Aveos and Air Canada extend engine repair agreement until 2018

    MONTREAL, Jan. 13 /CNW Telbec/ - Aveos Fleet Performance Inc., formerly
ACTS, is pleased to announce that Aveos and Air Canada have agreed to extend
the maintenance services agreement for the CFM56-5A and 5B engines - the
carrier's largest engine family - through to the end of 2018.
    "Aveos is proud to continue its strong partnership with Air Canada. The
extended agreement offers Air Canada a customized, flexible maintenance
program with advantageous fixed price guarantees. It is a great example of the
value-added offering we bring to our customers," said Danny Di Perna, Senior
Vice President, Operations.
    Alan Butterfield, Vice President, Maintenance and Engineering at Air
Canada commented that "this agreement with Aveos is beneficial to Air Canada
since it extends our relationship with Aveos, an engine maintenance provider
with great knowledge and an excellent track record on CFM56 engine overhaul
and repair; and provides added flexibility to manage our costs."
    Aveos upholds the highest standards in quality and boasts one of the
industry's highest first-time pass rates and engine gas temperature margins.
"We are able to bring our customers cost-effective solutions and offer
competitive value due to our technical knowledge and our strong relationships
with GE and CFM, with whom we have long-term material and repair agreements
giving us enhanced access to OEM-produced parts and services at
industry-competitive pricing," continued Di Perna. "Our focus is on providing
our customers with great quality products and services at competitive prices."
    Terms and conditions of the agreement remain confidential.

    About Aveos

    Aveos is a full-service maintenance, repair and overhaul (MRO) provider
of airframe, engine, component and maintenance solutions. From maintenance
facilities across Canada and in El Salvador, we provide integrated service
solutions to over 100 customers, while focusing on building a robust network
of strategic alliances. Approximately 4,500 employees remain committed to a
tradition of providing world-class quality and expertise to customers across
the Americas. To learn more, visit aveos.com.

For further information:

For further information: Michael Kuhn, Director, Communications, (514)
856-6714, michael.kuhn@aveos.com

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