Avioserv San Diego, Inc. Appoints New Executive

SAN DIEGO — March 11, 2013 —Avioserv San Diego, Inc., (“Avioserv”) a leading aerospace entity focused on the sales, trading, consignment and leasing of commercial jet engines, and aircraft and engine parts, announced today the promotion of Timothy Veit to Chief Operating Officer. Veit brings more than a decade of industry experience in the areas of operations and sourcing, and he will be working closely with CEO David Leblanc and EVP of Corporate Development, Cameron Burr, in growing Avioserv and executing on its strategic plan.

“We are excited to support Tim’s promotion to Chief Operating Officer” said Mark Sampson, Chairman of Avioserv and Managing Partner of Vintage Fund Management. “His industry knowledge, demonstrated leadership skills and strategic vision will help Avioserv to continue to grow and prosper.”

Prior to his promotion, Veit was Senior Vice President of Sourcing and Operations at Avioserv.

Avioserv was founded in 1994 as Willis Aeronautical Services, Inc., (WASI). It was acquired by SR Technics in 2000, and renamed Avioserv San Diego, Inc. in 2001. Since 2001, Avioserv has transitioned from a parts broker to a preferred supplier of serviceable lease engines and engine parts for airlines, airline shops, MROs and other part vendors worldwide. In March 2007, Avioserv was acquired by Vintage Fund Management, a private equity firm based in Los Angeles, California.