CTS Engines Announces New Long-Term Contracts with Nordic Global and Spirit

Agreements Highlight the Company’s Growing Presence in the Engine MRO Market

FORT LAUDERDALE, Fla.--()--CTS Engines, a leading independent engine MRO, announced today that it had signed multi-year engine maintenance service agreements with Finnish cargo carrier Nordic Global Airlines, Ltd. (“NGA”) and Ft. Lauderdale-based Spirit Airlines, Inc. (“Spirit”). The agreement with NGA is a multi-year power-by-the-hour engine overhaul agreement for seven CF6-80C2D1F engines operating on NGA’s fleet of MD-11Fs. Under the contract, CTS is responsible for all off-wing maintenance performed on the contracted engines. The Spirit agreement, also multi-year, encompasses all on-wing engine field service work for Spirit’s fleet of 42 V2500-powered A320s. Additional terms of the deals were not disclosed.

“We are pleased to announce today’s agreements, which validate the long-term value proposition of CTS Engines,” said Brian Neff, CTS’s Chief Executive Officer. “There is a growing recognition within the market that CTS has a better product offering than the sclerotic behemoths that currently dominate the industry—better quality workmanship, better customer service, and better value. The announcements today are signs of things to come.”

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.

Contacts

CTS Engines
Marta Simic, 954-889-0640

Contacts

CTS Engines
Marta Simic, 954-889-0640