Standard Aero Signs USD $4 Million Co-Generation Service Agreement with Erfei A.I.E

Winnipeg, Canada — Standard Aero, a Dubai Aerospace Enterprise (DAE) Engineering company, has signed a six-year service agreement with Erfei A.I.E. to provide maintenance support for its co-generation power plant in Tarragona, Spain.

Total value of the contract is USD $4 million over the duration of the agreement.

“This contract represents a comprehensive service solution by Standard Aero Energy, not only for the gas turbine engines, but for the overall power plant,” said Nelson Barrett, Standard Aero Senior Vice President, Services.

The long-term service agreement covers General Electric LM1600 engine services, as well as all hands-on service work and inspections for the complete co-generation power plant.

Work will be performed by Standard Aero Energy, Castellon Spain, and at the Standard Aero LM1600 overhaul facility in Winnipeg, Canada.

Standard Aero Energy, a business unit within Standard Aero, performs complete engine MRO services on the Rolls-Royce 501K engine, General Electric LM1600, and Vericor ETF40B and TF40/50 engines, as well as assembly and test services on all new build Vericor turbines.

Standard Aero Energy offers complete generator package support contracts and upgrades supporting a global network of power generation customers.

Standard Aero provides a broad range of gas turbine repair and overhaul services for the energy and aerospace industries.

Standard Aero and Landmark Aviation, Dubai Aerospace Enterprise (DAE) Engineering companies with $1.3 billion in combined annual revenue, specialize 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. Associated Air Center produces luxury and VIP interiors for transport size aircraft. The companies, part of the DAE Engineering division, form 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.

DAE is a fast developing global aerospace, manufacturing and services corporation made up of six divisions – Airports, Capital, Engineering, Manufacturing, Services and University.

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. 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.

DAE’s shareholders include EMAAR, ISTITHMAR, Dubai Airport Free Zone Authority (DAFZA), Dubai International Capital, DIFC Investments LLC, the Government of Dubai and AMLAK Finance.