2008 Singapore Air Show: ACTS Signs Long-Term CFM56 Materials Agreement with CFM International

February 19, 2008

SINGAPORE February 19, 2008 Air Canada Technical Services (ACTS) and CFM International have signed a landmark 10-year materials agreement that will encompass life-limited and non-life limited parts, as well as component repair and used materials, for the repair and overhaul of CFM56-2, CFM56-3, CFM56-5A, CFM56-5B, and CFM56-5C engines. CFM International (CFM) is a 50/50 joint company between Snecma (Safran Group) and General Electric.

Montral-based ACTS LP, the aircraft maintenance, repair and overhaul subsidiary of ACE Aviation Holdings Inc., is a full-service aircraft maintenance, repair and overhaul (MRO) organization that provides airframe, engine and component maintenance and various ancillary services. Along with its subsidiary, Aeromantenimiento S.A. (Aeroman), ACTS services global customers, including Air Canada, Jazz, Air Transat, Airborne Express, Canadian North, Department of National Defence of Canada, JetBlue, Mexicana, Snecma Services, TACA Airlines, United Airlines and US Airways, and operates major maintenance centers in Canada and El Salvador with a combined workforce of some 4,500 employees.

"We are delighted that an MRO organization of the stature of ACTS has chosen to bring the benefits of genuine CFM parts to its operations and to its customers," said Eric Bachelet, president and CEO of CFM. "This is the largest materials agreement we have signed to date and we look forward to forging a strong bond and a great working relationship with ACTS over the next decade and beyond."

Jamie Jewell



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+1 513.885.2282

jamie.jewell@ge.com

Charles Soret



Mobile:
+33 (0)6.31.60.96.79

charles.soret@safrangroup.com

Perry Bradley



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+1 513 375 2597

perry.bradley@ge.com

Talal Ahmed Almahmood


+973 173 3819


talal.almahmood@gulfair.com