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CTS Engines Open New Engine Service Center

Dépèche transmise le 2 mai 2012 par Business Wire

CTS Engines Open New Engine Service Center

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--CTS Engines, a leading independent engine MRO, announced today the grand opening of its new, state-of-the-art engine service center. The 60,000 square foot building, located next to Fort Lauderdale-Hollywood International Airport, is a full service engine overhaul facility capable of performing the vast majority of all engine repairs in-house.

“There is no better market for us to be located, and we appreciate the business-friendly environment engendered by both the city and state.”

“The opening of our new engine service center signifies a milestone in the long-term development of CTS Engines,” said Brian R. Neff, Chairman and CEO. “With this development, CTS officially enters the ranks of first tier engine MROs worldwide. From a capabilities standpoint, we can now compete on an even playing field with any other MRO anywhere—with the distinct advantages that CTS has always possessed in terms of value, quality, and customer service.”

The provision of engine maintenance to the civil aviation industry, a $19 billion market, is expected to grow by over 5% annually through 2022 as commercial engines increasingly become more complex and fuel efficient. With the opening of the new engine service center, CTS is positioned to reap the benefits of these trends.

The facility includes ten full service engine bays with gantries, full cleaning and FPI capabilities, weld shop, plasma booth, coordinate measuring machine, high speed blade tip grinder, vertical machining center, horizontal and vertical balancing machines, bearing room, and gearbox room. The shop is capable of performing approximately 70% of all repair services in-house, a number commensurate with other full service engine MROs.

Florida is the national capital of the aircraft MRO industry, with 13% of all MROs in the U.S. located in the state. “We are proud to call Fort Lauderdale our home,” said Mr. Neff. “There is no better market for us to be located, and we appreciate the business-friendly environment engendered by both the city and state.”

CTS Engines was formed in 2002 by former managers of Greenwich Air Services, Inc., a well-respected, Miami-based engine MRO acquired by the General Electric Company in 1997. “More than anything, the investment required to build our new engine service center was an investment in the management of CTS, many of whom can trace their lineage back to Greenwich Air Services,” said Mr. Neff. “These men and women are experienced in the provision of engine MRO services to airlines worldwide, and we could not succeed without them.”

The construction of the new facility was part of CTS’s previously announced $25mm capital expansion program. Other directives under this program include the acquisition of additional tooling and machinery, spare engines, and the building of two high thrust engine test stands in Jupiter, Florida.

CTS Engines is a high quality provider of maintenance, repair, and overhaul services to owners and operators of jet engines worldwide. In its world-class, 60,000 square foot engine service center, located in Ft. Lauderdale, Florida, the company offers complete engine overhauls on the CF6-50, CF6-80, CF34-3, and CF34-8 engine. Globally, the company offers outstanding field service support on nearly every major engine platform in operation. Since 2002, CTS Engines has built its reputation on the ability to provide its customers with a better solution for engine maintenance. Please see www.ctsengines.com for more information.

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