Winnipeg, Canada – August 7, 2008 — StandardAero has signed two long-term maintenance repair and overhaul agreements with Aerolineas Mesoamericanas (ALMA) in Mexico to support their growing CRJ200 fleet – one for General Electric CF34-3B1® engines, and one for 36-150 auxiliary power unit’s valued in excess of $50 million. These agreements are eight-year (four + four one-year options) programs, with many support elements involved – including spare engines, and technical and program management.
Aerolineas Mesoamericanas is growing rapidly in the Mexican market routinely adding new routes and aircraft to their service. The value of this exclusive maintenance contract will grow as their fleet grows.
“We’re delighted with the position StandardAero is developing in the CF34 market, this deal is just another indication of this market’s recognition of our operational excellence and leadership,” said StandardAero President and CEO, Paul Soubry.
Maintenance work on the General Electric CF34® engines will be done in Winnipeg, Canada and could include everything from on-condition repairs to complete overhauls. The auxiliary power unit work will be completed at StandardAero’s Maryville, Tenn. facility.
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 – 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 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.