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ExelTech Aerospace Inc. ("ExelTech Aerospace", "ExelTech" or the "Company"), (TSX-V: XLT), Canada's largest publicly-listed commercial aircraft maintenance, repair and overhaul organization, today announced that Republic Airways has become the launch customer for the Company's new EJET 170/190 heavy maintenance product offering.
ExelTech will perform heavy maintenance, including major structural inspections and modifications, on up to 15 aircraft operated by Republic's Shuttle America Airlines and Republic Airlines subsidiary by the end of this year. All of this work will be performed at the Company's new Montreal facility, beginning in September 2008.
This new work builds on a relationship established in December 2007, when ExelTech began weight upgrade modifications and systems upgrades on 15 ERJ 145 aircraft.
"We are happy to expand our relationship with ExelTech" stated Wayne C. Heller, Executive Vice President & COO, Republic Airways. "Their continued demonstration of quality of workmanship, cost controls and reduced turn times have made them an important value added partner to our Company."
According to Donald Kamenz, Vice President, Marketing and Sales, ExelTech Aerospace, this expanded work and entry into this new product is a significant move for us; "We trained and acquired tooling for the EJET 170/190 aircraft types this summer and have now entered into the E170 heavy maintenance market by winning a launch contract from Republic Airways, one of the most respected regional carriers in the industry; By adding the E170 and concurrently the E190 to our portfolio, we now offer maintenance support for the six most widely utilized regional aircraft types, including the Embraer 145 family; the Bombardier CRJ regional jet; the ATR; Bombardier Dash 8; and Saab 340 turboprop families. Our new facilities allow us to offer our maintenance services on up to 16 lines of HMV work."
About Republic Airways
Republic Airways Holdings Inc., based in Indianapolis, Indiana, is a publicly-listed holding company that owns Chautauqua Airlines, Republic Airlines and Shuttle America. Together, these airline subsidiaries offer scheduled passenger service on approximately 1,300 flights daily to 120 cities in 37 states, Canada, Mexico and Jamaica through airline services agreements with six major U.S. airlines. All of the airlines' flights are operated under their partner brands, including American Connection, Continental Express, Delta Connection, Frontier Airlines, United Express and US Airways Express. Republic Airways Holdings currently employs approximately 5,000 aviation professionals and operates 222 aircraft, including regional jets in the Embraer ERJ145 family and E170 family.
About ExelTech Aerospace
The third-largest commercial airframe Maintenance, Repair, and overhaul (MRO) vendor in Canada, ExelTech Aerospace is listed on the TSX Venture Exchange and trades under the symbol XLT. The company holds Transport Canada, US Federal Aviation Administration (FAA) and European Aviation Safety Agency (EASA) approvals to maintain a range of aircraft and associated structures, components and systems. Aircraft models serviced by ExelTech Aerospace include Embraer ERJ 145 family and EJET 170/190 family, and Bombardier CRJ regional jets and ATR-42 and 72, Bombardier Dash-8 and Saab 340 regional turboprops and Boeing 737 narrow bodies.
With 310,000 square feet of hangar, shop and office space in three facilities at Montreal and Quebec City, and with marketing offices in the US and Europe, ExelTech Aerospace provides maintenance repair and overhaul services to airlines in Canada, the US and 24 other countries around the world.
In the summer of 2008, ExelTech opened a purpose-built 140,000 sq. ft state-of-the-art maintenance facility at Montreal's Pierre Elliott Trudeau International Airport where the EJET family will be serviced. It also converted a former heavy maintenance facility into a dedicated line maintenance facility servicing domestic and international customers for Montreal's Trudeau international airport.
To learn more about ExelTech Aerospace Inc. (TSX-V: XLT), please visit our website at www.exeltech-aerospace.com.
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy of this release.
%SEDAR: 00020968EF
SOURCE: EXELTECH AEROSPACE INC.
Donald Kamenz, Vice President, Marketing and Sales, ExelTech Aerospace, (514) 631-5114, dkamenz@exeltech-aerospace.com; Warren Wilkinson, VP Corporate Communications, Republic Airlines Holdings, Inc., (317) 484-6000, wwilkinson@rjet.com
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