Press Releases: 2007-09

AeroMechanical Services Ltd. Responds to Aloha Airlines Announcement

April 1, 2008

     /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/

    AeroMechanical Services Ltd.                   TSX-V Trading Symbol "AMA"
    A Tier 2 Industrial Issuer

    CALGARY, April 1 /CNW/ - AeroMechanical Services Ltd. ("AMA") has learned
via a press report on March 20th, 2008 that a customer of AMA, Aloha Airlines
("Aloha"), filed for Chapter 11 bankruptcy protection on March 20th, 2008. A
subsequent press release on March 31st, 2008 announced that Aloha was ceasing
passenger operations after March 31st, 2008 but plans to continue operating
its cargo operations as well as special operations while the U.S. Bankruptcy
Court seeks bids from potential buyers. At present time, AMA has received no
formal documentation or notices from Aloha regarding its relationship with
AMA.
    AMA's financial exposure to this sad turn of events in the airline
industry is difficult to fully determine as the formal plans for the entire
Aloha aircraft fleet are unknown at this time. However, for the fiscal year
2007 gross revenue invoiced to Aloha amounted to 9% of cash based revenue. At
present time, the accounts receivable from Aloha to AMA are considered current
with only the January and February 2008 balances outstanding (a total of
$47,061.03 amount outstanding).
    Bill Tempany, CEO of AMA is quoted as saying "It is sad for everyone at
AMA that Aloha will not presently be continuing its passenger operations.
Aloha has been a great partner during our 4-year relationship. We continue to
appreciate the support of Aloha.
    While Aloha represents a large number of the total aircraft shipped with
AMA (26%), the revenues from Aloha amounted to a small portion of AMA's total
revenues. Aloha had contracted with AMA at lower rates than what we are
currently contacting at as they were AMA's initial launch customer on many
fronts and the agreements originally entered into reflect such conditions."
    As new information is received by AMA on this matter we will update the
public accordingly.

    About AeroMechanical Services Ltd.

    AeroMechanical Services Ltd. provides proprietary technological solutions
and services designed to reduce costs and improve efficiencies in the airline
industry. The company has successfully commercialized three products and
associated services currently marketed to airlines, manufacturers and
maintenance organizations around the world. Its premier technology, afirs(TM)
UpTime(TM), allows airlines to monitor and manage aircraft operations
anywhere, anytime, in real-time.

              afirs, UpTime, FLYHT and aeroQ are Trade Marks of
                         AeroMechanical Services Ltd.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.

    %SEDAR: 00016486E

For further information: on AMS contact: Tom French, CGA, VP Finance & CFO, AeroMechanical Services Ltd, (403) 291-7427, tfrench@amscanada.com; Bob Beaty, The Howard Group Inc., Toll Free: 1-888-221-0915, Info@howardgroupinc.com, www.howardgroupinc.com