Press release

TS&SSignsMaintenance Agreement with Dubai Aerospace Enterprise

Partnership is theengine MRO service provider’s first contract with DAE

Abu Dhabi, UAE:30April,2018 - Turbine Services & Solutions (TS&S), a leading engine maintenance, repair and overhaul (MRO) provider for gas turbines and driven equipment that is wholly owned by Mubadala Investment Company PJSC, todaysigned its firstmaintenance agreement with Dubai Aerospace Enterprise (DAE) Ltd, a globally recognized aerospace corporation and one of the largest aircraft leasing companies in the world.

Announced during the Global Aerospace Summit in Abu Dhabi, the contractwill enable TS&S to service various engine types within DAE’s substantial portfolio, including the Trent 700, GEnx and the V2500 engine -- one of which has already been repaired in the Abu Dhabi facility.

The V2500 engine, manufactured by International Aero Engines (IAE), is a turbofan engine that predominantly powers the Airbus A320 family of aircraft and is regarded as one of the most successful commercial jet engines since its entry into service in 1986. Currently,the V2500 engine powers over three thousand aircraft globally, and TS&S decided to become an overhaul facility for the V2500 engine in 2010,following substantial negotiations with IAE.TS&S has since been rapidly increasing its capability and capacitywith the engine.

The agreement represents a breakthroughfor TS&S, as it marks the company’s first major deal covering multiple engine types with a market leading leasing company.

Commenting on the agreement, Mansoor Janahi, Acting Chief Executive Officer at TS&S, said: “This agreement with DAE will enable TS&S to leverage itsengine MROcapabilities—an expertise that we have built over the last 30years. TS&S delivers tailor-made solutions, and we are delighted to offer our services and expand our relationship with a major leasing company. This partnership demonstrates that our country is already realizing its potential in being an advanced, competitive and impactful aerospace hub.We hope this contract is only the beginning, and that we grow our relationshipwith additional projects in the near future.”

Firoz Tarapore, Chief Executive Officer at DAE, said:“DAE is delighted to leverage the huge potential that exists within TS&S and we were extremely satisfied with the services TS&S recently provided to DAE in repairing one of our V2500 engines. We look forward to continuing this successful relationship and to mutually contribute to the ever-expanding synergies that are built between the different aviation related businesses within the UAE”.

The engine repair and overhaul operations will continue to take place at TS&S’ state-of-the-art facilities in Abu Dhabi, which has been recognized by major engine OEM’s as a quality approved overhaul base. TS&S works with OEMs and airlines around the world, including Rolls Royce, GE, Pratt & Whitney, Etihad Airways, Indigo, Sri Lankan and Onur Air.

-ENDS-

About Turbine Services and Solutions

Turbine Services and Solutions (TS&S) is a leading solutions and maintenance, repair and overhaul (MRO) provider for gas turbines and driven equipment. Wholly-owned by the Mubadala Investment Company, TS&S is comprised of two businesses, each with distinct core competencies & specialties:

TS&S Aerospace provides comprehensive MRO services to customers around the world on aircraft engines installed GEnx, Trent 700, V2500 and PT6 series of engines, that are installed on a variety of applications including the Airbus A330, A320, Boeing 787 and 777 as well as other light aircraft.

TS&S Industrial is a service and solution provider for a wide range of industrial gas turbines and driven equipment used by the oil & gas, process and energy industries throughout the UAE and the MENA region.

In partnership with leading global Original Equipment Manufacturers (OEMs) such as General Electric, IAE, Rolls-Royce and Siemens, TS&S is able to provide world-class services and solutions with the highest level of a customized technical support to meet its customer’s requirements.

To learn more about TS&S or Mubadala, please visit or