STS Component Solutions Acquires First CFM56-7B

Nov. 26, 2012

Palm City, Florida – November 26, 2012 – STS Component Solutions LLC announced today the acquisition of a CFM56-7B Engine.  The engine was previously operated by Austrian Airlines.  STS Component Solutions will have the engine disassembled at a facility in Miami.  Once the components are removed, they will be re-certified and available for sale.  The CFM56-7B Engine is the most popular engine in commercial aviation as it is flown by more than 190 customers.  Nearly 8,400 CFM56-7B engines are in service on 737 aircraft. This engine acquisition further broadens STS Component Solutions’ engine component service offerings.

Tom Covella, Group President of STS Component Solutions, stated “This is a very exciting new opportunity for STS Component Solutions. We have prior experience with this engine model and many of our core customers operate this engine model, thus allowing us to further expand our capabilities.”

About STS Component Solutions, LLC

Based in Palm City, Florida, STS Component Solutions specializes in the global marketing and distribution of OEM Products and services. STS’s specialized and technical approach to the market provides our OEM, Airline and MRO Business Partners with value-added services and solutions focused on creating cost savings opportunities.  STS provides 24/7 global AOG coverage, and stocks inventory at strategic locations worldwide.

About STS Aviation Group

Based in Jensen Beach, Florida, the STS Aviation Group is a diversified company that specializes in support services for the aerospace industry through its four divisions: on-call and scheduled line maintenance through STS Line Maintenance; inventory solutions for airframe and engine components through STS Component Solutions; aerospace specific staffing services through STS AeroStaff Services; and, Engineering Support including 24x7 DER services through STS Engineering Solutions.