Ft. Worth, Texas, March 8, 2022 – GDC Technics, LLC (“GDC” or the “Company”), a global aerospace company with extensive expertise in Engineering & Technical services, Modifications, Electronic Systems, R&D, and MRO services, announced today that Brad Foreman will be retiring as Chief Executive Officer. In connection with this, we are pleased to announce that Phil Bathurst will be taking over Brad’s role as CEO of GDC.

On behalf of the Board, Jonathan Atkeson said, “We are grateful to Brad for his leadership of GDC over the last three years, especially during the last twelve months, and want to extend our thanks for the many contributions he has made along the way. Brad has helped position GDC to execute its strategy to become a world-class widebody MRO and engineering services company with a particular expertise in widebody conversions, maintenance and modifications. We wish Brad the very best in the future.”

Mr. Foreman stated, “The past year has been a challenging time for the Company, but I know that it is well-positioned to move to the next stage of its business plan. Over the past three years, I have been fortunate to work alongside some of the most dedicated and talented people in the MRO and aviation engineering space and I am very proud of what we have accomplished together. At this point, it’s time for me to take a step back and let someone else take the business forward. GDC’s strategy is sound and the Company is poised for great growth.”

Mr. Bathurst said, “I look forward to leading GDC during its next phase and my goal is to see that GDC will be a world-class MRO specializing in widebody maintenance, conversions and modifications. I am particularly excited to have as a strategic partner Mammoth Freighters, whose 777 passenger to freighter conversion program will serve as a strong foundation for our growth going forward. GDC is fortunate to have an experienced senior leadership team and a talented employee group that we expect to grow significantly as we invest more in the business and the people going forward.”

About Phil Bathurst

Phil has over thirty years of Senior Leadership experience at MROs, specializing in operations and business process improvements. Prior to GDC, he has been the CCO at EmpowerMX, which has a global presence in MRO and Airline maintenance and supports the improvements of operations at major airlines and independent MROs. Phil was also COO/GM at Embraer Aircraft Maintenance Services, where he led the turnaround of the Embraer commercial MROs. Earlier in his career, Phil held leadership roles at Aviation Technical Services, Associated Air Center, and TIMCO (HAECO).

About GDC Technics, LLC

GDC Technics, LLC is a global aerospace company with extensive expertise in Engineering & Technical services, Modifications, Electronic Systems, R&D, and MRO services. Located at Alliance Airport in Fort Worth, Texas, GDC has a state-of-the-art facility with 840,000 sq feet and six widebody hangar bays for modification and maintenance work on 777 aircraft.