StandardAero Breaks Ground on New CFM56 Facility

WINNIPEG, Manitoba, Sept. 17 /PRNewswire/ -- StandardAero, a DAE Company,
today broke ground on an additional 27,000-square-foot expansion at their
Winnipeg facility in support of future CFM56 maintenance, repair and overhaul
(MRO) work. In June, at the Paris Air Show, StandardAero and WestJet announced
an exclusive 12-year OnPoint solution agreement valued at more than $850
million (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.

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(R) and CFM56 work will be
completed in this building.

"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."

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(R) 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.

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: www.dubaiaerospace.com

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.

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.

DAE's shareholders include the Investment Corporation of Dubai, Dubai
International Capital, DIFC Investments LLC, EMAAR, ISTITHMAR World, and Dubai
Silicon Oasis (DSO).

SOURCE StandardAero

Mike Turner, +1-602-705-9620, or Steve Kelley, +1-602-670-7020