This document and all information and expression contained herein are the property of Honeywell International Inc., are loaned in confidence, and may not, in whole or in part, be used, duplicated, or disclosed for any purpose without prior written permission of Honeywell International Inc. All rights reserved.

TPE331-12JR Cessna Caravan Conversion

Honeywell Proprietary and Confidential. Copyright 2010.

September 2010

This document and all information and expression contained herein are the property of Honeywell International Inc., are loaned in confidence, and may not, in whole or in part, be used, duplicated, or disclosed for any purpose without prior written permission of Honeywell International Inc. All rights reserved.

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Cessna Caravan Comparison

TPE331 Caravan – an Excellent Value Proposition

Grand Caravan

Engine (shp) TBO sfc Max Cr. Spd Range Takeoff

Dist.

PT6A-114A (675 shp) 3,600 hrs .601 175 ktas 915 nm 2,420 ft

TPE331-12JR

(900 shp)7,000 hrs .523 198 ktas 1,000 nm 1,875 ft

13% 13% 9% 23%

TPE Grand Caravan

% Improvement over current baseline

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TPE331 Engines Facts & Features

• Engines delivered over 13,000 engines shipped• Accumulated hours over 115 million hours• IFSD rate .006 per 100,000 hours• Easy to start - automatic start system and manual back up• Easy to operate

- Instantaneous power response (single shaft design)- Single red line system + automatic torque and temperature limiting- Automatic air ignition system- NTS System (auto propeller drag reduction)- Two lever engine control

• Quieter operation (1591 RPM prop speed)• Best in class fuel efficiency (higher pressure ratio)

Ease of Operation and Better Fuel Efficiency

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TPE331-12 for Cessna Caravan

• Based on the TPE331-12JR on the CASA 212 series- 400 aircraft in military and civil operations

• Power section, including the compressor and turbine, is identical to that proven power section used on the TPE331-12UHR regional airline engine- 760 Engines in Service- 12 Million accumulated hours

• Caravan engine has been optimized for takeoff performance over a wide range of hot and high operating conditions

• Proven 1000 SHP gearbox provides substantial margins beyond the Caravan requirement

• Only minor plumbing changes have been made to accommodate the Caravan installation

Proven Engine with Minor Changes for Installation

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TPE331 vs. the PT6A

Faster throttle response – single shaft designBetter fuel efficiencyLower cost of ownership – Conklin & de DeckerLonger maintenance intervals – 5000 hr TBO Part 91 / 7000 hr TBO Part 135Quieter flyover – meets new German Airfield Noise Protection OrderMore power available – up to 950 shpSingle exhaust – on side opposite cargo door; also provides opposite thrust to counter-clockwise propeller rotation in high angle of attack configurationsSimpler to operate – automatic one-button starting, single red line, torque and temperature limitingNo inlet particle separator – less hardware and much less performance penalty in icing conditionsClean installation – access to all LRUs for maintainability – no duct to remove

Texas Turbines independently selected TPE331 vs. PT6A and invested their own money to develop STC

These Are MeasurableAdvantages!

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Low Cost of Ownership

•5 year/2500 hour warranty•Long scheduled maintenance intervals

- 7000 hrs TBO/3500 hrs HSI (Part 121/135)- 5000 hrs TBO/2500 hrs HIS (Part 91)

• Low cost cycle life limited parts•FOD tolerance - dual centrifugal compressor design

•Maintenance Service Plan - Predictable maintenance costs

Significant Advantage versus PT6

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Conklin & de Decker Verifies TPE331 Advantage• “Anecdotally, a commercial operator of the 208B with the 331-12JR conversion

reports that on a typical trip that used to take 2 hours 20 minutes in their stock 208B now can be done in less than two hours. This was done on the same amount of fuel! This operator makes about a dozen of these trips each week: … This one operator had a reduction in hours flown of 18% for no change in the amount of fuel consumed.”

• There is almost a 17% cost reduction in the per nautical mile variable costs of the 208B Grand Caravan when switching from the PT6A-114A to the TPE331-12JR. During an operating year where the aircraft is flown 100,000 NM, this results in cash savings of over $53,000 per year. In revenue operations, this also means the ability to generate additional revenue-miles for the same flight hours.

Financial & Performance Analysis dated March 1, 2010 © Conklin & de Decker

TPE331 Cost-of-Ownership Advantage Benefits

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TPE331-12JR MSP for Caravan Conversions

MSP Term is 5 years

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Caravan Operators Will Like The TPE331

“…the TPE331 continues to reign supreme, topping every category in turboprops.”

“All comments on TPE331 reliability were enthusiastically positive.”

* AIN magazine, October 2009 issue, page 54

TPE331 led PT6 In All Ten Categories – Two Years in a Row!

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Customer Support, Field Service and Sales Directory

“Welcome to the Family”

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Technical Operations Center (800-601-3099)

• State of the art location in Phoenix

• Global operation 24x7

• Customer ticket tracking and ownership

• Knowledge Management Systems

• Intelligent Contact Routing

• Virtual Network with Global coverage

• Monthly call volume exceeding 3000

• Abandoned call rate less than 1.5%

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Engine and Component Assets

Engine Rentals200+ TPE331 Honeywell Engines in Asset Pool

LRU Exchanges – Mechanical & Electrical (SPEX)

~4,000 Honeywell LRUs part numbers

Regional Asset PositioningAuthorized Channel Partner & Dealer Facilities

Honeywell Distribution Centers & Repair & Overhaul Centers Additional Investments as Fleets Grows

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Powered by Honeywell

Roadmap

• Enhanced learning through advanced troubleshooting logic, human factors awareness, and Line MX/R&O feedback

• 8 CAE Instructors on Staff• Training and qualification standards in place

World Class Service

Training Solutions

• Complete instructor staffing• Expand global footprint• Connect field experts with training industry to enhance learning effectiveness

• Net Satisfaction Score (NSS) implementation

Improving Delivery Through Alignment with Training Industry

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TPE331 Honeywell Authorized Channel Partners

Standard Aero Augusta, GA

National Flight Services Toledo, OH

CD Aviation Services Neosho, MO

Intercontinental Jet Tulsa, OK

National Flight Services Lakeland, FL

Eagle Creek Aviation Indianapolis, IN

National Flight Services San Antonio,

TX

Executive Aircraft Maintenance Scottsdale, AZ

Executive Aircraft Maintenance Anchorage, AK

CD Aviation Calgary (Canada)

Aero Air Hillsboro, OR

Winner Aviation Vienna, OH

West Star Aviation Grand Junction, CO

National Flight Services Toronto, (Canada)

Nationwide Coverage for Operators

Major/CAM

Overhaul

Line

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Global TPE331 Channel Partner Locations

MAJOR (16)

LINE (8) • Air Alliance – Germany• Air Plus – Germany• Byerly Aviation – Peoria, IL• Duncan Aviation – Battle Creek, MI

OVERHAUL (7)

Expand as Required to Meet New Demand

• Jet Aviation – Zurich• Jet Ventures – Van Nuys, CA• National Flight Services – Toronto,

Canada• Standard Aero – Springfield, IL

• Aero Air – Portland, OR• Aero Centro de Services - Venezuela• Ag Air Turbines – Boise, ID• Aircraft Service – Argentina• CD Aviation Services – Joplin, MO

and Calgary, Canada• Eagle Creek Services – Indianapolis,

IN• Executive Aircraft Maintenance –

Scottsdale, AZ and Anchorage, AK

• Intercontinental Jet Services –Tulsa, OK

• National Flight Services – San Antonio, TX and Lakeland, FL

• RUAG – Germany• Sigma – Tamworth, Australia• Weststar – Grand Junction, CO• Winner Aviation – Youngstown, OH

• DAO Aviation – Denmark• Execujet – Lanseria, South Africa• National Flight Services – Toledo, OH • ITP - Madrid, Spain

• PTNTP – Bandung, Indonesia• Standard Aero - Augusta• TAE Aviation Services – Adelaide,

Australia

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TPE331 Authorized Channel Partners

Overhaul Channel PartnersMajor Channel Partners Line Channel Partners

Execujet

Strategically Placed to Meet Customer Demand

Std Aero -Augusta

HON -Raunheim

National Flight Services - Toledo

DAO - Denmark

ITP - Madrid

TAE Aviation -Adelaide

PTNTP -Indonesia

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– 45 years of service– 115 Million operating hours – 13,000 + engines produced– 40+ different applications

Tough Proven Efficient – The $mart Choice