Anaheim, Calif. – Feb. 22, 2009 – Moving past a year since the sale of Standard Aero, Landmark Aviation, Associated Air Center and TSS Aviation to Dubai Aerospace Enterprise (DAE), the new StandardAero has rapidly transformed itself into one of the premier, tip-to-tail maintenance repair and overhaul (MRO) facilities in the world. At this year’s Helicopter Association convention in Anaheim, Calif., StandardAero will be highlighting the accomplishments completed in its first year under DAE ownership, its extensive menu of helicopter MRO capabilities, and will highlight its safety and environmental initiatives.
“Our first year under DAE ownership has been a very busy year indeed,” said StandardAero President and CEO, Rob Mionis. He added: “Our financial performance has been robust and we have made a number of investments this year in the business including a $20 million expansion at our Winnipeg, Canada facility, an engine shop redesign at Los Angeles, a new PW600 test cell in Maryville, Tenn. and new cabinet fabrication and upholstery shops at Associated Air Center in Dallas, Tex. to name a few. These investments and the announcements we will make at the show, highlight our continued efforts to provide an extensive array of MRO products and services with customer service second to none.”
Helicopter MRO sales for 2008 were up four percent over 2007 and are forecasted to increase another four percent in 2009. Helping operators to control costs, StandardAero has frozen prices on engine exchange accessories for the year.
“We enjoy a diverse customer base of military, police, emergency medical system, corporate, energy, airline and utility operators, so the challenges in today’s economy are lessened by a balanced customer portfolio,” said StandardAero, VP Helicopter Services, Tom Roche. He added: “Our customers appreciate the risk-free familiarity of StandardAero and our proven track record for safe, reliable products with a comprehensive warranty. Our people and local service centers are well established and our service, rental pools and exchange inventory are all ready for the spring operations season.”
StandardAero, a Dubai Aerospace Enterprise (DAE) company with $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: DAE is a fast developing global aerospace, manufacturing and services corporation made up of six divisions – DAE Airports, DAE Capital, DAE Engineering, DAE Manufacturing, DAE Services and DAE 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 kilometre 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.
DAE’s shareholders include EMAAR, ISTITHMAR World, Dubai Silicon Oasis (DSO), Dubai International Capital, DIFC Investments LLC, the Government of Dubai and AMLAK Finance.