TEMPE, Ariz. – March 19, 2013 – StandardAero announced that its Components business in Cincinnati, Ohio has been designated and received its activation and approval as a Foreign Trade Zone (FTZ). Foreign Trade Zones are designated sites approved by the Foreign Trade Zone Board where imported goods can be stored or processed with duty-free treatment on items that are re-exported or where duty payment can be deferred.
“StandardAero Components is working to ensure its customers are provided with a world class customer experience,” said Rick Stine, Senior Vice President, Components, StandardAero. “Receiving FTZ designation is a great step towards achieving this goal as it will expedite cycle times and reduce costs associated with import duties and customs fees.”
StandardAero’s continuous improvement efforts extend outside of our internal repair operations as we seek to improve the overall customer experience. Benefits include a streamlined customs clearance process for international repair orders that will improve transit time to the facility as well as decrease import duties, fees and brokerage fees.
StandardAero Components is an OEM-aligned provider of component repair and overhaul services for the U.S. military and commercial aviation industry. Located in Cincinnati, Ohio, StandardAero Components is a state-of-the-art gas turbine parts, LRU and airframe repair and engineering facility offering full tool design and fabrication capabilities, components part restoration and a comprehensive suite of welding techniques and NDT capabilities. StandardAero Components holds FAA, EASA, Indonesia’s Directorate General of Civil Aviation and CAAC 145 certifications across a broad range of platforms, including CFM56, CF6, CF34, GE90, V2500, PW4000, a variety of Honeywell APU and propulsion engines and industrial LM2500, LM5000, LM6000 models. StandardAero Components master craftsmanship, high quality and on time delivery provides customers with a one-stop service partner for component repair and development.