StandardAero Breaks Ground on New CFM56 Facility


    



    
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<p><location>WINNIPEG</location>, Manitoba, <chron>Sept. 17</chron> /CNW/ -- StandardAero, a DAE Company, today broke ground on an additional 27,000-square-foot expansion at their <location>Winnipeg</location> facility in support of future CFM56 maintenance, repair and overhaul (MRO) work. In June, at the <location>Paris</location> Air Show, StandardAero and WestJet announced an exclusive 12-year OnPoint solution agreement valued at more than <money>$850 million</money> (USD) over the life of the contract with GE Aviation for the MRO of WestJet's fleet of CFM56-7 engines that power their fleet of 79 Boeing Next-Generation 737 aircraft. StandardAero will become a GE Designated FulFillment Center for CFM56-7B engines.</p>
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<p>The 27,000-square-foot expansion to Plant 6 is in addition to 80,000 square feet recently added bringing the total square footage of the building to 162,000 square feet. The building will include a 5,400-square-foot test cell capable of up to 50,000 pounds thrust. Both CF34  and CFM56 work will be completed in this building.</p>
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<p>"Entering the CFM56, large-fan market is a major strategic success in enhancing our product portfolio and solidifying the strength of StandardAero as a comprehensive MRO provider," said Rob Mionis, President and CEO of StandardAero. "The win reflects the quality of StandardAero's reputation in the marketplace and is a testimonial to the confidence both GE and WestJet have in our ability to perform the work with the highest degree of quality, efficiency and cost effectiveness."</p>
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<p>GE and StandardAero have developed a strong relationship over the years. StandardAero was the first independent repair and overhaul company to become an Authorized CF34  Service Provider and provide MRO service for GE's CF34-1, -3 and -8 engines. StandardAero also provides service support for GE's LM1600 marine gas turbine engines.</p>
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<p>StandardAero, a Dubai Aerospace Enterprise (DAE) company with <money>$1.4 billion</money> in annual revenue, specializes in engine maintenance, repair and overhaul, and nose-to-tail services that include airframe, interior refurbishments and paint for business and general aviation, air transport, and military aircraft. The company, part of the DAE Engineering division, forms a global services network of 12 primary facilities in the U.S., <location>Canada</location>, <location>Europe</location>, <location>Singapore</location> and <location>Australia</location>, with an additional 14 regionally located service and support locations.</p>
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    About DAE: www.dubaiaerospace.com

    
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<p>DAE is a fast developing global aerospace, manufacturing and services corporation made up of five divisions - DAE Capital, DAE Engineering, DAE Services, DAE Manufacturing and DAE Airports.</p>
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<p>Headquartered in Dubai, the group is growing through a series of phased developments and acquisitions to become a global player and to produce an integrated aerospace cluster, based at Dubai World Central - the new 140 square kilometre airport and logistics city being constructed in Jebel Ali, Dubai. It is forming international partnerships at the highest level of industry with the aim of establishing one of the most innovative and successful businesses in the global aerospace industry within the next decade.</p>
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<p>DAE's shareholders include the Investment Corporation of Dubai, Dubai International Capital, DIFC Investments LLC, EMAAR, ISTITHMAR World, and Dubai Silicon Oasis (DSO).</p>
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For further information: For further information: Mike Turner, +1-602-705-9620, or Steve Kelley, +1-602-670-7020 Web Site: http://www.standardaero.com

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