P&W and TES Aviation Group sign material consumption agreement

Pratt & Whitney and TES Aviation Group have entered into a material consumption agreement on PW4000-100" engines. Pratt & Whitney is a United Technologies Corp. (NYSE: UTX) company.

Under the agreement, Pratt & Whitney and TES Aviation Group will work together to consume material from PW4000-100" engines that have been displaced from recently retired Airbus A330 commercial aircraft fleets. The agreement includes material purchasing, component repair and serviceable material installation on PW4000-100" engine overhauls at Pratt & Whitney's Singapore-based Eagle Services Asia engine overhaul facility.

"This material consumption agreement with TES Aviation Group is a great example of Pratt & Whitney's increased focus on better serving its airline customers," said Jerry Tarnacki, Pratt & Whitney services vice president. "Through this agreement, we will be able to provide our customers as many opportunities as possible to lower their cost of ownership by using serviceable material instead of new whenever possible."

"We are delighted to partner with Pratt & Whitney on this exciting new initiative," said Ashley Cooper, Chief Executive Officer of TES Aviation Group. "We look forward to working with Pratt & Whitney to offer creative material solutions to help lower cost of ownership for the PW4000-100" customer base."

Source: Pratt & Whitney, A United Technologies Company (NYSE:UTX)
Date: Apr 16, 2013