StandardAero Signs Support Center Agreement with Mexico’s Monterrey Jet Center

Atlanta, Ga. – Oct. 18, 2010 – StandardAero announced today that it has signed a support center agreement with Monterrey Jet Center in Monterrey, Mexico. The agreement covers the Honeywell TFE731 engine and Honeywell’s 36-100 and 36-150 APUs, and will run through 2012. All work will be performed at StandardAero’s Houston, Texas (IAH) and Augusta, Ga. (AGS) facilities.

“With today’s agreement, StandardAero can offer Monterrey Jet Center customers a one stop shop for MPI, CZI or core repairs – all within a short, one-and-a-half hour flight from Monterrey, Mexico” said Scott Taylor, senior vice president, Business Aviation, StandardAero.

The agreement will help reduce downtime for Monterrey Jet customers. MPI, CZI and core repairs can be completed in a single visit. Customers also receive the benefit of complying with a test cell run on the engine prior to retuning with all leak check, vibration survey and performance margins having been completed.

The agreement was officially signed on September 10, 2010.

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