StandardAero Extends Long-Standing Relationship with Vietnam Airlines Through New Multi-Year PW127M Engine Support Agreement

SCOTTSDALE, Ariz. - June 7, 2021 - Vietnam Airlines, the national flag carrier of Vietnam, has awarded StandardAero a new contract for the support for the Pratt & Whitney Canada PW127M engines powering its fleet of ATR 72-500 regional turboprops. StandardAero will support the airline from its OEM-authorized PW100 Designated Overhaul Facility (DOF) in Gonesse, France.

This new contract award extends the long-standing relationship between the two companies. StandardAero has supported Vietnam Airlines' PW127M engine fleet from its Gonesse facility since 2013, providing a range of services including overhauls, hot section inspections (HSIs) and engine repairs.

Commenting on the agreement for Vietnam Airlines, Tran Ngoc Tu said: 'Vietnam Airlines is pleased to continue the partnership with our trusted and long-term partner StandardAero. As the national flag carrier of Vietnam, we are focused on recovery, growth and future expansion, and it is especially important for us to be able to rely on dependable service partners such as StandardAero.'

'We are truly appreciative of Vietnam Airline's decision to continue utilizing StandardAero as its PW127M service provider of choice,' commented Lewis Prebble, President of Airlines and Fleets for StandardAero. 'We are delighted to continue our close relationship with the airline, and to continue contributing to VNA's continuing success through industry-leading support.'

Vietnam Airlines - a member of SkyTeam Alliance - is the flag carrier of Vietnam and the major carrier in the South East Asia, serving 22 domestic and 33 international destinations. Vietnam Airlines has spearheaded Vietnam's aviation market - one of the fastest-growing domestic markets in the world - throughout 20 years of development at a double-digit annual growth rate. Positioning itself as a modern carrier with an internationally recognizable brand characterized by Vietnamese traditional culture, Vietnam Airlines aims to achieve 5-star status and become a major airline in Asia.

StandardAero is a Designated Overhaul Facility (DOF) for the P&WC PW100 family, with overhaul facility locations in Summerside, PE, Canada and Gonesse, France, supported by five service center locations across the Americas, Europe, Africa and Asia. With more than 25 years of reliable turboprop MRO experience, the company provides engine support options and recommendations that are tailored to operators' specific needs. StandardAero's service offering on the PW100 family also includes engine condition trend monitoring (ECTM) services, as a CAMP Systems Designated Analysis Center (DAC).

StandardAero is one of the world's largest independent providers of services including engine and airframe maintenance, repair and overhaul, engine component repair, engineering services, interior completions and paint applications. StandardAero serves a diverse array of customers in business and general aviation, airline, military, helicopter, components and energy markets. StandardAero is owned by global investment firm The Carlyle Group. For more information about StandardAero, go to www.standardaero.com.

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