Date: 10th May, 2010

Timothy M. Boland Joins Global Aerospace, Inc.

Parsippany, NJ, (May 10, 2010) -  Global Aerospace, Inc. is pleased to announce that Timothy M. Boland has joined the General Aviation team as Vice President of General Aviation Underwriting with effect from the 1st of June 2010. Tim will initially work in Global Aerospace's Parsippany office as a member of the General Aviation Senior Executive team overseeing all aspects of general aviation underwriting.

Tim brings over 13 years of general aviation underwriting experience to Global Aerospace having performed in a wide variety of underwriting and managerial roles during this period. Tim's most recent assignments include Branch Manager, Commercial Lines for AIG; Regional Vice President, Aviation for Travelers Insurance; Underwriter, Airlines for Allianz Insurance Managers.

For further information please contact:

Jeffrey S. Bruno                           
Executive Vice President              
General Aviation Underwriting     
(973) 490-8505                         
jbruno@global-aero.com             

Marilena Sharpell
Senior Vice President
General Aviation Underwriting
(973) 490-8506
msharpell@global-aero.com

LuAnn Centanni
Assistant Vice President
Human Resources
(973) 490-8590
lcentanni@global-aero.com