Fwd: Air Canada Secures USD$60 Million Heavy Maintenance Agreement

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>Air Canada Secures USD$60 Million Heavy Maintenance Agreement
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>     MONTREAL, March 12 /CNW/ - Air Canada today announced that it has secured
>a five-year, USD$60 million agreement for the comprehensive maintenance and
>repair of Atlantic Coast Airlines' fleet of Canadair Regional Jets. The
>contract came into effect February 22, 2002. This agreement comes six months
>after Atlantic Coast Airlines awarded a 16-year USD$285 million contract to
>Air Canada Technical Services for the maintenance and repair of components for
>their Canadair Regional Jet fleet.
>     Maintenance work will be performed at Air Canada's Dorval Maintenance
>Center located at the airline's headquarters in Montreal. Atlantic Coast
>Airlines' CRJ fleet is expected to grow to at least 96 aircraft by the end of
>2003.
>     "This nose-to-tail heavy maintenance agreement with Atlantic Coast
>Airlines is consistent with our business strategy to become a full service
>leader in maintenance repair and overhaul (MRO) for large fleet operators in
>North America," said Robin Wohnsigl, President, Air Canada Technical Services.
>"The additional heavy maintenance program brings us one step closer to
>demonstrating the benefits of the one-stop shop concept for servicing large
>regional jet fleets."
>     Air Canada Technical Services is responsible for the maintenance,
>engineering, repair, supply and purchasing to support Air Canada's mainline
>fleet of more than 220 aircraft, as well as third party technical services, in
>five maintenance categories: airframes, engines, components, line and aircraft
>cabins. Air Canada Technical Services employs approximately 8000 staff in
>Canada, the U.S. and Europe, with four major maintenance base centers located
>in Montreal, Toronto, Winnipeg and Vancouver.
>     Atlantic Coast Airlines serves 64 destinations in the United States and
>Canada with over 760 daily flights. The airline operates in conjunction with
>United Airlines as a United Express carrier out of Washington Dulles and
>Chicago O'Hare, and with Delta Air Lines as a Delta Connection partner with
>flights from New York LaGuardia, Boston and Cincinnati. In addition to the CRJ
>fleet, the company also operates a number of Fairchild Dornier 328JETs as well
>as Jetstream-41 turboprop aircraft.
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