Yingling Aviation Acquires Mid-Continent Aviation Services

Yingling Aviation ("Yingling"), a leading, full-service provider of maintenance, repair, and overhaul (MRO) and fixed-base operation (FBO) services to business and general aviation customers throughout the United States, announced that it has acquired Mid-Continent Aviation Services ("MCAS"), a full-service MRO also located at Wichita's Dwight D. Eisenhower National Airport (ICT). Financial terms of the transaction were not disclosed.

Founded in 2010, MCAS provides a wide range of services to business aviation customers, including aircraft MRO, parts, technical assistance, and sales support. With the addition of MCAS, Yingling continues to expand its presence in Wichita while gaining access to MCAS' deep expertise, highly-skilled professionals, and state-of-the-art 80,000+ square foot facility.

"We are very excited to welcome MCAS to the Yingling family and look forward to working with their seasoned group of world-class technicians," said Bob Rasberry, CEO, Yingling Aviation. "By leveraging our collective expertise, we will accelerate our service capabilities and expand operations while continuing to deliver the best-in-class service that our customers expect from us."

"We are excited about our partnership with Yingling," added Dave VanderGriend, Owner, MCAS. "Our adjacent facilities and highly-complementary skills make sense together and will be positive for our customers and people in Wichita."

"By joining forces with Yingling, we are creating a unique business aviation maintenance and service company," added Jill Mitchell, Executive Director at MCAS. "We have made a significant investment in our team and facilities and look forward to leveraging the power of our combined platform."

"MCAS is a key building block of our strategy to create a unique, independent platform of scale providing best-in-class services to the business aviation market," added Jon Nemo, Managing Partner at AE Industrial Partners. "The addition of MCAS underscores our commitment to continuing to grow the business with deep operating and technical expertise and increasing our footprint in a strategic location."

About Yingling Aviation

Yingling is a full-service maintenance, repair, and overhaul (MRO) and fixed-base operations (FBO) business located at Dwight D. Eisenhower airport in Wichita, Kansas. Yingling has extensive capabilities from nose to tail, including avionics, interiors, paint, propellers, and parts sales in support of a diverse range of aftermarket customers and their business and general aviation airframes. Learn more at www.yinglingaviation.com.

About AE Industrial Partners

AE Industrial Partners is a private investment firm with $5.4 billion of assets under management focused on highly-specialized markets including Aerospace, National Security, and Industrial Services. AE Industrial Partners has completed more than 130 investments in market-leading companies that benefit from its deep industry knowledge, operating experience, and network of relationships across the sectors where the firm invests. With a commitment to driving value creation in partnership with the management teams of its portfolio companies, AE Industrial Partners primarily invests across private equity, venture capital (AEI HorizonX), and aerospace leasing. For more information, please visit www.aeroequity.com.