StandardAero Posts Blistering and Industry-Leading Turn Times for TFE731 Engine Work

Orlando, Fla. – Oct. 19, 2009 – StandardAero, a Dubai Aerospace Enterprise (DAE) company does more TFE731 heavy maintenance work than anyone else in the world; now they are doing it faster too.

Average industry turnaround times for TFE731 Core Zone Inspection (CZI) overhauls are 28 days. At StandardAero’s Houston facility, the average turn time on CZIs and Major Periodic Inspections (MPIs) are consistently tracking at 14 days and six days, respectively. As part of their show participation, StandardAero will be offering exclusive CZI and MPI incentives for contracts signed at the show.

“As a full service, a tip-to-tail provider, StandardAero customers can get their CZI completed in conjunction with an airframe inspection without a return visit, meaning less maintenance downtime and substantial costs savings,” said Rob Mionis, President & CEO, StandardAero. “This capability, along with our world-class turnaround times, is another example of our operational excellence model being implemented across all five StandardAero sectors.”

“Our vision for Business Aviation is to ensure a world class ‘total customer experience’ delivering a level of customer satisfaction second-to-none and serving as the industry benchmark for service quality,” said Scott Taylor, Senior Vice President, Business Aviation for StandardAero. “Getting our customers flying again with minimal downtime reduces costs to our customers, enables maximum asset utilization and provides them with a favorable, quality-driven customer experience. This helps them and it helps us; it is a win-win for both.”

In addition to its TFE731 work, StandardAero is also a volume leader in CF34, AE3007 and PT6 heavy maintenance. Augmenting its diverse and comprehensive line of engine and airframe MRO services, the company, last month celebrated the groundbreaking for its newest facility expansion, an additional 27,000 square feet, to accommodate the recent contract award for maintenance support of the General Electric CFM56 engine.

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 five divisions – DAE Capital, DAE Engineering, DAE Services, DAE Manufacturing and DAE Airports.

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 the Investment Corporation of Dubai, Dubai International Capital, DIFC Investments LLC, EMAAR, ISTITHMAR World, and Dubai Silicon Oasis (DSO).