StandardAero Officially Breaks Ground on Turbine-Engine-Overhaul Facility Expansion



    WINNIPEG, Canada, Aug. 7 /CNW/ -- Due to growth in
turbine-engine-overhaul contracts, StandardAero, a DAE Engineering company, is
celebrating the official ground breaking of an 80,000 square foot expansion to
their Winnipeg facilities to accommodate the expected engine throughputs. The
expansion is timed with several large contract wins and the large volume of
engine maintenance associated with those contracts. After securing agreements
with several airlines, the company is now at a stage where additional
production space is required.
    "When we entered the CF34 maintenance, repair and overhaul business seven
years ago, we anticipated the need to expand the facilities at some point in
the future, building it into our business plan," said StandardAero President
and CEO, Paul Soubry. He added: "Our business has now grown to the point where
capacity was becoming an issue. It is a great opportunity for the business and
our employees, as well as the local community."
    At the groundbreaking ceremony, Manitoba Premier Gary Doer announced a
$20 million Manitoba Industrial Opportunities Program repayable loan to
support the facility's construction. Doer noted the expansion will bring new
aerospace jobs to the province, as well as additional training opportunities
which are currently under discussion.
    "The expansion announced today reinforces and solidifies StandardAero's
presence in Manitoba," said Doer. "The aerospace industry is a driving force
in creating highly-skilled, knowledge-based jobs that are critical to our
provincial economy. This will enhance Manitoba's position as a leader in the
highly-specialized area of aircraft manufacturing and maintenance."
    The expansion will also require the addition of new employees. Current
plans call for 60-120 new employees by the end of 2009, with potential for
another 150-200 by 2014. The expanded facility is scheduled for completion by
June 30, 2009.
    StandardAero provides complete maintenance, repair and overhaul on
General Electric CF34-series engines, including both scheduled and unscheduled
maintenance. These engines are used on Bombardier CRJ-100, CRJ-200, CRJ-700
and CRJ-900-series aircraft, as well as the Challenger and Embraer 170s.
Turbine-engine maintenance, repair and overhaul consists of disassembly of the
engines, inspection of the disassembled parts, acquisition and repair of
parts, reassembly of the engines and testing of the completed engine assembly.
    StandardAero, a Dubai Aerospace Enterprise (DAE) company with $1.4
billion 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., Canada, Europe,
Singapore and Australia, with an additional 14 regionally located service and
support locations.
    About DAE: DAE is a fast developing global aerospace, manufacturing and
services corporation made up of six divisions -- Airports, Capital,
Engineering, Manufacturing, Services and University. Headquartered in Dubai,
the group is growing through a series of phased developments and acquisitions
to become a global player and produce an integrated aerospace cluster based at
Dubai World Central -- the new 140 square kilometer airport and logistics
city. 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.
DAE's shareholders include EMAAR, ISTITHMAR, Dubai Airport Free Zone Authority
(DAFZA), Dubai International Capital, DIFC Investments LLC, the Government of
Dubai and AMLAK Finance.




For further information:

For further information: Mike Turner, +1-480-377-3195, or Andrew
Farrant, +1-480-377-3158, both for StandardAero Web Site:
http://www.standardaero.com

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