Scottsdale, Ariz. – September 3, 2015 – StandardAero signed an exclusive, five-year agreement with Air Nostrum Líneas Aéreas del Mediterráneo, S.A., to provide maintenance, repair and overhaul services for Honeywell RE220 APUs on its fleet of more than 20 Bombardier CRJ900/1000 regional aircraft.
This new agreement, signed in July, serves as an extension of a previous two-year exclusive arrangement established between StandardAero and Air Nostrum in 2013. StandardAero is an OEM-approved RE220 APU Authorized Repair Facility and Air Nostrum’s RE220 APUs will be serviced at StandardAero’s Maryville, Tennessee facility.
Air Nostrum is an independent regional airline carrier operating more than 71,000 flights carrying 3.7 million passengers annually. Air Nostrum is one of the largest European regional airlines and also one of the largest CRJ operators in Europe. Air Nostrum services an extensive network of nearly 100 domestic and international routes to more than 50 airports, as well as charter flights.
“We highly value our relationship with Air Nostrum,” said Robert Cords, President of StandardAero Airlines & Fleets. “Signing a new MRO agreement, for an even longer contract period, demonstrates the success of our partnership, our ability to help Air Nostrum to effectively manage maintenance costs and their confidence in the continued services provided by StandardAero.
As part of the agreement, StandardAero will also provide Air Nostrum with additional benefits including: OEM technical support and documentation, full OEM warranty processing, full access to rental bank assets, component repair & LRU capabilities and coordinated repair development with OEM authorization.
StandardAero is one of the world’s largest independent providers of services including engine and airframe maintenance, 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, helicopter, components, energy and VIP completions markets. The company celebrated its 100th year of industry leadership in 2011. In 2015, StandardAero was purchased by Veritas Capital, a leading private equity firm headquartered in New York City. Veritas invests in companies that provide critical products and services to government and commercial customers worldwide including those operating in aerospace & defense, healthcare, technology, national security, communications, energy and education. More information can be found on the company’s web site at www.standardaero.com.