Expands Maintenance Contract with Launch Customer Republic Airways
MONTREAL, Sept. 19 /CNW Telbec/ - ExelTech Aerospace Inc. ("ExelTech
Aerospace", "ExelTech" or the "Company"), (TSX-V: XLT), Canada's largest
publicly-listed commercial aircraft maintenance, repair and overhaul
organization, today announced that Republic Airways has become the launch
customer for the Company's new EJET 170/190 heavy maintenance product
ExelTech will perform heavy maintenance, including major structural
inspections and modifications, on up to 15 aircraft operated by Republic's
Shuttle America Airlines and Republic Airlines subsidiary by the end of this
year. All of this work will be performed at the Company's new Montreal
facility, beginning in September 2008.
This new work builds on a relationship established in December 2007, when
ExelTech began weight upgrade modifications and systems upgrades on 15 ERJ 145
"We are happy to expand our relationship with ExelTech" stated Wayne C.
Heller, Executive Vice President & COO, Republic Airways. "Their continued
demonstration of quality of workmanship, cost controls and reduced turn times
have made them an important value added partner to our Company."
According to Donald Kamenz, Vice President, Marketing and Sales, ExelTech
Aerospace, this expanded work and entry into this new product is a significant
move for us; "We trained and acquired tooling for the EJET 170/190 aircraft
types this summer and have now entered into the E170 heavy maintenance market
by winning a launch contract from Republic Airways, one of the most respected
regional carriers in the industry; By adding the E170 and concurrently the
E190 to our portfolio, we now offer maintenance support for the six most
widely utilized regional aircraft types, including the Embraer 145 family; the
Bombardier CRJ regional jet; the ATR; Bombardier Dash 8; and Saab 340
turboprop families. Our new facilities allow us to offer our maintenance
services on up to 16 lines of HMV work."
About Republic Airways
Republic Airways Holdings Inc., based in Indianapolis, Indiana, is a
publicly-listed holding company that owns Chautauqua Airlines, Republic
Airlines and Shuttle America. Together, these airline subsidiaries offer
scheduled passenger service on approximately 1,300 flights daily to 120 cities
in 37 states, Canada, Mexico and Jamaica through airline services agreements
with six major U.S. airlines. All of the airlines' flights are operated under
their partner brands, including American Connection, Continental Express,
Delta Connection, Frontier Airlines, United Express and US Airways Express.
Republic Airways Holdings currently employs approximately 5,000 aviation
professionals and operates 222 aircraft, including regional jets in the
Embraer ERJ145 family and E170 family.
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,
US Federal Aviation Administration (FAA) and European Aviation Safety Agency
(EASA) approvals to maintain a range of aircraft and associated structures,
components and systems. Aircraft models serviced by ExelTech Aerospace include
Embraer ERJ 145 family and EJET 170/190 family, and Bombardier CRJ regional
jets and ATR-42 and 72, Bombardier Dash-8 and Saab 340 regional turboprops and
Boeing 737 narrow bodies.
With 310,000 square feet of hangar, shop and office space in three
facilities at Montreal and Quebec City, and with marketing offices in the US
and Europe, ExelTech Aerospace provides maintenance repair and overhaul
services to airlines in Canada, the US and 24 other countries around the
In the summer of 2008, ExelTech opened a purpose-built 140,000 sq. ft
state-of-the-art maintenance facility at Montreal's Pierre Elliott Trudeau
International Airport where the EJET family will be serviced. It also
converted a former heavy maintenance facility into a dedicated line
maintenance facility servicing domestic and international customers for
Montreal's Trudeau international airport.
To learn more about ExelTech Aerospace Inc. (TSX-V: 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.
For further information:
For further information: Donald Kamenz, Vice President, Marketing and
Sales, ExelTech Aerospace, (514) 631-5114, email@example.com;
Warren Wilkinson, VP Corporate Communications, Republic Airlines Holdings,
Inc., (317) 484-6000, firstname.lastname@example.org