Propulsion International Offers Not-To-Exceed Overhaul Pricing

Colorado Springs, CO -- September 12, 2012 — Propulsion International (PI), providers of low cost turbine engine maintenance for Honeywell TPE 331 turboprop engines through its Group Maintenance Plan (GMP), is setting a new standard for engine overhaul pricing by offering an MX Cap Not-to-Exceed price for overhauls. Approved and backed by Honeywell Aerospace, the engines’ manufacturer, Propulsion International can guarantee prices and the highest levels of quality and reliability by collaborating with Honeywell’s worldwide authorized service centers to provide the service.

“We know that there are a lot of facilities that offer a wide range of services for TPE 331 engines, but the quality and pricing of maintenance and overhauls are not consistent. Propulsion International’s GMP takes the uncertainty and concern out of the equation by working only with facilities that are authorized by Honeywell. They employ technicians and mechanics who are current and trained to the manufacturer’s standards, utilize new replacement parts whenever possible, and make it a point to develop and foster ongoing customer relationships,” explained Chad Ahrens, Propulsion International’s chief executive officer. “By acting as the connection between TPE 331 operators and Honeywell authorized service locations, we can confidently assure the aircraft operators that they will pay no more than an agreed-upon price -- which is well below the typical price of time and material (T&M) maintenance -- for their overhauls.

“As an example, PI will guarantee that the overhaul of a TPE 331-10 engine will not exceed $193,500. That’s a significant saving compared to typical competitive prices which range between $210,000 and $230,000 for the same engine model. Early subscribers can lock in 2012 pricing, which matches the rates for commercial operators, and may see that price drop even further, to as low as $173,500,” Ahrens added. MX Cap Not-To-Exceed prices are offered for TPE331-10,-11,-12 and -14 engine models. The pricing is based on a minimum of 75 hours of operation for each engine each year. Enrollment applies to each engine specifically, with plans designed for active or spare engines.

Group Maintenance Plan enrollees benefit from lower costs of operation and reduced risk

“Operators enrolled in the MX Cap program gain immediate savings on their overhauls, and can expect reduced maintenance costs and, more importantly, reduced risks in the future,” Ahrens continued. “Business and regional airline operators can experience ongoing savings of 15 to 20 percent below T&M maintenance cost,” he concluded.

Customers can contact Chad Ahrens at chad.ahrens@propulsioninternational.com for a complimentary analysis of their engines and to see how a Propulsion International GMP solution may benefit their operation.

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