StandardAero Signs Overhaul Contract with EuroLOT

TEMPE, Ariz. – Nov. 13, 2009 – StandardAero, a Dubai Aerospace Enterprise (DAE) company, has been awarded a new contract from EuroLOT for the maintenance, repair, and overhaul of Pratt & Whitney PW124B/127 engines. The contract will be carried out over a five-year period with the work being performed at StandardAero’s facilities in Tilburg, The Netherlands and Winnipeg, Canada.

“This contract with the Polish national regional carrier is proof of our commitment to the European market and EuroLOT's confidence in our services,” said Manny Atwal, Vice President, Turboprop Programs for StandardAero’s Airlines & Fleets Sector. “It also underscores our capacity to effectively service PW100-series engines on a global scale and strengthens our reputation as a world-class engine MRO service provider.”

Under the terms of the agreement, StandardAero will offer its Total Engine Asset Management (TEAM™) program to EuroLOT, which includes spare engine, field service and AOG support to help EuroLOT achieve the highest dispatch reliability.

EuroLOT selected StandardAero following an extensive selection procedure where StandardAero showed a consistently high service level. EuroLOT is the operator on the LOT Polish Airlines network. EuroLOT's fleet of ATRs operate passenger and charter flights both domestically and internationally.