HOUSTON, Texas – February 24, 2008 — StandardAero announced the award of an exclusive contract to provide Rolls-Royce Model 250 engine repair and overhaul services for emergency medical service provider Air Methods. The contract is valued at $15 to $20 million and will run for five years, with the possibility of an extension.
“We very much appreciate and value the trust Air Methods has placed in StandardAero with the award of this contract,” said Tom Roche, Vice President — Helicopter Programs, for StandardAero. “It represents a significant investment and one that we intend to honor with our customary commitment to superior workmanship and customer service.”
Air Methods Corporation is the largest provider of air medical emergency transport services and systems throughout the United States. It currently supports and operates 74 Rolls-Royce Model 250 engines, and operates a fleet of more than 340 helicopters and fixed-wing aircraft in 42 states. Air Methods transports more than 100,000 patients annually who require intensive medical care from either the scene of an accident or general care hospitals to highly skilled trauma centers or tertiary care centers. The company is dedicated exclusively to air medical transport, focusing on the quality of care to patients and safety in aviation operations. Air Methods was established in 1980 and is headquartered in Englewood, CO.
StandardAero and Landmark Aviation, Dubai Aerospace Enterprise (DAE) Engineering companies with $1.3 billion in combined annual revenue, specialize 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. Associated Air Center produces luxury and VIP interiors for transport size aircraft. The companies, part of the DAE Engineering division, form 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: DAE is a fast developing global aerospace, manufacturing and services corporation made up of six divisions – Airports, Capital, Engineering, Manufacturing, Services and University. Headquartered in Dubai, the group is growing through a series of phased developments and acquisitions to become a global player and produce an integrated aerospace cluster based Dubai World Central – the new 140 square kilometer airport and logistics city. 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. DAE’s shareholders include EMAAR, ISTITHMAR, Dubai Airport Free Zone Authority (DAFZA), Dubai International Capital, DIFC Investments LLC, the Government of Dubai and AMLAK Finance.
