Standard Aero signs Amendment to CF34 MRO Contract with SkyWest Airlines

Winnipeg, MB, April 18, 2006 – Standard Aero, an Authorized CF34™ Service Provider, licensed by GE Engine Services, Inc., announced the signing of an amendment to its exclusive contract with SkyWest Airlines (“SkyWest”) of St. George, Utah to add 44 CF34–8 engines to the program. Standard Aero is now contracted to service all 114 of SkyWest’s engines which power their fleet of CRJ-700 aircraft for United Express. This amendment is expected to add over $200 Million USD to the existing contract and will extend to March 2024.

“This amendment builds on our existing business relationships with SkyWest”, commented Paul Soubry, President of Standard Aero’s Engine Services Division. He added, “We have a long and successful partnership with SkyWest, and this addition speaks to the relationship and trust our organizations have for one another.”

Standard Aero’s CF34 engine maintenance authorization was secured from General Electric in September of 2001 and a dedicated facility was erected and certified by July 2002.

Mike Gibson, Vice President of Maintenance for SkyWest, stated “Together we work with Standard Aero every day to keep our fleet operational and our customers happy. The decision to extend our existing relationship to include the additional CF34-8 engines was a natural one.”

SkyWest Airlines, based in St. George, Utah, is a wholly owned subsidiary of SkyWest, Inc., and operates approximately 1,570 daily departures to 128 cities in the United States and Canada. SkyWest provides service as United Express and as Delta Connection under contractual agreements with United Airlines and Delta Air Lines.

Standard Aero is a world leader in providing aerospace maintenance repair and overhaul services. Standard Aero services Rolls-Royce, Pratt & Whitney Canada, Honeywell, and General Electric engines used in regional airlines, business aviation, military and government aircraft and industrial applications. Standard Aero is a recognized leader in business process redesign and facility transformation in the aviation MRO industry, providing the tools, training and implementation to drive profitable growth and dramatically improve business performance including increased throughput and reduced costs.