Eurocopter Holding acquires nearly all of Vector Aerospace shares


company plans to acquire the remaining shares

Eurocopter Holding and Vector Aerospace Corporation
has announced that all of the terms and conditions of the offer by 7762798
Canada Inc to acquire all of the outstanding Common Shares of Vector Aerospace,
including all shares that may be issued on the exercise of options granted
under Vector Aerospace’s share option plan have been satisfied.

Marwan Lahoud, chief strategy and marketing officer of EADS, said: “We are
pleased that Vector Aerospace will now become part of the EADS Group having
received all the necessary regulatory approvals and achieved the required
shareholder acceptance level. The inclusion of Vector will help EADS achieve
its long-term strategic goals of increasing its services activities and
exposure to the
very important North American aerospace market.”

Lutz Bertling, chief executive officer of Eurocopter, said: “The
acquisition of Vector marks an important step to position Eurocopter as a more
significant global player in the aviation support and services industry. While
Vector will continue to operate as an autonomous company, keeping its
successful brand name, the complementary nature of our respective worldwide
networks will enable us to develop our activities, both faster and more
efficiently-for the benefit of our customers.”

Declan O’Shea, chie executive officer of Vector Aerospace, added:
“Becoming part of Eurocopter and the EADS Group is perhaps the single most
important event in our company’s history as it elevates us into a different
echelon of aviation maintenance, repair and overhaul providers. Through the
association with EADS and Eurocopter we can access additional markets for our
MRO services thanks to being part of one of the world’s most successful
aerospace companies.”