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Thailand's Nok Airlines Public Company Limited Selects StandardAero For CFM56-7B Engine MRO Support, Renewing Long-Term Relationship

1. StandardAero renews partnership with Nok Air for engine MRO services. 2. The company introduces new facilities at DFW for enhanced service capacity. 3. StandardAero has supported CFM56-7B engines globally since 2010. 4. Nok Air operates a fleet of 14 Boeing 737-800 aircraft. 5. CFM International is a leader in commercial aircraft engines.

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FAQ

Why Bullish?

StandardAero's renewals and expansions enhance operational capacity, suggesting revenue growth potential.

How important is it?

The partnership with Nok Air and new service capabilities directly support SARO's growth in the MRO sector.

Why Long Term?

Sustained partnerships and expansion indicate stable future earnings and customer demand.

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GESAFRROG
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--StandardAero, a leading independent pure-play provider of aerospace engine aftermarket services, has recently renewed its longstanding relationship with Thai low-cost airline Nok Airlines Public Company Limited (“Nok Air”) through the provision of CFM International CFM56-7B turbofan engine maintenance, repair & overhaul (MRO) workscopes in support of the airline’s fleet of Boeing 737-800 narrowbody aircraft. StandardAero, a CFM International authorized CFM56-7B MRO provider, has already inducted two Nok Air CFM56-7B engines at its facility in Winnipeg, MB. Nok Air, which is famous for the bright yellow beaks on its aircraft, operates fourteen Boeing 737-800s, which are used for flights across Thailand, Southeast Asia, East Asia and South Asia. “StandardAero is delighted to renew our partnership with Nok Air by providing the airline with reliable, cost-effective CFM56-7B support,” said Mario Romano, Airline Sales Director for StandardAero’s Airlines & Fleet business unit. “StandardAero previously provided Nok Air with Pratt & Whitney Canada PW150A engine services in support of its former fleet of Dash 8-400 turboprops for many years, and we are therefore very pleased to continue our association on the CFM56-7B platform. StandardAero’s commitment to the highest levels of service quality should ensure that Nok Air is ‘smiling across Asia’ for many years to come!” StandardAero has provided the global CFM56-7B operator community with a comprehensive range of engine services from its Winnipeg location since 2010. In addition to its existing Winnipeg capabilities, StandardAero now also provides CFM56-7B MRO support from its DFW International Airport location in TX, USA, which is seeing strong demand from Boeing 737NG operators and asset owners. These newly introduced capabilities offer operators the confidence and convenience of a second CFM56-7B engine line, enabling StandardAero to accommodate the MRO requirements of its customers around the world while also providing the assurance of test cell capability redundancy. The company provides an extensive range of additional services for the CFM56 family, including component repair and overhaul capabilities through StandardAero’s Component Repair Services (CRS) segment; engine, module and used serviceable material (USM) asset management support through PTS Aviation; and engine health monitoring (EHM) data analysis services. Nok Air is a premium budget carrier under the management of Nok Airlines Public Company Limited. Nok Air remains committed to being the best premium budget airline in Thailand and Southeast Asia, offering high-quality, convenient, and smile-filled services. With a fleet of 14 Boeing 737-800 aircraft, the airline boasts an extensive domestic network in Thailand and international coverage in India and China. CFM International, the 50/50 joint company between GE Aerospace and Safran Aircraft Engines founded in 1974, has redefined international cooperation and helped change the course of commercial aviation. Today, CFM is the world’s leading supplier of commercial aircraft engines with a product line that sets the industry standard for efficiency, reliability, durability, and optimized cost of ownership for narrowbody aircraft. The company produces the LEAP and CFM56 families of engines, and supports LEAP and CFM56 fleets for more than 600 operators worldwide. StandardAero is a leading independent pure-play provider of aerospace engine aftermarket services for fixed- and rotary-wing aircraft, serving the commercial, military and business aviation end markets. StandardAero provides a comprehensive suite of critical, value-added aftermarket solutions, including engine maintenance, repair and overhaul, engine component repair, on-wing and field service support, asset management and engineering solutions. StandardAero is an NYSE listed company under the ticker symbol SARO. For more information about StandardAero, go to www.standardaero.com.

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