Leki Aviation expends Board of Directors

I am pleased and proud to announce today the appointment of Mr. John Staer to our Board of Directors. Mr. Staer brings to the board an unusual blend of international senior executive experience in the areas of Aerospace aftermarket, mergers, acquisitions and finance.

Mr. Staer was Chief Executive Officer of Satair A/S from 1994 to 2013. Satair was formerly a public company listed on the Copenhagen Stock Exchange and is now a wholly owned subsidiary of Airbus SAS. Prior to its acquisition by Airbus in October 2011, Satair was one of the largest independent distributors in the world of engineered products serving primarily the international airline aftermarket and to a lesser degree the aerospace commercial transport OEM markets. As Chief Executive Officer of Satair, Mr. Staer took the company public, completed numerous acquisitions in Europe, Asia and the United States, and significantly expanded Satair’s business, including by opening repair and distribution centers in Singapore and China.

Prior to 1994, Mr. Staer was Chief Financial Officer of Ambu A/S, a publicly traded Danish medical device manufacturer for nine years. During that time, Mr. Staer was responsible for taking the company public and expanding the business around the world. Prior to that Mr. Staer was employed by KPMG in Copenhagen for ten years, primarily serving large public clients, and graduated with a masters in finance from the Copenhagen School of Business.

Mr. Staer serves as a member of the Board of Directors in TransDigm Group Inc. (NYSE) and is furthermore a member of the Board of Directors in Ambu A/S, a manufacturer of medical devices, and DLH A/S a wholesaler of timber. Both are public companies listed on the Copenhagen Stock Exchange.

February 5, 2015

Kim Kroejby
President/CEO
Leki Aviation Group of Companies