ExelTech inks Caribbean maintenance contracts

5th Jun 2006

ExelTech Aerospace has signed agreements with Caribbean
Star Airlines and Caribbean Sun Airlines to provide outsourced heavy
maintenance services for the sister carriers’ combined fleet of Bombardier
Dash 8 regional turboprop aircraft.Under the initial term of this agreement, ExelTech’s Quebec City
facility will perform airframe structural inspections and interior and
exterior upgrades on eight aircraft. All of this work, with an estimated
value of between Canadian $1.5 and $3 million, will be completed in
ExelTech’s current fiscal year.
  “This contract is significant in a number of ways,” stated Derek Nice,
President and CEO of ExelTech Aerospace. “It follows on a new contract this
year from Curacao-based Dutch Antilles Express and a renewed contract from
Bahamasair, confirming our position as the leading supplier of maintenance
services to the Caribbean region.”
  “Our agreement with Caribbean Star Airlines and Caribbean Sun Airlines
also confirms ExelTech’s emergence as a dominant North American supplier of
Dash 8 maintenance,” added Mr. Nice. “Our growth in the Dash 8 business is
mirroring the growth we’ve seen in the ATR regional turboprop maintenance
market. We are now the largest ATR maintenance supplier in the world.”
  Skip Barnette, president and CEO of Caribbean Star Airlines and
Caribbean Sun Airlines, commented on the agreement, saying: “We’ve had the
pleasure of working with the pros at ExelTech on a project basis in the
past and have always been impressed with their professionalism and ability
to deliver superior results on-schedule and within budget. We’re looking
forward to taking our relationship to a new level and working closely with
them as we continue to grow.”


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