MONTREAL, April 5 /PRNewswire-FirstCall/ - ExelTech Aerospace Inc.("ExelTech Aerospace" or the "Company"), (TSX Venture: XLT), Canada's largest publicly listed commercial aircraft maintenance, repair and overhaul organization, today announced that it has signed a General Terms Agreement with its first Mexican customer. Aerolineas MesoAmericanas de Mexico (Alma de Mexico), a rapidly growing regional airline headquartered in Guadalajara, is contracting ExelTech Aerospace to perform heavy maintenance on its Bombardier CRJ-200 aircraft.
Under this agreement, the Montreal-based aircraft maintenance, repair and overhaul company will perform this work at its Montreal Regional Jet Maintenance Facility at Pierre Elliott Trudeau International Airport.
"All of us on the ExelTech team are excited about this opportunity to demonstrate our expertise and commitment to customer service," said Donald Kamenz, Vice President, Marketing and Sales, ExelTech Aerospace. "We will provide Alma with the turnaround times, quality and value that are critical to Alma's success as a fast-growing airline in a highly competitive market."
"We are very pleased that we discovered ExelTech Aerospace. They have a proven track record of providing regional jet operators with the level of quality, service and commitment that we demand," said Mike Dornenburg, Vice-President, Technical Operations. "We look forward to developing a longterm relationship with ExelTech Aerospace."
ExelTech Aerospace entered the Bombardier CRJ MRO market in April 2005. In the two years since then, ExelTech's CRJ customer base has grown to include ten airlines, leasing companies and service providers.
About Alma de Mexico
AeroLineas MesoAmericanas, known as "Alma de Mexico," received its AOC certificate in September 2005 and began operations in June 2006 with an inaugural flight linking Guadalajara and Puebla. The initial fleet of six Bombardier CRJs will grow to 22 when Alma has taken delivery of all aircraft currently on order, when the airline will be operating on a network linking 21 cities within Mexico at the end of 2007. Future plans call for a fleet of 35 aircraft and the launch of international services to the U.S. and the Caribbean, within the next five years.
About ExelTech Aerospace
The third-largest commercial airframe Maintenance, Repair, and Overhaul (MRO) vendor in Canada, ExelTech Aerospace is listed on the TSX Venture Exchange and trades under the symbol XLT. The company holds Transport Canada, U.S. Federal Aviation Administration (FAA) and European Aviation Safety Agency(EASA) approvals to repair a wide range of aircraft, structures, components and electrical and electronic systems. Aircraft models serviced by ExelTech Aerospace include Bombardier CRJ and Embraer ERJ regional jets; ATR-42 and 72, Bombardier Dash-8 and Saab 340 regional turboprops; and Boeing 737, 757; and MD-80 narrow-body airliners.
With 230,000 square feet of hangar, shop and office space in three facilities at Montreal and Quebec City, and with marketing offices in the U.S. and Europe, ExelTech Aerospace provides maintenance repair and overhaul services to airlines in Canada, the U.S. and 21 other countries around the world.
To learn more about ExelTech Aerospace Inc. (TSX Venture: XLT), please visit our website at www.exeltech-aerospace.com.
The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy of this release.
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ExelTech Aerospace announced it has signed contract to provide Bombardier CRJ regional jet maintenance services for Air Wisconsin.
Under the exclusive agreement, valued at up to Cdn$17 million, ExelTech will perform major maintenance, including structural inspections and repairs.