StandardAero Signs 10-Year Maintenance Agreement with Pel-Air Aviation for PT6 Engine Support

Tempe, Ariz. – December 13, 2010 – StandardAero announced today that it has signed a 10-year maintenance agreement with Pel-Air Aviation, a wholly owned subsidiary of Regional Express (Rex), Australia’s largest independent regional airline. The maintenance agreement covers Pratt & Whitney PT6A-42 engines on their fleet of King Air B200 aircraft, which will be used to supply fixed-wing air transport to Ambulance Victoria. Included in the agreement is the option for an additional two-year service extension. All work will be conducted at StandardAero facilities in Sydney or Winnipeg, Canada.

“Today’s announcement represents another major contract win for StandardAero in Australia and underscores the strength of our reputation as a quality service provider in the global turboprop market,” said Ian Smart, senior vice president, Airlines & Fleets, StandardAero. “We’re pleased to be Pel-Air Aviation’s service provider of choice and that our selection was predicated on a set of multiple value factors including our reputation, price and service flexibility.”

Pel-Air will receive full maintenance coverage on all of their PT6 engines. They will also receive spare engine support along with guaranteed turn times.

StandardAero, a Dubai Aerospace Enterprise (DAE) company with nearly $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:

Dubai Aerospace Enterprise is building a globally recognized aerospace corporation with operations from aircraft leasing, maintenance, repair and overhaul (MRO), and Aviation IT solutions. It is creating an innovative business that builds on the dynamics of Dubai and continuous growth in aviation.

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 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.