Indaer Names Derek Nice as CEO

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Key appointment by technical services company signals launch of aggressive international expansion plan.

We are very pleased to be working with Derek

Indaer, a rapidly-growing supplier of technical consulting services to airlines and aircraft lessors, today announced that Derek Nice will assume the role of Chief Executive Officer. He will lead a team of consultants, aerospace engineers and maintenance technicians supporting airlines and leasing companies from almost two dozen countries in North and South America, Europe and Asia.

Nice, who will be based in Canada, joins Indaer with a strong track record of creating and growing aerospace businesses, most recently ExelTech Aerospace, which he founded in 2000 and built to be a global presence in regional MRO, with 600 employees and more than 100 customers around the world, before retiring in 2008.

"I've been watching Indaer for three years," said Nice. "It's a customer-centric company with superb technical capabilities, a reputation for integrity, and people who share my passion for our industry. Indaer is poised for strong international growth, and I'm proud to be joining the team."

Established in 2002 in Medellin, Colombia, Indaer is best known as one of the largest independent aviation consultancies in the Latin American market, but since 2006 it has been growing its presence in other key regions too.

"We are very pleased to be working with Derek," Said Ivan Jiminez, Chairman of Indaer's Board of Directors. "Indaer is very much an international company now, and Derek's leadership will be critical in the next stage of our growth."

About Indaer:
Industrial Aeronautica, or Indaer, is an employee-owned aerospace technical services company with 45 staff on assignment in Latin America, North America and Europe. The company supports owners and lessors of Boeing, Airbus, Embraer, ATR and Bombardier aircraft by providing start-up and lease transition assistance; MRO planning and oversight; in-service engineering and maintenance planning; and line maintenance services. More information is available at http://www.indaer.com.

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