Aveos inks over $345 million in Honeywell contracts

    General terms, repair, material and license agreements all part of
    strategic deal with OEM

    MONTREAL, Oct. 9 /CNW Telbec/ - Aveos Fleet Performance Inc., formerly
ACTS, announced today that it has signed four agreements with Honeywell, which
include a general terms agreement, as well as repair, material and license
agreements valued at over $345 million.
    The 5-year exclusive repair agreement for non in-house repaired items
will enable Aveos to offer clients cost effective and efficient repair
solutions. In addition, a 10-year materials agreement provides for the
exclusive supply of Honeywell piece parts and material to support Aveos'
in-house repairs and overhaul of Honeywell components.
    Another 10-year license agreement gives Aveos full access to Honeywell's
technical publications to support the in-house repair and overhaul of
Honeywell equipment across multiple airframe platforms and product groups, as
well as enabling Aveos to operate as an authorized repair facility for
Honeywell equipment.
    "These agreements give Aveos enhanced access to OEM-produced parts and
services at industry- competitive pricing and enable us to support efforts to
deliver industry-leading turnaround times. This will help us continue to
provide our customers with efficient, integrated solutions for today's
competitive marketplace," said Aveos President and CEO, Chahram Bolouri.
    This deal builds on Aveos' strategy to establish alliances with
quality-first partners in an effort to continuously improve its customer

    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 4,700 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: Aveos contact: Daniela Pizzuto, Senior Advisor,
External Communications, (514) 856-6789, daniela.pizzuto@aveos.com

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