. That’s not going to change.”

Collins also said that along with finding ways to better integrate the skills already found in the three companies, he and Wharf are looking to expand their current service offerings.

“One immediate change is we will be updating the name of ProAero Engines to ProAero Aviation to better reflect the company’s introduction of new services including on-wing work, non-engine component repairs and NDT (non-destructive testing) services,” he said. “The combination of the talents we already have in the companies will also enable us to more quickly expand into other sectors including airframe MRO (Maintenance, Repair and Overhaul) for both aircraft and helicopters.”

“We look forward to starting the next chapter in the successful, and long-standing history of what are now the Progressive Air Group of Companies,” Collins said. “Much has been done over the past years to implement and achieve the vision of maintaining top quality, in-house products and services. We now look to continue that high level of service to our current and future customers.”