Aircraft Engine Industry Forms Trade Association Los Angeles, California – February 01, 2012 -- The International Aircraft Engine Association, a global trade organization, was formed to represent the worldwide interests of aircraft engine manufacturers, operators and providers of overhaul, repair, training and consulting services. Hooman Rezaei, IAEA’s founder and president, firmly believes the aircraft engine community needs an international organization that brings together the diversified aviation community and provides a platform for collaboration among different facets and interests in the industry. “The International Aircraft Engine Association is the first trade organization dedicated to providing this global industry with a range of services, from an online marketplace to operating certification training programs,” said Rezaei. “With more than 5000 professionals from around the world participating in the Association’s Linkedin group, the interests of the aircraft engine community demand representation that addresses the ongoing challenges.” Since the inception of jet propulsion in the 1930s, millions of passengers have been flying around the world on aircraft powered by variety of engine models. Aircraft engines fly under several aircraft tail numbers during their life cycle causing significant changes in the aircraft value at every installation. Today, some 80,000 commercial engines are in service with firm orders for another 14,000 and maintenance market segment in excess of $20 billion. Until the formation of IAEA, there has been no single trade organization that worked to standardize engine trade and maintenance contracts or organized a consolidated engine exposition similar to the International Paris Air Show for aircraft. The association will also be a market place for aircraft engines, making engines available for trade or lease on an online listing. The International Aircraft Engine Association will have working teams addressing industry’s common issues in specific areas of ownership; operations and maintenance; consulting services; and training certification programs. IAEA will also be a forum for the exchange of news and event information of interest to the industry with an exclusive journal publication. The 2012 individual membership is complimentary and will be considered founding members with future exclusive privileges and discounted membership. Corporate and airline membership and sponsorship will be the foundation of IAEA’s growth in scope and content. Corporations and individuals interested in participation in working groups, listing assets and career opportunities are encouraged to contact with their requests. Contact Email: info@turbineengine.org Telephone: +1-310-266-5514 IAEA Web & Membership Request: www.turbineengine.org Follow IAEA on Twitter: @IAEA1 Linkedin: International Aircraft Engine Association