Press Release

Issued by .

December 19, 2007

Standard Aero, a leading MRO service provider, today announced two new contracts with Lufthansa CityLine for maintenance on auxiliary power units (APUs).  The contracts together are worth USD $9 million.

One contract is a Standard Aero trademarked Total Engine Asset Management (TEAM) program.  The contract is a five-year, pay-by-the-hour agreement for service on Lufthansa CityLine GTCP36-150RJ APUs produced by Honeywell, on the carrier's fleet of CRJ200 aircraft.

The other contract is a 10-year TEAM maintenance cost guarantee program for Lufthansa's Honeywell RE220 APUs on the carrier's Bombardier CRJ900 aircraft.

"Standard Aero is pleased to support Lufthansa CityLine's CRJ aircraft through our trademarked TEAM program, which offers a customized APU maintenance programs," said Ian Smart, Standard Aero Airlines & Fleets Senior Vice President.  "Standard Aero has a strong support network in Europe and we intend to continue to grow our presence in the region."

Lufthansa CityLine operates a fleet of 24 CRJ200 aircraft and 12 CRJ900 aircraft. Furthermore Lufthansa has ordered an additional 15 CRJ900 aircraft.

"Standard Aero provided Lufthansa CityLine with comprehensive cost coverage and guarantees," said Franz-Ulrich Stang, Propulsion Engineering Manager, Lufthansa CityLine.  "With its TEAM programs that build in cost predictability yet flexibility, Standard Aero provides the service and costing we require to operate effectively."

Standard Aero will perform the APU maintenance at its Maryville, Tenn., operation.   Standard Aero is Honeywell authorized on both the RE220 and the CTCP-36-150RJ APUs and processes more than 700 APUs at the operation each year.