Avborne, Inc. Appoints Stephen Henderson as Its Chief Executive Officer.

Business Editors

MIAMI--(BUSINESS WIRE)--Feb. 15, 2002

Avborne, Inc. ("Avborne"), an FAA-certified aviation services company announced today that it has appointed Stephen Henderson as its Chief Executive Officer. Avborne headquartered in Miami, Florida, repairs and overhauls aircraft components and performs heavy maintenance checks on airplanes through its two operating subsidiaries. Its customer base includes passenger, cargo and parcel carriers, parts brokerage firms and OEMs. In addition, Avborne buys and sells aircraft parts and purchases aircraft to disassemble and resell component parts.

Mr. Henderson will be joining Avborne from FLS Aerospace Holdings A/S ("FLS"), Copenhagen, Denmark, where he served as President and Chief Executive Officer. FLS is the largest publicly-traded independent maintenance, repair and overhaul (MRO) company in Europe. During his tenure at FLS, he lead major initiatives including a company wide re-engineering of manufacturing processes, resulting in a 15% improvement in productivity and the integration of multiple acquisitions in order to achieve real cost savings. In addition, Mr. Henderson achieved a major financial turnaround by returning FLS to profitable earnings.

Prior to joining FLS, Mr. Henderson was President at BF Goodrich Aerospace where he led the Component Services Division encompassing Europe and the United States, responsible for all aftermarket sales and services for aircraft components. Prior to BF Goodrich Aerospace, Mr. Henderson held senior management positions with GE Engine Services and Aviall Caledonian Engine Services, Inc. where he was instrumental in refocusing, building and improving aftermarket sales and marketing efforts. He earned his Bachelor of Science in Metallurgy with honors at the University of Strathclyde in Glasgow Scotland.

Earl W. Powell, Avborne's Chairman, commented "Stephen is a seasoned veteran, bringing over thirty years of professional experience in this sector. His extensive accomplishments in the aircraft servicing industry will further expand Avborne's growth as a quality nose-to-tail maintenance provider. We are very fortunate to have attracted Stephen to our company."

Avborne is a portfolio company of Miami-based Trivest Partners, L.P. ("Trivest"). Trivest, a private investment firm, which is a leading provider of equity for middle market corporate acquisitions, recapitalizations and growth capital financings. Since its founding in 1981, Trivest has sponsored more than 115 acquisitions and recapitalizations, totaling approximately $2.0 billion in value. Trivest recently closed its third institutional investment fund, Trivest Fund III, with $316.1 million in total commitments. For more information, please visit www.trivest.com and www.avborne.com.