StandardAero Signs Service Agreement with Russian Regional Carrier, Ak Bars Aero for Fleet Maintenance, Repair and Overhaul

TEMPE, Ariz. – August 23, 2011 – StandardAero announced today that it has signed a service agreement with Russian regional carrier, Ak Bars Aero, for the maintenance, repair and overhaul (MRO) of the fleet’s General Electric CF34-3B1 engines and Honeywell GTCP36-150RJ Auxiliary Power Units (APUs). The engines and APUs power Ak Bars Aero’s fleet of CRJ200 aircraft.

The agreement was signed in July with all engine work being performed at StandardAero’s CF34 engine facility in Winnipeg, Canada, and APU MRO being conducted at the company’s Maryville, Tenn., location.

“Today’s announcement reflects StandardAero’s global growth and recognition as a world-class provider of commercial airline powerplant MRO,” said Jennifer McNeill, acting senior vice president, Airlines and Fleets, StandardAero. “The CRJ200 is becoming an important platform for the Russian regional market and our alliance with one of its main operators is of key strategic importance in fortifying our position in becoming the service provider of choice for carriers in this market.”

Ak Bars Aero formerly Bugulma Aviation Enterprise is part of the Ak Bars Holding Company OJSC. Ak Bars Aero owns a fleet of 16 aircraft consisting of the Yak-40 and CRJ-200’s. In April 2011 Ak Bars Aero, based in the Republic of Tatarstan, received its 7th CRJ200 aircraft. The network includes major cities of Russia such as Moscow, Saint Petersburg, Kazan and Surgut. The airline operates also international scheduled and charter flights.

Ak Bars Aero is the partner airline for the 2013 venue of the All-Russian Rhythmic Gymnastics Tournament to be held in Kazan, Tatarstan.

StandardAero is one of the world’s largest independent providers of services including engine and airframe 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, energy and VIP completions markets. A Dubai Aerospace Enterprise (DAE) company, StandardAero provides a global service network of 12 primary facilities in the U.S., Canada, Europe, Singapore and Australia, along with an additional 14 regionally located service and support locations. The company is celebrating its 100th year of industry leadership in 2011.

Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized aerospace company specializing in maintenance, repair and overhaul (MRO) services, aircraft completions and aircraft leasing. The Company is headquartered in Dubai and operates in four continents and employs over 4,000 people. More information can be found on the company’s web site at www.dubaierospace.com