| Tempe, Ariz. – October 20, 2010 – StandardAero announced today that it has signed an exclusive maintenance agreement with Australia’s Airnorth, on the Hamilton Sundstrand APS2300 Auxiliary Power Unit (APU). The APS2300 APU is installed on Airnorth’s Embraer 170 aircraft. The agreement is for three years with two consecutive two-year options. Full execution of all options would extend the service agreement through July 2017. “StandardAero is pleased to be the provider of choice for Airnorth,” said Ian Smart, senior vice president, Airlines & Fleets, StandardAero. “Establishing a maintenance contract helps position us for long-term growth in the region and offers Airnorth a number of benefits, including preferential contract pricing; guaranteed turn times and access to spare APU’s, if required. Today’s announcement provides ‘bottom line’ benefits for both parties.” This exclusivity agreement adds to the growing number of operators worldwide who have signed similar agreements with StandardAero. Other than original equipment manufacturer, Hamilton Sundstrand, StandardAero is the only authorized repair facility for the APS2300 APU. StandardAero, a Dubai Aerospace Enterprise (DAE) company with nearly $1.4 billion in annual revenue, specializes in engine maintenance, repair and overhaul, and nose-to-tail services that include airframe, interior refurbishments and paint for business and general aviation, air transport, and military aircraft. The company, part of the DAE Engineering division, forms a global services network of 12 primary facilities in the U.S., Canada, Europe, Singapore and Australia, with an additional 14 regionally located service and support locations. About DAE: www.dubaiaerospace.com Dubai Aerospace Enterprise is building a globally recognized aerospace corporation with operations from aircraft leasing, maintenance, repair and overhaul (MRO), and Aviation IT solutions. It is creating an innovative business that builds on the dynamics of Dubai and continuous growth in aviation. Headquartered in Dubai, the group is growing through a series of phased developments and acquisitions to become a global player and to produce an integrated aerospace cluster, based at Dubai World Central – the new 140 square kilometer airport and logistics city being constructed in Jebel Ali, Dubai. It is forming international partnerships at the highest level of industry with the aim of establishing one of the most innovative and successful businesses in the global aerospace industry within the next decade. |