Standard Aero signs Long Term CF34 MRO Contract with SkyWest Airlines

Winnipeg, MB, November 12/04 – Standard Aero, an Authorized CF34™ Service Provider, Licensed by GE Engine Services, Inc., today announced the signing of an exclusive contract with SkyWest Airlines of St. George, Utah to service their fleet of CF34-8 engines powering their new CRJ-700 Regional Jets. The engine maintenance deal is worth approximately $300 Million USD for a period of 16 years.

“We take great pride in the trust SkyWest has placed with Standard Aero to manage this program and service their engines”, commented Paul Soubry, President of Standard Aero’s Commercial Services Division. He added, “we have delivered engine Maintenance Repair and Overhaul (MRO) services to SkyWest for many years, this contract is yet another vote of confidence in the people of Standard Aero.”

The CF34 engine is the latest product to be added to Standard Aero’s list of aerospace MRO services. The authorization to provide maintenance for the CF34 was secured from General Electric in September of 2001 and a purpose built facility was erected and certified by July 2002.

Mike Gibson, Vice President of Maintenance for SkyWest stated “SkyWest has enjoyed a very long-term business relationship with Standard Aero and we are pleased to add another engine model to our partnership. Standard Aero was committed to listening to our needs and delivered to us a solution which met our expectations.”

SkyWest Airlines is one of the world’s largest independently owned regional airlines and is a regional partner to three of the world’s largest airlines. SkyWest provides service as United Express in partnership with United Airlines along the West Coast and out of United’s Denver and Chicago hubs. At Salt Lake City and Dallas/Fort Worth, SkyWest operates as Delta Connection under a marketing agreement with Delta Air Lines. In Houston, SkyWest operates as Continental Connection for Continental Airlines.

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