StandardAero Signs Exclusive Maintenance Agreement with Airnorth on Embraer 170 APS2300 APU

TEMPE, Ariz. – October 20, 2010 – StandardAero announced today that it has signed an exclusive maintenance agreement with Australia’s Airnorth, on the Hamilton Sundstrand APS2300 Auxiliary Power Unit (APU). The APS2300 APU is installed on Airnorth’s Embraer 170 aircraft. The agreement is for three years with two consecutive two-year options. Full execution of all options would extend the service agreement through July 2017.

“StandardAero is pleased to be the provider of choice for Airnorth,” said Ian Smart, senior vice president, Airlines & Fleets, StandardAero. “Establishing a maintenance contract helps position us for long-term growth in the region and offers Airnorth a number of benefits, including preferential contract pricing; guaranteed turn times and access to spare APU’s, if required. Today’s announcement provides ‘bottom line’ benefits for both parties.”

This exclusivity agreement adds to the growing number of operators worldwide who have signed similar agreements with StandardAero. Other than original equipment manufacturer, Hamilton Sundstrand, StandardAero is the only authorized repair facility for the APS2300 APU.