Press Release List

Tuesday, October 15, 2019

StandardAero Signs Multi-Year PW127M Support Agreement with Silver Airways, Launch Customer for the ATR -600 Series in the USA

SCOTTSDALE, Ariz. – October 15, 2019 – StandardAero has recently signed an exclusive long-term contract with Silver Airways for Pratt & Whitney PW127M engine support.  Fort Lauderdale-based Silver Airways is America’s leading independent regional airline. StandardAero will provide Silver Airways with comprehensive engine services in support of the airline’s fleet of brand new ATR -600 regional turboprops, including responsive overhaul-level support from StandardAero’s Summerside, PE, Canada location.  In addition, Silver Airways will benefit from access to StandardAero’s North American network of service centers and mobile repair teams (MRTs). 

StandardAero will also be supporting the airline with engine condition trend monitoring (ECTM) services, which provide proactive real-time engine maintenance recommendations, thereby maximizing the operational availability of Silver’s fleet.   

Silver Airways is the U.S. launch customer for the ATR -600 series, and earlier this year the airline became the first U.S. carrier to take delivery of an ATR 42-600, marking the first time a fully independent U.S. regional flying airline has taken delivery of a new aircraft in many decades.  Silver Airways plans to introduce up to 50 ATR -600 series aircraft, including an initial order for 20 ATR 42-600 aircraft leased from Nordic Aviation Capital. Silver has up-gauged certain deliveries to the larger 70-seat ATR 72-600.  The new ATR -600 series fleet will allow Silver to expand service for travelers on existing routes in Florida and the Southeastern United States, the Bahamas and other islands in the Caribbean. 

Commenting on the agreement, Steve Rossum, Chief Executive Officer of Silver Airways, said:  “We are most pleased to enter into a long-term cooperative engine maintenance partnership with StandardAero, a global world-class repair and overhaul provider that will ensure best-in-class operational performance.”

Roger Ross, President - Airlines & Fleets for StandardAero, added:  “We are delighted that Silver Airways, the U.S. launch operator for the class-leading ATR -600 series, has entrusted StandardAero as its engine support provider for the next 15 years.  Silver is renowned for service excellence.  We are excited to be part of Silver’s success story, and look forward to meeting and exceeding the airline’s expectations for on-time support.”




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 The Carlyle Group (NASDAQ: CG), a global investment firm with deep industry expertise that deploys private capital across four business segments:  Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $216 billion of assets under management as of December 31, 2018, Carlyle’s purpose is to invest wisely and create value on behalf of our investors, portfolio companies and the communities in which we live and invest.  For more information, go to www.standardaero.com.

Silver Airways operates the most routes within Florida and between Florida and the Bahamas from its hubs in Fort Lauderdale, Orlando and Tampa, and also flies between Boston and Bar Harbor, Maine.  Silver is the official airline of the Minor League Baseball team Daytona Tortugas and the Pensacola Blue Wahoos.  In addition, Silver owns and cooperatively operates Seaborne Airlines with flights in Puerto Rico, the Virgin Islands and the Caribbean.  Silver is a codeshare partner with United, JetBlue, American, Delta and Avianca, and has interline agreements with Air Canada, Alaska Airlines, All Nippon Airways, Bahamasair, Hahn Air, Azul and Emirates.  Members of United’s MileagePlus® and JetBlue’s TrueBlue loyalty programs can also earn frequent flyer awards for travel throughout Silver’s network.  Silver operates a fleet of highly-reliable Saab 340 aircraft and is also currently renewing and expanding its fleet with up to 50 new eco-friendly ATR -600s.  Silver is honored to be the North American launch customer for the all new, redesigned ATR -600 offering best-in-class quiet cabins, premium leather seats with more legroom, and spacious overhead bins that accommodate full-size, carry-on roller bags.  Silver is owned by affiliates of Philadelphia-based investment firm Versa Capital Management, LLC.  To learn more about Silver’s refined passenger experience, visit www.silverairways.com/destinations/atr42.

Visit StandardAero at Booth #1243 at ExCel London during MRO Europe on October 15-17 in London, UK.  For more information, go to www.standardaero.com.