StandardAero Industrialization of CFM56 Engine MRO Moving Forward: Achieving Program Objectives, Certifications and Key Milestones

TEMPE, Ariz. – April 13, 2011– StandardAero announced to today that its Airlines and Fleets business sector in Winnipeg, Canada, is successfully and rapidly gaining forward momentum as a full service maintenance, repair and overhaul (MRO) provider in the CFM56-7B engine market.

In June of 2009, the company was awarded an $850 million engine contract by WestJet and GE Aviation for the maintenance, repair and overhaul of WestJet’s fleet of CFM56-7B engines that power their Boeing Next-Generation 737 aircraft. Since the announcement, StandardAero has completed a 164,000 square feet (15,236 square meter) facility expansion in Winnipeg to accommodate MRO and testing of the large fan CFM56 engine. Further advancements in the company’s industrialization of its CFM56 process include Transport Canada’s authorization to perform full overhaul, repair, modification, and test of GE CFM56-series engines, including components, accessories and related parts in accordance with the current manufacturer recommendations.

“Our recent authorizations from Transport Canada give us the full authority to proceed with our repair, overhaul and test capabilities for CFM56,” said Rob Mionis, President and CEO StandardAero. “It has been a very precise process for us to qualify and now be able to deliver engine repairs for our WestJet customer. We look forward to a long, sustained partnership with WestJet and becoming the global, service center of choice on the CFM56 engine.”

“GE Aviation is impressed with the progress StandardAero has made with its facility expansion at the Winnipeg site for CFM56 MRO work and we look forward to working with them to ensure WestJet receives the highest level of maintenance, repair and overhaul services on its CFM56 fleet,” said Tom Gentile, President and Chief Executive Officer of GE Aviation’s Services organization.

StandardAero is also a Transport Canada Design Approval Organization “DAO” for powerplants. Repairs designs approved under our DAO are accepted by the FAA under the Bilateral Agreement (BASA).

GE and StandardAero have developed a strong relationship over the years. StandardAero was the first independent MRO company to become an Authorized CF34™ Service Provider and provide MRO service on GE’s CF34-1, -3 and –8 engines. StandardAero also provides service support for GE’s LM1600 marine gas turbine engines.

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