StandardAero Business Signs TFE731 Rental Bank Agreement with Honeywell

Las Vegas, Nev. – October 10, 2011 – StandardAero Business Aviation announced today that it has entered into an exclusive agreement with Honeywell for shop level-maintenance of TFE731 Rental Bank engines. The first rental bank engine was recently received at StandardAero’s Los Angeles (LAX) facility.

Once part of Garrett Aviation Services, StandardAero Business Aviation has extensive history and experience maintaining the TFE731 engine and is a demonstrated leader in conducting quality service and overhauls on the TFE731.

“By maintaining a bank of rental engines, our customers are assured that their downtime will be kept to a minimum and their costs the lowest possible,” said Scott Taylor, Senior Vice President, Business Aviation, StandardAero. “Our world class turnaround time increases asset availability and improves rental asset efficiency and availability for our customers.”

To enable efficient asset management, the company provides four maintenance locations in Houston, Texas (IAH), Los Angeles (LAX), Springfield, Ill. (SPI) and Augusta, Ga. (AGS).

StandardAero will be exhibiting at the 64th Annual National Business Aviation Association (NBAA) Convention and Expo on Oct. 10–12, 2011, in Las Vegas, Nev., (Booth N6116).

StandardAero is one of the world’s largest independent providers of services including engine and airframe repair and overhaul, engine component repair, engineering services, interior completions and paint applications. StandardAero serves a diverse array of customers in business and general aviation, airline, military, energy and VIP completions markets. A Dubai Aerospace Enterprise (DAE) company, StandardAero provides a global service network of 12 primary facilities in the U.S., Canada, Europe, Singapore and Australia, along with an additional 14 regionally located service and support locations. The company is celebrating its 100th year of industry leadership in 2011.

Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized aerospace company specializing in maintenance, repair and overhaul (MRO) services, aircraft completions and aircraft leasing. The Company is headquartered in Dubai and operates in four continents and employs over 4,000 people. More information can be found on the company’s web site at